Business formation in Australia is simple and cost-effective thanks to i) transparent Australia business set up formalities and ii) low government fees and minimum capital requirements. The following is an overview of the challenges and advantages of starting a business in Australia, as well as Healy Consultants' capabilities in this area.

Business formation in Australia is not tax-efficient. An Australian private limited company pays a corporation tax of 30% on global income and capital gains. A company is deemed Australia resident if i) it is incorporated in Australia ii) if its central management and administration is in Australia (even if it was formed in another jurisdiction) and iii)  if the company conducts business in Australia and its voting control is in the hands of resident Australian shareholders, even though it was incorporated in another jurisdiction or its central management is in another jurisdiction.

Starting a business in Australia takes up to 6 weeks, from the initial company incorporation application to receipt of all bank account material.

Additionally, a minimum of one director and one shareholder is required for Australia business set up. The director must be Australia-resident, but can be any nationality. There is a public register of directors and shareholders following business formation in Australia.

To support Australia business setup, Healy Consultants will open a multicurrency corporate bank account for our clients with leading international retail banks in Australia, including HSBC, Standard Chartered and Citibank.

To support business formation in Australia, Healy Consultants helps obtain Australia residence and employment visas for our clients and their expatriate staff.

After starting a business in Australia, some clients request assistance in preparing and submitting annual financial statements to the Australia Taxation Office.

Following business formation in Australia, Healy Consultants provides Australia virtual office services. To support Australia business setup, Healy Consultants provides a local business address in Australia for invoicing, as well as telephone, fax and email support.

Following Australia business set up, Healy Consultants builds websites and launches search engine advertising and optimisation campaigns, as well as stationery and logo design.

Having completed business formation in Australia, Healy Consultants assists clients to obtain corporate finance, trade finance and open merchant accounts.

After starting a business in Australia, Healy Consultants welcomes client feedback on the Australia business set up engagement.

For more information starting a business in Australia, contact email@healyconsultants.com or telephone us in Sydney at (+61) 280 147 568