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Start an online business in Australia or Asia?

 

in Australia by @liztai 9yr  | 23 comments

This is something Iโ€™m really torn about. I really love the lifestyle in Australia, but the high living costs means that I have to work hard at my day job to pay the bills while I get things off the ground. I wonโ€™t be able to save much either.

In Malaysia, Iโ€™ll have a stable day job, free accommodation and lower costs of living, but am unsure if itโ€™ll be more difficult to get my online biz off the ground because Iโ€™m not sure about the business contacts I can get in Malaysia.

What do you think? Start a biz in Australia or Asia?

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hah heya. Yeah I would have said get out of Australia. Iโ€™m both Australian and originally Malaysian, although my parents renounced citizenship on immigration and Iโ€™m not sure if Iโ€™m entitled to a Malay passport. If anything your post makes me think I should look into it.

Australia is ridiculously expensive and imo doesnโ€™t offer much in the way of business contacts or local ecosystem with advantages. Most startups are looking to get out of Australia for a reason. Australian rates are high but the trade off there is small # of employers so not many gigs to go around. The US is still the sweet spot where rates are still higher than say Malaysia but there are many more of them employing remotely, however many are still anal about the US time zone thing.

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@liztai 9yr

I have decided to cut and run to Malaysia :wink: really liking being back!

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@liztai 9yr

Hey Taj,
Gotta meet you when Iโ€™m in KL. Are you Malaysian, btw?

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@taj 9yr

Hello Liztai

Yes I am in KL and would love to meet you, and discuss and share.

I will be in Malaysia, you are requested to email me at [email protected] before you reach KL. So that I can free myself

Looking forward learning from you and yourinsights

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@taj 9yr

I agree with notanomad.

Who is your target market or What is your Niche
What is your USP ?

I am staying in Malaysia, and find Malaysia is a good place to START your online business, if you earn in USD, Malaysia is lot cheaper than Australia and you can get good internet connection and good community

If you have SPECIFIC question you can ASK me

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@liztai 9yr

Hello Taj,
Nice to meet you. Where in Malaysia are you based? Itโ€™s nice to meet a nomad based in Malaysia!

To be honest I am still at pupae stage when it comes to my online business. My talent is copywriting and editing so the plan is to specialise in content strategy, seo writing and writing and producing ebooks.

Thank you for your offer to answer questions for I certainly have lots! Will Pm you a question or two soon.

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@taj 9yr

Hello Liztai

Nice to meet you too. I am based in KL and I am like you, trying to start my online business too :smile:

If everyone can do it, you can do it too :smile: I find it a little bit challenging as starting is the challenging part, after that, it will be okay

If you can add some marketing skill ( I can share with you later ) then you can sell MARKETING PACKAGE or MARKETING IN A BOX to Business Owners, that include Automated Wordpress Website + Copy Writing + Content Marketing+ Ebook + SEO

You can offer THREE package USD 1000 , 2500 and $ 5000 for example, so that they can choose as per their need and budget

We can discuss further and see your passion and aspiration

Wish you all the best on your journey

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Hereโ€™s a link you might find useful:

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Malaysia is a territorial tax country which means income derived from other countries isnโ€™t taxed there. Thatโ€™s a huge advantage for an online business. If I were you Iโ€™d move to a condo by the sea in Penang and try running your business from there for at least a few months. Create a product and sell it online to businesses from other countries then start outsourcing most of the work. Once the ball is rolling you can move anywhere you want in the world with little personal risk.

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@liztai 9yr

Hello Freedomsurfer,
Thanks for your reply. Penang is a gorgeous place to live :slight_smile: I am fortunate, however, that I can live in Malaysia relatively rent free which was why I was seriously considering the move. In Australia I live quite frugally but in Malaysia I will save tonnes in living expenses.

Out of curiosity were you based in Penang? I hear lots of location nomads recommending Penang and I wonder if there is a location independent scene there.

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Iโ€™ve only been there a couple of times as a tourist, spent 2-3 months cumulatively. There is definitely an expat scene in Penang but not that much of a digital nomad scene.

