Forming a Company in Australia

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.
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.
2.	There are no minimum capital requirements when forming a company in Australia.
3.	Only one resident director and shareholder is required when forming a company in Australia.
4.	The Australian Government permits 100% foreign ownership, making it attractive to business people forming a company in Australia.
5.	Entrepreneurs forming a company in Australia should note that the Australian Companies Act requires only one resident director and shareholder.
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.
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.
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.
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.
3.	There is a public register of shareholders and directors of every Australian company after forming a company in Australia.
4.	After forming a company in Australia, an annual account must be submitted, along with a tax return and undergo an audit.
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
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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