Starting a Company in Australia
International entrepreneurs starting a company in Australia can benefit from Australia's advanced economy and infrastructure. On the other hand, Australia is a high tax jurisdiction with very complex tax regulations, and this deters some investors from starting a company in Australia. The following is an overview of the challenges and advantages of starting a company in Australia. |
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| 1. | Starting a company 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. |
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| 2. | Starting a company 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 3rd-freest in the 2007 Index of Economic Freedom by The Heritage Foundation. |
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| 3. | Investors starting a company 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 starting a company in Australia, it is necessary to submit annual audited financial statements and a corporate tax return to the Australian tax office. |
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| 4. | When starting a company in Australia, only one director and shareholder is required. However, at least one company director must be Australia-resident. Healy Consultants can provide clients nominee director services to satisfy this requirement. |
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| 5. | When starting a company in Australia, the company secretary must reside in Australia. Healy Consultants will also supply a resident company secretary for our clients. |
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| 6. | Healy Consultants assists clients starting a company in Australia to open multi-currency corporate bank accounts with leading international banks in Australia such as HSBC and Standard Chartered. |
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| 7. | Healy Consultants provides additional support services for clients who completed starting a company in Australia, including: |
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| i) | Conducting market research and feasibility studies for our clients prior to starting a company in Australia. |
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| ii) | 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. |
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| iii) | Assistance in finding office space and staff recruitment as part of our Human resource support after starting a company in Australia; |
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| iv) | Book keeping and audit of financial statements; and |
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| v) | Attending to corporate and personal tax registration with our accounting services after starting a company in Australia. |
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| Contact Us | ||
For more information on starting a company in Australia, email  or call us in Singapore at (+65) 6735 0120. |
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Back to Australia company formation page. |
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