My only experience living long term in Malaysia was in Kuching and I loved it there. I was probably the only expat in the city but everyone spoke English so I had no problem making local friends. Itโ€™s not the best city to live in if you are into nightlife but if you love nature, a good laksa and a relax vibe I definitely recommend it to you. Maxis has a fast LTE network there so the internet isnโ€™t a problem and centrally located apartments are very affordable.

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@liztai 9yr

Thanks for your response, freedomsurfer. Just to clarify, I was born in Penang; itโ€™s my hometown so I have very fond memories of it :wink:

Iโ€™ve never been to Kuching though.

Next time youโ€™re in Malaysia (specifically, Kuala Lumpur), drop me a line! Would love to meet you and have a cuppa.

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@notanomad 9yr

Depends on the business contacts you actually need. I wouldnโ€™t have thought either that Malaysia was that bad or Australia that good for business contacts unless your primary objective is to serve the Australian market.

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@liztai 9yr

I plan to have several income streams: freelance Seo writing, ebooks and maybe copywriting. I hope to get international clients as Malaysian clients donโ€™t pay enough for me to move to Chiang Mai or travel (or so I believe).

But I have read of digital nomads who built their business from Bali or Thailand and wonder how they do itโ€ฆ

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@bear 9yr

Donโ€™t forget, the internet is location agnostic.

If you focus on getting clients in your location, youโ€™ll be tied to that location. Instead, open yourself up to clients from anywhere by marketing yourself online (a good test of your skills anyway!), and if their location doesnโ€™t matter neither does yours. Then you can do your work from Australia or Malaysia.

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@bear 9yr

Also, I meant to say, there are places in Australia that have a lower cost of living than others.

Living in Sydney is more expensive than living in Hobart, for example.

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@liztai 9yr

I live in Adelaide which is considered one of the cheaper places to live in Oz but its still one of the highest in the world โ€ฆ

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@josefa 9yr

Howdy,

Ive just moved to Sydney so I understand how expensive it is. Most people decide to cut an run to SE asia. Are you still located in Sydney? It would be great to connect with those pursuing a Digital Nomad lifestyle

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@liztai 9yr

Thatโ€™s a relief to hear though I do wonder if clients will trust you enough to take you on. Yes I am not too keen to tie myself to a spot. Whatโ€™s the point then, right?

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My vote is on Malaysia.

In my experience, working a day job leaves little energy or enthusiasm for side projects, so itโ€™s only worth it if the day job pays well enough that you can afford whatever luxuries you need to rejuvenate your mental and physical energies. You need to take yourself to the spa, get a massage, eat well and exercise.

If you canโ€™t afford to take care of and rejuvenate yourself, you wonโ€™t be able to give of yourself to your business. And a business takes nearly everything you have to give! I started a business a few years ago, and we werenโ€™t able to get off the ground because we simply exhausted ourselves and the team burned out.

I notice that you are from Malaysia, but have the feeling that your family might not support you starting an online business? Can you explain why you are unsure about making business contacts in Malaysia?

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@liztai 9yr

Hi there livvyjeffs thanks for responding!
I Am rather new to digital nomadism so am not sure if I can get international clients from Malaysia. Most Malaysian companies donโ€™t pay freelancers very well.

My family is pretty conservative and have the โ€œemployee for lifeโ€ mindset. They would probably talk me out of it than support me.

You have a point about the luxuries bit. The two years I have been here in Oz I have struggled mightily to finish my product. It was damn exhausting. I finished my ebook after a year!! During the time I wondered if it would have been far easier in Malaysia as I would be in a more relaxed frame of mind.

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I see. Since youโ€™re in Australia now, start looking for customers while youโ€™re on the ground. Once you have just a few customers with an established relationship, youโ€™re probably safe to head over to Bali or Chiang Mai. You should get a nice portfolio online before you leave, and set things up so that itโ€™s easy for your clients to refer you out. Cost of living is about $30-$40 a day (very very comfortably) and all you need is the Internet. This way you can charge low Australian prices, and are likely to get referred if your products are good and your price is competitive, but make more than enough to live comfortably while traveling.

You should do some research on โ€œhow to be a freelancerโ€. Some basic things like setting up payment expectations up front and how to structure deliverables are important. There are so many ways to do this, some people charge per day, if youโ€™re a writer, you might charge per word or per article. And itโ€™s good to let people know up front about how much your time will cost, because it filters out the serious clients from the clients who are going to give you problems down the line.

