:
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
2325.00 USD 1350.00 USD 1 30.00% 1.00 No

Company Formation and Registration Services in Australia (Private)

Registration of Company in Australia (Proprietary)

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;
  • Flexibility in redistributing shares or reducing the agreed upon paid capital for companies;   
  • Minimum of a director and shareholder;
  • Complete foreign ownership;
  • Business-friendly environment;
  • Government support and provision of incentives for investors;
  • Double taxation treaties and Tax information exchange agreements signed with over 40 countries.

Business in Australia: Taxation

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

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.

Company Formation Requirements

  • Memorandum and Article of Association;
  • Statutory declaration of compliance;
  • Notice of situation of Registered office;
  • Certificate of incorporation;
  • Minimum of one director and shareholder (at least one of the directors must be a resident of Australia, shareholders range from one to fifty);  
  • A list of the shareholders and directors of the company;
  • Notification and letter of appointment of First Directors;
  • Notification of appointment of Secretary;
  • Company secretary (the secretary must be a resident of Australia);
  • The legal registered address of the office.

Bookkeeping in Australia

Annual financial report filing - Yes

Statutory audit requirements - No;

Annual tax returns filing - No.

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 (Private) is $2325. 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 this service 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 the client 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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General information
Square7 741 220.00
Population22 015 600.00
CapitalCanberra
Unemployment11.60
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%
USD exchange rate0.96
GDP per capita19
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 companiesДа
Legal systemCommon Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeНет
Indication of BPA in the nameLimited by Shares (Pty. Ltd. или Proprietary Limited, или сочетание этих 2 вариантов); Unlimited with Share Capital (Pty. или Proprietary другими словами, без использования слов Ltd или Limited)
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 directors1
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 SecretaryНет
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 registerДа
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 reportsНет
Open access to reportsНет
Statutory auditНет
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnНет
The requirement for reportsНет
Treaty on avoidance of double taxation (States which signed)45
Membership in the OECDДа
Is it offshore according to Russian legislationНет
Trademark Registration
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