Australia Has Become Top-Notch Destination For Immigrant Entrepreneurs

04 Nov 2014

The Australian Government newly released plan named, Industry Innovation and Competitiveness Agenda, has assured to address the existing working-visa structure. As it’s the time for Australia to reform its consideration on immigration as creating jobs but not stealing jobs.

A research demonstrates that Australia is a top-notch immigration destination, especially for entrepreneurs doing new business activities to contribute to the country’s economic growth and regional improvement whilst creating employment and wealth opportunities.

An interesting note is, a large number of immigrant entrepreneurs are willing to migrate to western nations and making a significant contributions to the economy.

In London, it is anticipated that more than 50% of new business start-ups and 7% of all small businesses possess immigrant entrepreneurs. Moreover, as of now migrant enterprises account more than 40% of all businesses in Strasbourg, Strasbourg and Vienna.

The same rise is further recognized in Spain, France and Italy, whose reports expects the yearly number of new migrant entrepreneurs launching their business to be 75,000, 35,000 and 46,000 respectively.

Presumably, with the rise in unemployment rate, the immigrant entrepreneurship has been fostered, which has huge potential to create value-added employment in various sectors, without an impact on local employees.

The immigrant entrepreneurs are greatly influential in the reinforcement of small business population, with their ventures exhibiting amazing growth over past two decades

It is necessary for Australia to recognize the aspects that support new business creation as well as the major role played by every entrepreneurial individual. The immigrants in Australia account a major source of human capital, which is essential in the growth of every nation’s entrepreneurial base.

The immigrant entrepreneurship can frequently fortify declining regions by contributing to the country’s social and economic welfare. Immigrants, by working longer hours and using national resources and networks might ease the production and transaction expenses to assist previously unbeneficial industries to become attractive.

In the small and medium-sized cities, immigrants fill those occupations that can’t be filled by local employees. Skilled immigrants are capable to engage in business entrepreneurship.

Sources said that immigrants are liable to engage in entrepreneurial activities than the natives.

Eventually, immigrant entrepreneurship signifies extraordinary opportunity for Australia’s future economic growth, so it is crucial that these innovators be given similar socio-political and academic consideration, and governmental support, to meet their latent as a major contributor.

The development of country’s demographic outline has opened entrepreneurial space for overseas nationals with a vision that Australia becoming a top destination to set up and improve a business.

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