As Iranian-Australian business owners and young entrepreneurs explore the opportunities available in Australia, ever increasing numbers are enjoying financial success in this new country.
However, Persian business owners in Australia still face a number of challenges. In this article, we will explore the presence of Persian businesses in Australia and the contributions made by Iranian immigrants to the Australian economy. We also examine the benefits of engaging a Persian accounting partner to help mitigate most of the common challenges.
From 1979 to 1990, the Islamic revolution brought about a drastic change in Iran and the Persian culture. Millions of Persian people fled during this time, leaving their homes for the chance at a better life in a different country. Popular destinations for Iranians included the USA, Canada and Australia – these countries offered a safe haven and opportunities for growth.
The Persian community in Australia includes people from Iran, Afghanistan, and Tajikistan. According to Census figures from 2021, around 70,899 people of Iranian ancestry were living in Australia, with numbers continuing to grow. Their influence is particularly notable in Sydney and Melbourne, with many restaurants and cultural centres showcasing the Persian community.
This vibrant and growing community has made a significant impact on the Australian economy in recent years. There are now over 1,000 Persian-owned businesses operating in Australia, employing over 35,000 people. These businesses range from small-scale ventures to some of the largest companies in Australia.
Some of the top industries for Persian Australians include banking and financial services, real estate and housing, technology and internet services, health care and wellness services, and food service providers.
Despite their successes, many Persian business owners in Australia are facing challenges as they navigate this new and unfamiliar market. Some of the main areas of concern are:
These issues can be all-consuming for a small business owner, resulting in insufficient time and money to invest in effective scaling of the business.
It is vital for these business owners to connect with other Persian-Australian businesses, in order to establish mutual support networks. A Persian accountant and financial partner brings a deep understanding of your business, its strengths, and its challenges, and can help your business thrive.
Mizael Partners is a team of Persian accountants servicing all areas of Australia. Ryan Mizael and his team offer unparalleled accounting services tailored to your growing business. They specialise in working with Persian and Iranian business owners and families, and provide innovative accounting, auditing, bookkeeping, financial advisory, tax and cloud-based technology solutions.
In 2013, Mizael Partners commenced their Persian focus, servicing only one Iranian client. Today, we are Australia’s top provider of accounting services to Persian clients. Our main office locations are in Melbourne and Sydney, where we have experienced phenomenal growth over the past ten years. Our team members frequently attend our locations in Adelaide, Brisbane, Perth and Hobart, and are also available for video calls with clients when required.
Unit 6, 12 Maroondah Highway
Ringwood, Victoria 3134
Level 5 Nexus Norwest, 4 Columbia Ct
Norwest, NSW 2153
Our team of Persian accountants in Melbourne and Sydney are available for video calls or travelling to Adelaide when required.
Our team of Persian accountants in Melbourne and Sydney are available for video calls or travelling to Brisbane when required.
Our team of Persian accountants in Melbourne and Sydney are available for video calls or travelling to Perth when required.
Our team of Persian accountants in Melbourne and Sydney are available for video calls or travelling to Hobart when required.