The popularity behind Australian company registration can be credited to its prospering economy, abundant raw materials and untapped resources. Additionally, Australia offers multilingual and highly adept work personnel along with a stable regulatory environment and a progressive culture of innovation, which makes incorporating a business in Australia a lucrative opportunity for businesspersons. It is characterised by economic openness, western business ethic and excitable appetite, which makes it one of the fastest growing regions in the world.
Temporary residents are exempt from tax on any income arriving from foreign investments
No minimum paid up share capital is required
Faster to incorporate
Australia is characterised by political stability and minimum interference from the government
Its multilingual workforce helps you employ people across cultures, which is essential if you are looking to expand globally
Business-friendly government who have enacted free trade agreement with many countries
It is one of the best places to start a small business
It boasts of a low-risk and secure business environment
It is well connected to Asia, which is one of the fastest growing regions of the world
REQUIREMENT TO OPEN A COMPANY
Minimum 1 Shareholder (Any nationality)
Minimum 1 Director (Australian resident)
No Minimum Share Capital is required, however, share capital of AUD 1 is sufficient
Registered Office Address
Appointment of Company Secretary is optional. In the case of a company appointing a Secretary, he/she must be an Australian Resident
There is a mandatory requirement prescribed by ATO to appoint a Public Officer for an Australian company.
Complete Application Form
Notarized copies of the Certificate of Incorporation, Memorandum & Articles of Association, and details of Directors and Shareholders of the company
Notarized copy of consent letter from the Directors and Shareholders
Notarised Copies of Passport of Individual Shareholders and Directors
Extract of Companies Registrar
Name checking and Name Reservation.
Preparation of Incorporation Documents.
Registration the company with ASIC.
Registration of Australian Business Number (ABN).
Obtaining Goods and Service Tax Number (GST).
Assistance in opening a Corporate Bank Account.
Other Maintenance & Compliance Services:
Provision of a Local Resident Director.
Local Registered Office Address.
Accounting and Bookkeeping.
Filing Income Tax and GST returns.
ASIC company compliance.
Secretarial support services.
Payroll related services.
It takes approximately 1 week to form a company in Australia.