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@liztai 9yr

Also, and I may be wrong, the web writing market in Malaysia is still very young and a friend recently remarked that he is paid $7 a day to maintain a website!! At least with Aussie clients I can get better rates. I hope.

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Read and participate in 14,117 discussions on Nomad List

Suggested topics

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How do I get Travel/Medical Insurance for Portugal for visa application from Australia?


in Portugal by @jonathanpoh 4yr 4 years ago  | 5 comments

I'm preparing my Portuguese D7 long-term visa application and one of the required documents is proof of travel insurance with medical coverage. However, as an Australian citizen, if put that as my country of residence in many travel insurance companies' quick quote forms, I'm unable to get ANY insurance coverage at all because of the current travel ban out of Australia, and the Australian govt's 'Do Not Travel' advice to ALL countries. I know that Aussies are applying for, and successfully getting visas from the Portuguese Consulate here, so where and how are they fulfilling this insurance requirement if insurers aren't selling any coverage? Does anybody know or have any ideas?

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What is the best online insurance for digital nomads ?


by @berberos 4yr 4 years ago  | 4 comments

Hi guys ! hope you are doing well.

I would love to get your feedback regarding the best insurance for digital nomads. i'm traveling around Asia since 1 year and for next 4 or 5 years. Would love to buy an insurance to cover especially :

- health

- laptop, phone ...

- Flights

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What are the best blogs by individuals who have started businesses in Southeast Asia?


in Thailand by @haiducii 4yr 4 years ago  | 0 comments

Hey everyone,

Looking for blogs by individuals who document their progress/business in South East Asia - ideally Vietnam, Cambodia or Laos - but also Thailand/Myanmar too.

Thank you,

Haiducci

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How to stay in Australia for longer than 3 months


in Australia by @rose_davis 5yr 5 years ago  | 2 comments

Hey there!

Iโ€™m planning on spending 3 months in Australia next year on a tourist visa. Iโ€™ve already gotten my working holiday visa (in 2017), but unfortunately didnโ€™t get to take advantage of the full year (only stayed 3 months).

My boyfriend will be able to get his working holiday visa before we go, so Iโ€™m wondering if anyone knows of a way that I might be able to extend my stay (6 months would be ideal, if longer I wouldnโ€™t complain).

Iโ€™d like to do this legally of course, so Iโ€™m wondering about a student visa. Anyone have experience getting this to extend their stay?

And other workarounds that might be worth exploring?

Might also be worth noting โ€“ Iโ€™ll be working while Iโ€™m there (for a US-based company) and I am American.

Appreciate the help!

Rose

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Recommendations for UK/Scotland accountants that understand remote businesses?


by @eduardoyi 5yr 5 years ago  | 1 comment

Looking for recommendations for reliable accountants who understand how remote businesses with off-shore freelancers and clients work. Thanks!

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How do I ensure that getting refused entry to the UK won't keep me from getting an Australian 462 (work and holiday) visa?


in Australia by @allisonkirschbaum 5yr 5 years ago  | 0 comments

On New Yearโ€™s Day this year, I was refused entry to the UK due to not having proof of funds, an outward-bound plane ticket (I was road-tripping out with a friend via car) and not being able to prove that I had indeed canceled the lease on the apartment I had leased during a prior recent trip.

I havenโ€™t had any entry issues to any of the several countries Iโ€™ve visited after, but now Iโ€™m applying for a 462 visa (work and holiday) visa in Australia, and since Australia and the UK share an immigration info system, I want to make sure getting refused entry wonโ€™t keep me from getting a visa. None of the issues that cropped up in the UK (the proof of funds, the plane ticket, and the apartment) will be an issue in Australia, as Iโ€™ve never traveled there before, donโ€™t know anyone and will have proof of more than sufficient funds for the trip and an outbound plane ticket.

Anybody have any suggestions on how to make the approval process go as smoothly as possible?

Many thanks in advance! :smiley:

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What's the best place to incorporate an online business?

 

by @octave 5yr 5 years ago  | 63 comments

I have an commerce website. We get around 1000 orders per month and this is going to get quite a bit bigger in next few years.

