Why Invest in the Northern Territory
Sound Economic Base
Economic stability in the Territory over the next decade will be ensured by:
- major construction projects
- recognition as an international gas hub
- growing pastoral and horticulture sectors
- numerous mineral discoveries
- developing trade gateway to the Asia region.
Asia’s Gateway with Australia
Darwin, the capital of the Northern Territory, is the closest Australian capital city to Asia, providing the shortest transport routes for two way trade between the Asian economies and Australia. The Northern Territory has two international airports with Darwin Airport operating 24/7. The deep water Port of Darwin provides modern freight handling facilities, a dedicated bulk liquids berth and links with an inter-modal road rail network. The Northern Territory is within a two-hour time zone of major Asian cities such as Beijing, Shanghai, Hong Kong, Macau, Kuala Lumpur, Singapore, Manila, Seoul, and Tokyo.
Stable Government and Financial Environment
The quality of governance in Australia is among the best in the world. This is a drawcard for multinationals expanding their businesses or considering Australia as regional base, as strong governance is considered a key to economic growth and security. The Northern Territory has no land tax and offers the lowest payroll tax regime within any Australian jurisdiction.
Dedicated Investment Support
The Northern Territory Government supports potential investors by providing a coordinated approach to investment opportunities. This flexible yet robust system allows strategic decisions to be considered quickly and comprehensively.
Highly Skilled Multi-lingual Workforce
The Northern Territory has many cultures and languages, predominantly from Europe and the Asia Pacific region. This allows easy interaction between government and business. The Northern Territory also possesses the youngest average age workforce in Australia.