Incorporate a Company in Australia

Entrepreneurs looking to incorporate a company in Australia can benefit from an excellent corporate vehicle through which to conduct business in Australia, and internationally. The following information will help you determine whether to incorporate a company in Australia.
Advantages of Incorporating a Company in Australia
1.	The process to incorporate a company in Australia is quick and simple. According to the World Bank's Doing Business 2010 Survey, Australia is the world's 9th easiest place to do business across a range of factors. For the aspect of starting a business, Australia ranks 3rd.
2.	An Australian business displays an excellent image to your customers and suppliers.
3.	The Australian Government permits 100% foreign ownership, making it attractive to business people who incorporate a company in Australia.
4.	If choosing to incorporate a company in Australia, note that the Australian Companies Act requires only one resident director and shareholder.
5.	It is easy to open corporate bank accounts all over the world having incorporated a company in Australia. Healy Consultants will assist you obtain a corporate bank account with international, reputable banks such as HSBC, Standard Chartered and Citibank.
6.	Investors wishing to incorporate a company in Australia can benefit from no minimum capital requirement.
7.	The Australian government offers a range of incentives to entrepreneurs wishing to incorporate a company in Australia. The Australian Trade Commission (AUSTRADE) is the Australian Government’s trade and investment development agency and offers assistance with training, research & development (R&D) and export market development; streamlined immigration procedures; sales tax exemption for selected used equipment and introductions to relevant government agencies and professional service providers for business people.
8.	Investors are provided with various incentives by the Australian government when they incorporate a company in Australia. For more information refer to the Australia Investment Incentives webpage.
Disadvantages of Incorporating a Company in Australia
1.	When incorporating in Australia, the entity is liable for 30% corporation tax for income generated in Australia and internationally.
2.	To incorporate a company in Australia at least one company director must be resident in Australia. Investors wishing to incorporate a company in Australia should also note, the company secretary must reside in Australia.
3.	An Australian company must submit annual accounts, tax returns and undergo an audit.
4.	Investors wishing to incorporate a company in Australia should note that a register of shareholders and directors is available for public viewing. A public register enhances commercial transparency in Australia.
Contact Us
For additional information on how to incorporate a company in Australia, email email@healyconsultants.com or call us in Sydney at +61 280 147 568
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