I am British. I live in Thailand.
Im not allowed to majority own a Thai business and small foreign entrepreneurs are not really welcome. So i need an offshore company.

I need PayPal and an ecommerce internet merchant account. Also looking at alternatives like worldpay. 2checkout etc

Does PayPal need me to be a resident to the country i register my account to? Are there complications being a non resident to get other payment solutions?

Apparently in Hong Kong you need 2 years trading history to get an Internet Mechant Account and they generally turn their noses up at those with less than $1m(us) a year turn over. Singapore seems a bit easier.

I really want to avoid paperwork and book keeping. I hate it.

So i was looking at Seychelles, Panama, BVI, Belize.

Does anyone have experience with payment providers in these countries?

Most nomads i see donโ€™t really have a high volume of small monthly transactions which i do. Im going around in circles and donโ€™t know where to start.

Ill also need a bank account for business and a personal bank account to pay my salary into

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Foreigner owned Coworking business in Malaysia


in Malaysia by @newyam 5yr 5 years ago  | 0 comments

Heyo folks! The idea to open up an own coworking space in Malaysia has been on my mind for quite a while and I would like to reach out on foreigners being a business owner/co working space owner in Malaysia, there are a lot of questions that would follow up but most importantly is to reach out to someone with experience.

Ideally would be someone who runs a coworking space in Malaysia, second best would be to just come in touch with a foreign business owner in Malaysia.
Cheers
Yamin

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Is there a US bank for easily creating new business checking accounts remotely?

 

by @tylertringas 5yr 5 years ago  | 23 comments

Every accountant is going to tell you that you really should be keeping separate accounts for all your businesses and even projects that may one day become businesses. But in my experience setting up a new account associated with an actual business entity is a pretty annoying process involving an in-person visit to a bank branch, proof of residence in that branchโ€™s region, etc. Has anybody seen a bank that letโ€™s you easily create a simple business checking account online and more importantly that would let you add additional accounts and transfer funds between them?

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Pacific islands with decent internet speed to work online


by @paxai 5yr 5 years ago  | 1 comment

Any digital nomads that have lived for an extended period of time on a pacific island? I am planning on moving with my girlfriend for a 6 month period to a pacific island, and planning to live of copywriting and some other online work.

Have been looking at islands like Samoa, Tonga, Fiji, Cook Islands ++. Main problem is that many places seem to have expensive/bad internet speeds and access.

I dontยดt need superfast internet, but it has to be good enough for me to surf, send e-mails, download pictures, update webpages and so on. Either good internet cafes or the possibility to rent appartments with internet that doesnt suck or blow our budget.

Any recommendations for the perfect pacific island for working online?

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Best online Bank for Digital Nomads


by @nilanjan 6yr 6 years ago  | 0 comments

Hi All,
Can you suggest a cheap but reliable online Bank for Nomads?
What I meant by " cheap" is decent " service charges".

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Australians CAN spend more than 90 days in Schengen countries


in Australia by @uncompromise 6yr 6 years ago  | 4 comments

The Australian government apparently has bilateral agreements with a number of signatories to the Schengen Visa treaty that predate, and supersede, the standard 90/180 for traveling in the Schengen zone.

This Wikipedia article stipulates to the bilateral visa agreements:

According to this article, and some of the links Iโ€™ve followed to official documents, Australians are (potentially) permitted to travel within Schengen, and not have their stay in the following countries aggregate up to the 90/180, but be treated as separate periods, with the time permitted under the existing bilateral agreements.

Countries that appear to have bilateral agreements include:

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In theory, this would permit an Australian passport holder to move relatively unrestricted around the Schengen zone for an almost infinite period.

For example, if I am permitted to be in Germany for 90/180, external to the Schengen treaty, I could, in theory, spend 90 days here, exit to Austria on the train, spend another 90/180, exit to The Netherlands by train, spend another 90/180, and then return to Germany, where my 180 days would have reset.

If youโ€™re an Aussie, and have been traveling in Europe without any formal visa documentation, other than your passport, Iโ€™d love to hear from you. Iโ€™m attempting to plan out the balance of my time in Europe, and donโ€™t want to fall foul with any officials. Getting a black mark on my passport would be highly undesirable.

