ANZA Company Incorporation for Global Business

Incorporating a company?
Consider Australia or New Zealand for ease of transaction and a fresh outlook on business.

Australia

With a global reputation for "thinking outside the box" and being an OECD member, incorporating a business in Australia can be beneficial both in terms of business efficiency and reputation. Being one of the easiest places to do business worldwide, with a population of over 21 million, Australia is an attractive market in which to undertake company incorporation for a variety of reasons. With significant levels of foreign direct investment (FDI), it is interesting to look into the many incentives that attract entrepreneurs to Australia.

Australia and New Zealand offer excellent opportunities for a new company looking to incorporate, and Healy Consultants can provide clients with company setup and tax planning assistance.

As the prominent business centres in the pacific, the positive image gained from New Zealand and Australian company formation is a suitable vehicle to promote to clients, suppliers and venture capitalists.  Both nations make significant contributions to the global business scene, have advanced economies and developed governmental infrastructure. Both provide a democratic and politically stable environment in which to conduct business, featuring multilingual workforces and growing levels of foreign direct investment. On an international scale, they are consistently ranked highly for their investment freedom and economic performance. The Transparency International Index ranks NZ 1st in the world and Australia 8th in financial transparency, and in the 2011 World Bank Doing Business survey, which compares globally the ease of doing business, the countries rank 3rd and 10th respectively.

Australian and New Zealand company incorporation, even by non-citizens, is encouraged by a variety of residency, set-up and tax incentives. Interestingly, 100% foreign ownership is allowed and there is no minimum investment requirement.

New Zealand

In New Zealand, companies can be incorporated as Offshore Financial Companies (OFC), allowing operation in multiple financial service areas. At least one director and one shareholder are required in both nations, although in New Zealand corporate shareholders but not corporate directors are permitted. New Zealand does not require a resident director, and according to the Australian Corporations act, the requirement for one ordinarily resident Australian director can be fulfilled by engaging a nominee resident director.  An experienced corporate services firm can provide this service. 

True to its ranking as a supportive environment for setting up a company, Australian company registration can be completed by Healy Consultants within 5 days, with no client travel required. Similarly, Healy consultants work with internationally recognized banks such as Standard Chartered, HSBC and Citibank to provide corporate bank account services. In many cases this can be accomplished without client travel being required.  A requirement for public shareholder and director listings increases business transparency in both nations, and Healy Consultants can aid clients in fulfilling statutory government requirements for financial documentation.

Although domestic and international income generated is taxed at a rate of 30% in Australia and 33% in NZ, Healy Consultants assists clients with tax planning strategies to maximise opportunities provided by both countries. For example, non-resident New Zealand companies can be legally tax exempt for foreign sourced income and there is no capital gains tax after incorporating in NZ. Companies can make use of the Australian culture of innovation and the government's international property laws as they relate to patents and new technologies. Both nations maintain double taxation treaties with a variety of nations - particularly China and the US.

Ranked 2nd and 3rd respectively in the United Nation's Human Development Index, which measures standard of living, GDP, and education and healthcare services, Australia and New Zealand are desirable modern residential countries. Enriched with cultural as well as economic opportunities, NZ and Australian cities dominate the top 5 cities in the pacific, with Wellington NZ ranking 4th in the world in the Mercer 2010 quality of living survey. After company incorporation, Healy Consultants can even help clients secure employment and residence passes.

The requirements for setting up of a company in Australia or New Zealand can vary significantly, due to different state and federal laws. Engaging a professional service firm can be of immense benefit to entrepreneurs looking to invest in either country via company incorporation.  Such firms can use experience gained from a variety of scenarios to simplify the company setup process, hence saving time while ensuring all regulatory requirements are met.