:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
2250.00 USD 1350.00 USD 1 30.00% 1.00 No

Company Formation and Registration Services in Australia (Public)

Australia, officially known as the Commonwealth of Australia, it is bordered by Indonesia, Papua New Guinea, and East Timor (north); the Solomon Islands and Vanuatu (north-east); New Zealand (south-east) and surrounded by the Indian and Pacific oceans. The capital of Australia is Canberra while its largest city is Sydney, it makes use of the Australian dollar (AUD) as its official currency. The population of Australia is over 24 million. Australia is a stable democratic political state, federal parliamentary constitutional monarchy. The official language is English.

Australia is a highly developed country, a member of the United Nations, G20, Organization for Economic Cooperation and Development (OECD), World Trade Organization and Commonwealth of Nations and many more. The legal framework regulating the formation, registration and other related company activities is the Australia companies Act 2001. The authority responsible for the incorporation, registration and other company related activities in Australia is the Australian Registry of Companies.

Benefits of Company Formation in Australia

  • Stable economic and political environment;
  • No minimum capital requirements;
  • Unlimited number of shareholders;
  • Complete foreign ownership;
  • Business-friendly environment;
  • Government support and provision of incentives for investors;
  • Access to the Australian Stock Exchange
  • Double taxation treaties and Tax information exchange agreements signed with over 40 countries.

Business in Australia: Taxation

  • Federal corporate tax rate - 30%
  • Public company tax rate - 27.5%
  • Income tax - Progressive tax (0%-45%)
  • VAT rate - 10%

The Australian Tax Office (ATO) is the authority responsible for tax revenue in Australia.

Business in Australia: Types of Companies

The following are the types of business entities in Australia, they include

  • Private Company;
  • Public Company;
  • A company limited by guarantees (Non-profit activities/charities);
  • Sole Proprietorship;
  • Partnership;
  • Foreign company Branch or representative office;
  • Trust.

Registration of the name of a company in Australia is guided by the Australian Securities and Investments Commission (ASIC).

Bookkeeping in Australia

Annual financial report filing - Yes;

Statutory audit requirements - Yes;

Annual tax returns filing - Yes.

Company Formation Requirements

  • Memorandum and Article of Association;
  • Statutory declaration of compliance;
  • Notice of situation of Registered office;
  • Certificate of incorporation;
  • No minimum share capital requirements;
  • Minimum of three directors (two of them should be residents of Australia);
  • Company secretary (should be a resident of Australia);
  • Unlimited number of shareholders;
  • The legal registered address of the office.

It is important to note that shares on the stock exchange can be carried out in accordance with requirements of the ASE (Australian Stock Exchange) and ‘Law on Companies’ rules.

How to Register a Company in Australia: The Registration Process

Step 1. Law and Trust works with the client to get the company’s name and activity approval from the Australian Registry of Companies;

Step 2. Law and Trust with the client to secure the Memorandum of Association (MOA);

Step 3. Law and Trust works with the client to register with the Australian Securities and Investment Commission (ASIC), apply for an Australian Business Number (ABN), Tax File Number (TFN) and Goods and Services Tax (GST).

Step 4. Law and Trust collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval;

Step 5. Law and Trust works with the client to open a corporate bank account in Australia;

Step 6. Law and Trust deliver the certificate of incorporation personally to the client or via courier service.

Australian Company Formation FAQs

How long does it take to establish a company in Australia?

It takes from three days to complete the registration process for the formation of a proprietary company in Australia.

Do I need a local director to incorporate my Australian Company?

Yes, you will require a local director to complete your company’s incorporation process in this jurisdiction.

How much does it cost to register an Australian (Private) Company?

The cost of registering a company in Australia (Public) is $2250. the total cost includes the preparation of legal documents, company registration, payment of all taxes and fees at the time of registration and legal address for the company (a year).

Can I start a business without registering it in Australia?

It is not possible to start a business in Australia without registration, a license is required to operate or run a business in Australia.

Do I need a local address to register a company in Australia?