Thanks in advance for your support

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How do you manage your location independent business as a Nomad Entrepreneur?


by @vzablocky 6yr 6 years ago  | 3 comments

Iโ€™d like to invite nomad entrepreneurs in this topic to discuss what are the challenges you face in filing taxes, insurance and banking complications, while travelling and running your business remotely.

Please share your thoughts! I would be happy to help!

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Internet Speed (Teaching English Online)


by @teacher 6yr 6 years ago  | 0 comments

Hi guys.

Iโ€™ll be travelling to Peru soon to volunteer and thinking to teach online in Cusco. Iโ€™m wondering what the best set-up would be for speeds high enough to teach via video-platform online. Iโ€™m open to getting a SIM Card with a data package, getting a dedicated internet provider for a private apartment or using an ethernet cable to increase speed.

Thank you,
Seda

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Do you have time zone issues working remotely in Asia?


by @anniestrout 6yr 6 years ago  | 1 comment

Regarding remote work in Asia/Far East, How have or could you successfully navigate the time zone and internet issue. It sounds like you really have to use a cowork space there to have adequate connection but I would be working mainly in US time zones with 12 hour difference, are there spaces open 24 hours? Is it possible to get good internet with a long term rental instead? I would need a really good connection, which itโ€™s hard to tell if exists in some places at all. Thanks!

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Are there cards similar to the APEC Business Travel Card that Europeans are eligible for?


by @dpt 7yr 7 years ago  | 3 comments

I heard from an American friend that he has several cards similar to the APEC Business Travel Card (link to Wikipedia ) that allow him to get priority treatment at immigration line in certain countries.
I was very intrigued and quickly checked up on the card, but it seems to be only available to citizens of APEC-member nations.

I was wondering if anyone here uses such cards, what your experiences with them are (specifically, Iโ€™m interested in cards available for Europeans/Germans).

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Do I need vaccinations for traveling in Asia?


by @fredrivett 7yr 7 years ago  | 6 comments

Iโ€™ve been looking to travel for a few years now, and Iโ€™m finally at the point where Iโ€™m pretty much ready to get going, hopefully next month.

That said, Iโ€™ve not planned ahead well, and it only just occurred to me about vaccinations. Iโ€™ve done a bit of research and there are vaccinations available, but Iโ€™m unsure how necessary they are.

I plan to chat to my local nurse/doctor before going, but Iโ€™m also interested to hear whether most people do vaccinate at all before heading out or not?

In terms of specifics, Iโ€™m planning to fly to Japan and then move south, likely hitting up Thailand, Bali, Vietnam etc.

Not expecting any official health advice here, more just personal experience. Any thoughts appreciated :+1:

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How do I open a business account in Hong Kong? Proof of business?


in Hong Kong by @omar 7yr 7 years ago  | 6 comments

Hello guys, I was wondering if anyone had any experience in opening a business bank account in Hong Kong. Iโ€™m getting all the paperwork ready to incorporate in Seychelles and open the bank account but the agency that is helping me says Hong Kong bankers are getting more picky. They are asking me for business โ€˜proofโ€™ since iโ€™ve always ran my sites as an individual I wonder if just proof of payment from ad networks is enough. If you have any advice it would be much welcomed.

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Registering a Business in Netherlands for non European


in Netherlands by @deskaway 7yr 7 years ago  | 0 comments

Hi fellow nomads !
Looking for tax representative offices, logistic solutions and Company incorporation in Netherlands. ?

I will be in Amsterdam coworking and checking these companies out? Honestly I do not want to end up with a hidden fees companyโ€ฆ

Cheers from Berlin,

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Public transport in Australia: Best route planning tools?


in Australia by @dunctk 7yr 7 years ago  | 3 comments

Iโ€™m going to Australia for the first time in a week or so. Iโ€™d like to visit places like Byron (from Sydney). But Iโ€™d prefer not to rent a car.

I know Google Maps supports public transit directions in Aus, but based on my experience in London, theyโ€™re often not as useable / accurate as the native planning tools (e.g. National Rail app in the UK).

Can anyone recommend any local apps / sites for planning routes on trains, buses, etc. in Aus?

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