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A properly structured Australia private limited company is an ideal corporate vehicle through which business in Australia, and internationally, can be conducted. The following information will help you determine whether forming a Company in Australia meets your business objectives.
Advantages of forming a Company in Australia
1. An excellent image is projected to your customers and suppliers with an Australian business.
2. Only one resident director and shareholder is required when forming a Company in Australia.
3. 100% foreign ownership is permitted when forming a Company in Australia.
4. There are no minimum capital requirements when forming a Company in Australia.
5. It is easy to open corporate bank accounts all over the world after forming a Company in Australia.
6. Australia is one of the easiest places in the world to do business according to a World Bank survey, (the survey can be seen here).
7. The government provides various incentives to investors both during and after incorporating a Company in Australia. View our page on Australia Company Incorporation.
Disadvantages of forming a Company in Australia
1. Forming a Company in Australia means the firm is subject to corporation tax for income both generated in Australia and internationally.
2. At least one Company director must be resident in Australia when forming a Company in Australia.
3. When forming a Company in Australia, the Company Secretary must be an Australia resident.
4. There is a public register of shareholders and directors of every Australian Company after forming a Company in Australia.
5. After forming a Company in Australia, an annual account must be submitted, along with a tax return and undergo an audit.
Other Information on forming a Company in Australia
Refer to the following links to read more information on forming a Company in Australia:
Contact Us
For additional information on forming a Company in Australia, contact email@healyonsultants.com or call Healy Consultants at +61 280 147 568.
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