Setting up a business in Australia is simple. This is reflected in Australia's good ranking as the world's 9th-easiest place to do business in the World Bank's Doing Business 2008 Survey.

Setting up a business in Australia is attractive to foreign investors because of the country's reputation for having a free, investor-friendly economy. For example, Australia's economy is ranked the world's 4th freest in the 2007 Index of Economic Freedom by The Heritage Foundation.

Investors setting up a business in Australia face high corporate taxes of 30% on worldwide-sourced income. However, an Australian company can access the network of double taxation treaties Australia has signed with many countries around the world. After setting up a business in Australia, it is necessary to submit annual audited financial statements and a corporate tax return to the Australian tax office.

When setting up a business in Australia, only one director and shareholder is required. However, at least one company director must be Australia-resident. Nominee directors are one of our business start up services in Australia.

When setting up a business in Australia, the company secretary must reside in Australia. Healy Consultants will also supply a resident company secretary for our clients as part our business start up services in Australia.

As part of our business start up services in Australia, Healy Consultants assists clients setting up a company in Australia to open multi-currency corporate bank accounts with leading international banks in Australia such as HSBC and Standard Chartered.

Other business start up services in Australia include:

Conducting market research and feasibility studies for our clients prior to starting a company in Australia;

Attending to corporate and personal tax registration with our accounting services after setting up a business in Australia;

Virtual office services, including mail collection and forwarding services in Australia, an e-mail address and website, and a telephone and fax number in Australia.

Assistance in finding office space and staff recruitment as part of our Human resource support after setting up a business in Australia;

Book keeping and audit of financial statements; and

For more information on business start up services in Australia or any other aspect of setting up a business in Australia, email email@healyconsultants.com or call us in Sydney at +61 280 147 568

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