Eternity Law International News Company registration in Australia

Company registration in Australia

December 23, 2020

Australia is a state whose operating principle can be defined as offshore. In this jurisdiction, the most favorable conditions have been created for creating a business and its effective development. Foreign entrepreneurs are especially interested in the Australian coastline as this country is attractive in terms of investment. The Australian government is working hard to safeguard the contributions of foreign partners and improve protection mechanisms for the data of founders and shareholders. In Australia, it is quite legal to minimize tax liabilities, which makes it similar to an offshore.

This jurisdiction allows the creation of companies in the form of private representations, associations and various partnerships. These options are more suitable for small businesses. For larger-scale activities, it is better to choose joint stock companies of open and closed type with one way or another way of bearing responsibility by participants:

  • an organization with no liability limitations and with capital that is divided into shares;
  • company with limited liability depending on the size of the shares of the participants. Such a firm can buy real estate, it must include at least 1 director. There are no capital requirements.

The Australian registry is open.

Company formation in Australia

Opening a company in the Australian jurisdiction means getting the opportunity to do business in the state. The creation of a branch of a foreign organization – the Australian branch – allows you to work absolutely legally. Such a company is obliged to do the following:

  • register with the tax authorities. Some types of activities require a license permit;
  • keep accounting records and submit all the necessary reporting annually exactly on time, which is prescribed in the legislative acts;
  • issue an insurance policy for each employee;
  • keep minutes during each meeting of shareholders and directors.

Every legal entity in Australia must be registered with the Australian Securities and Investments Commission. The registration procedure takes about a week. To fully establish a company in the Australian jurisdiction, it is necessary to prepare an appropriate statement, Statute, confirmation of the approval of the name of the company. The entire registration package is certified by an apostille.

If a non-resident company does not do business within Australia, it is not required to pay any tax fees. VAT – 10%.

If you need to register a company in Australia, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Australia. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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