By forming a company in Australia, investors can benefit from an excellent corporate vehicle through which to conduct business in Australia and internationally. The following information will help you determine if forming a company in Australia meets your business objectives. |
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| Advantages of forming a company in Australia | ||
| 1. | Entrepreneurs forming a company in Australia can benefit from international corporate bank account opening, together with world-class multi-currency Internet banking with international, reputable banks such as HSBC, Standard Chartered and Citibank. |
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| 2. | There are no minimum capital requirements when forming a company in Australia. |
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| 3. | Only one resident director and shareholder is required when forming a company in Australia. |
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| 4. | The Australian Government permits 100% foreign ownership, making it attractive to business people forming a company in Australia. |
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| 5. | Entrepreneurs forming a company in Australia should note that the Australian Companies Act requires only one resident director and shareholder. |
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| 6. | Forming a company in Australia is quick and simple. According to the World Bank's Doing Business 2008 Survey, Australia is one of the world's easiest place to do business across a range of factors including company start up procedures, time, cost and minimum capital required when forming a company in Australia. |
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| 7. | The government provides various incentives to investors both during and after incorporating a company in Australia. Refer to Healy Consultants Australia Investment Incentives webpage for more information. |
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| Disadvantages of form a company in Australia | ||
| 1. | When forming a company in Australia, the entity is subject to corporation tax for income both generated in Australia and internationally. |
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| 2. | Entrepreneurs forming a company in Australia should note that at least one company director must be resident in Australia. Further, the company secretary must also be reside in Australia. |
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There is a public register of shareholders and directors of every Australian company after forming a company in Australia. |
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4. |
After forming a company in Australia, an annual account must be submitted, along with a tax return and undergo an audit. |
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| Other Information on form a company in Australia | ||
| Refer to the following links for more information on forming a company in Australia: | ||
| i) | Australia Jurisdiction Summary | |
| ii) | Australia Corporate Bank Account | |
| iii) | Other services to support Australia company set up | |
| iv) | Frequently Asked Questions about Australia company formation | |
| v) | 10 things you might not know about Australia. | |
Contact Us |
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For more information on forming a company in Australia, email email@healyconsultants.com or call us in Sydney at +61 280 147 568 |
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Back to Australia Company Formation page. |
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