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This time next year, you may be able to register your online business domain name in another language, thanks to a concept called Internationalisation of Domain Names (IDNs).

When the online domain name system was established about 30 years ago, it was written in Roman characters. Now it's going to be opened up to any character from any language. Domain names are the web addresses you type in your browser and the IDN move means non-Romanised characters can be used.
IDNs will incorporate languages from across Asia, India, the Middle East and Europe, allowing millions of people around the world who do not use the English language to go online.
Read the entire article here : http://www.theage.com.au/technology/biz-tech/domain-names-get-an-international-flavour-20090622-ctw0.html