Yes, it is required to have to a legal registered address in Australia to complete the necessary company registration and formation process.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of company registration, formation, and incorporation service with Law&Trust International in Australia include:

Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services in Australia. A detailed overview of our services includes full legal support of the company registration procedure, obtaining a legal address, interaction with the official government authorities of the jurisdiction, state fees, legal address of the company for a year, production and registration of company stamps and advising the client as part of the registration process. Opening a bank account and the cost of these services are discussed during the consultation.

Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services and audit, tax planning and optimization, trademark and patent registration. Law and Trust provide clients with the best company incorporation services.

Domestic service: Law&Trust ensure our services cover every region, area or state in Australia. Be rest assured that no matter where the new company intends to incorporate in Australia, we’ve got the location covered.

Free initial advice: Free consultation from the lawyers of Law&Trust International regarding strategies or the provision of services for analyzing and developing a legal position on an issue the client raises in Australia.

Confidentiality: Law&Trust makes use of modern technological features to keep the records and details of every client safe.

Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in Australia, contact Law & Trust International by simply sending an email or call now to take your business to the next level!

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Nominee director and shareholder
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General information
Square7 741 220.00
Population22 015 600.00
CapitalCanberra
Unemployment11.60
State polityFederal parliamentary democracy
Telephone code61
Place in the world in corruption8
locationContinent between the Indian Ocean and the South Pacific Ocean
ClimateGenerally arid to semiarid; temperate in south and east; tropical in north; avg. maximum temperature (January) +36°; avg. minimum temperature (July) +10°
Literacy rate99.00%
Ethnic groupsWhite 92%, Asian 7%, aboriginal and other 1%
National currencyAustralian dollar
USD exchange rate0.96
GDP per capita19
Official languageEnglish
Credit ratingAAA
The judiciaryThe High Court, the federal courts (supreme courts), courts of the states and territories, a few special judicial institutions with specific functions.
Executive authorityCabinet. The Prime Minister appoints candidates from among the members of Parliament who later swear the Governor-General as government ministers.
Legislative authoritiesbicameral Federal Parliament: Senate (76 seats), the House of Representatives (150 seats).
Corporate information
Opportunity to purchase ready-made companiesНет
Legal systemCommon Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeНет
Indication of BPA in the nameLimited by Shares (Ltd or Limited); Unlimited with Share Capital (No suffix required); Limited by Guarantee (Ltd or Limited. Application can be made to dispense (Associations, clubs, with either under certain circumstances) charities etc); N.L.
Local registered agentДа
Shares and share capital
The minimum amount of paid-in capital, nat. currency1
Bearer sharesНет
Possibility to issue shares without par valueНет
Taxation
VATНет
Basic corporate tax rate30.00%
Capital gains taxНет
Currency controlНет
Corporate tax rates details27.5% rate applies to companies with aggregate annual turnover of less than AUD 25 million for the 2017-18 income year; threshold increases to AUD 50 million as from the 2018-19 income year.
Stamp dutyНет
Director and Secretary
Minimum number of directors3
The requirement for residency directorsДа
Director of legal entities are allowedНет
The data reveals to the local agentДа
Data field to the public registryНет
The requirement for the presence of the SecretaryДа
Requirement to the residense of the SecretaryДа
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerНет
Shareholders residency requirementНет
Information about the beneficiary is disclosedНет
Information may be disclosed to the local agentДа
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsДа
Statutory auditДа
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)45
Membership in the OECDДа
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
81.00 48.60 351.00 288.00 360.00 297.00 792.00 USD 633.60 USD
«TRADEMARK» refers to «Wordmark» or «Logo»

130.50 89.10 351.00 288.00 360.00 297.00 792.00 USD 674.10 USD
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In Australia, a pick-list for the description of goods and/or services is used; however, it is possible to provide a personal description considering an additional fee of USD 320. Trademark registration in Australia provides automatic protection in Ashmore and Cartier Islands, Cocos Island (Keeling), Christmas Island, and Norfolk Islands; there are is no local trademark registration in these countries.
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