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Get to Know About Christmas Island
No, Christmas Island is not where elves live. It is an Australian territory in the Indian Ocean. The island has an area of 135 square kilometers and is home to 1,843 people. Most of the people here are of Malaysian, Chinese, Eurasians and European Australian descent.
Christmas Island is mostly known for its phosphate mining and tourism industry. The market is limited, as you can see; thus, doing business in Christmas Island means being willing to invest most particularly in tourism. Additionally, there are many rare animals and plants in the region; it might intrigue you if your business plan somehow concerns biology. Apart from that, fishing is a popular activity in the Christmas Islands, and there are a lot of rare fishes in the region. 63% of Christmas Island is a National Park, known as the Christmas Island National Park.
The Australian government looks after Christmas Island. Thus, the federal tax rate is 30%, but the tax rate for smaller businesses is 27.5%. And as you can expect, the place is not isolated, and there are excellent telecommunication and internet facilities. The education system is good as well; anyway, there are no universities in the area.
Christmas Islands has its share of problems. People seem to be frustrated with the Australian government policies and feel that they need a local governing body. Also, there have been many instances of refugees landing in the Islands and related controversies.