Published Jun 19, 2014
 by Nick Yock

How to apply for an ABN for international students

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Welcome to Brad’s Quick Bits

Hi guys, Brad Lincoln here, education agent for Pathway to Aus, bringing you another of Brad’s quick bits. Today, I’m addressing a common query that has perplexed many students: Can an international student open a business while on a student visa in Australia?

Can International Students Open a Business in Australia?

Yes, they can! While the process is generally straightforward, the requirements might vary depending on the nature of the business you’re looking to start. However, a pivotal step is obtaining an Australian Business Number (ABN) before you proceed.

Understanding the ABN

An ABN, or Australian Business Number, is a crucial identifier for any business operating legally in Australia. This number is integral for tax, payroll, invoicing, and other administrative aspects that allow a business to operate efficiently and in accordance with Australian laws.

Procuring Your ABN

  • You must be established and living in Australia.
  • Obtain your TFN from the Australian Taxation Office. This is essential before applying for an ABN.
  • The Australian government provides ABN registrations free. Beware of third-party services that may charge.
  • Head to the Australian Business Register website.
  • Answer questions about your business, provide identity verification, and submit.
  • Typically, you’ll get your ABN via mail within two weeks. In some cases, it might be provided instantly online.
  • Display your ABN on all business documents.
  • Update any changes in your business details on the Australian Business Register promptly.

How to Apply for an ABN as an International Student in Australia

If you’re an international student looking to start a business in Australia, one of the first and most crucial steps you’ll need to take is applying for an Australian Business Number (ABN). An ABN is a unique identifier that is essential for various business operations, including tax, invoicing, and payroll. Here’s a step-by-step guide on how to apply for an ABN:

Eligibility Criteria

  • You must be established and living in Australia.
  • Obtain your Tax File Number (TFN) from the Australian Taxation Office before applying for an ABN.

Application Process

  1. Visit the Australian Business Register Website: The Australian government provides ABN registrations for free. Be cautious of third-party services that may charge a fee.
  2. Complete the Application: You’ll need to answer questions about your business, provide identity verification, and submit the application.
  3. Receive Your ABN: Typically, you’ll receive your ABN via mail within two weeks. In some cases, it might be provided instantly online.

Important Points

  • Display your ABN on all business documents.
  • Update any changes in your business details on the Australian Business Register promptly.

Compliance

While having an ABN allows you to operate a business, remember that you’re still governed by the work rights associated with your student visa. Always be aware and compliant with these limitations.

Consult a Tax Professional

Operating under an ABN means you’re responsible for managing your own taxes. Consult an accountant to plan your tax obligations effectively.

For more information on starting a business as an international student, feel free to reach out to us at Pathway to Aus.

What Kind of Business Can International Students Start?

The possibilities are virtually limitless and depend on your skills and determination. To give you a clearer picture, here are some examples of businesses our students have launched:

Example 1: Ride-Sharing Services

John, during his study in Australia, balanced part-time work with free time. He bought a car and started offering ride-sharing services like Uber and UberEats, transporting both people and food. Though it seems like working for a corporation, you’re essentially running a mini-business, deciding on working hours and using personal resources. Plus, services like Uber mandate an ABN.

Example 2: Photography

Ashley, passionate about photography, pursued a related course on the Gold Coast. She leveraged her skills from Brazil, got an ABN, and started advertising her services on Facebook. Within weeks, she was being hired for weddings and events. The beauty of this? Ashley determined her rates, sometimes earning as much as $400 for a single day’s shoot.

Taxes and Your New Business

Irrespective of whether you’re on a TFN or an ABN, paying taxes is non-negotiable. When operating under an ABN, you’re responsible for managing your own taxes instead of an employer deducting them for you. If you’re venturing into this realm, I’d recommend consulting with an accountant to plan your tax obligations.

Remember Your Student Visa Work Rights

While starting a business in Australia is exciting, remember that you’re still governed by the work rights associated with your student visa. Opening a business doesn’t exempt you from these limitations. Always be aware and compliant.

Wrapping Up

Starting a business as an international student in Australia can be both fulfilling and lucrative. However, it’s essential to understand the intricacies involved. Should you have more questions about living, working, or studying in Australia, don’t hesitate to reach out to us at Pathway to Aus through phone, email, Facebook, or Instagram. Thanks!

How to apply for an ABN for international students was last modified: September 7th, 2023 by Nick Yock
Nick

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