Company Formation in Australia – SK Patodia

ADVANTAGES OF COMPANY REGISTRATION IN AUSTRALIA

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

BASIC REQUIREMENTS

  • 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.

DOCUMENTS REQUIRED

  • 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

OUR SERVICES

Incorporation Services:

  • 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.

TIME PERIOD

It takes approximately 1 week to form a company in Australia.
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