Australia company registration

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Australia company registration

Since 2003, Healy Consultants guides clients to enter the Australian market by assisting with i) company registration ii) securing regulatory government licenses iii) providing company secretarial and office space services iv) employee visa application and v) opening of business bank accounts.

Australia entitiesTax resident LLCTrading trustBranch of a foreign companyRepresentative OfficeLimited Liability Partnership
Summary
Best use of company?All products and servicesOnly pay tax on distributionsCompleting projects without an officeMarketing and researchProfessional services
Legally tax exempt if properly structured?NoYesYesYesYes
Corporate bank account location?WestpacANZ New Zealand Standard CharteredHSBCCommonwealth
Client must travel to Australia?NoNoNoNoNo
Can secure trade finance?YesNoYesNoYes
Limited liability entity?YesYesNoNoYes
GST payable on sales to local customers?YesYesYesNoYes
Withholding tax on dividends to overseas shareholders?NoneYesNoneNoneYes
Australia tax payable on worldwide income?YesNoNoNoNo
Average total engagement costs?AU$6,997AU$15,776AU$7,990AU$6,900AU$7,400
Average total engagement period?5 weeks7 weeks6 weeks6 weeks5 weeks
Accounting and tax considerations
Statutory corporation tax payable?30%0%30%0%0%
Must file an annual Australia tax return?YesYesYesYesYes
Must file annual financial statements?YesYesYesYesNo
Access to double taxation treaties?YesNoYesNoYes
Monthly GST reporting to the Government?YesYesYesNoYes
Must appoint a public officer?YesYesYesYesNo
Legally tax exempt entity if properly structured?NoYesYesYesYes
Access to free trade agreements (click link)?YesYesYesNoYes
Company registration
Australia resident director\partner\manager\trustee required?YesYesYesYesYes
Minimum number of shareholders\partners/beneficiaries?11Parent companyParent company2
Minimum number of directors/managers/trustees?11112
Minimum paid up share capital?AU$1AU$1AU$0AU$0AU$2
Shelf companies available?YesNoNoNoNo
Time to incorporate a new entity?1 week3 weeks2 weeks2 weeks1 week
Can easily convert to a local PLC company?YesNoNoNoNo
Can have preference shareholders\partners\beneficiaries?YesYesNoNoYes
Business considerations
Can invoice local customers?YesYesYesNoYes
Can hire local staff?YesYesYesYesYes
Can rent local office space?YesYesYesYesYes
This entity can secure a residence visa for business owner?YesNoYesYesYes
Good entity for trademark registration?YesNoYesNoNo
Public registrar of shareholders and directors?YesYesYesYesYes
Average monthly office rental? (US$ per sq m)A$54
Minimum statutory monthly salary?A$2,600
Average monthly US$ salary for local employees?A$6,500
Australia $ deposit interest rate? (1 year average)2.5%
US$ deposit interest rate? (1 year average)0.75%
Overseas remittance currency controls?No
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Excellent
  • An Australian LLC requires only AU$1 as paid up capital, one shareholder and at least one director resident in Australia;
  • An Australian LLC is able to minimize withholding tax through 50 international double taxation treaties;
  • Foreign entities that establish a local presence in the country have access to an array of government incentives through Austrade;
  • Corporate tax levied on Australian companies is 28%, however dividends and capital gains can be reduced to 15%.

Healy Consultants’ video on registering a business in Australia

Frequently asked questions

Contact us

For additional information on our business registration services in Australia, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Karen Lee, directly:
client relationship officer - Karen
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