Australia company registration


pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Since 2003, Healy Consultants Group has assisted our Clients to register a company in Australia. Our services include i) registration of company in Australia; ii) government license registration; iii) corporate bank account opening services in Australia and abroad; iv) employee recruitment services; v) visa strategies; and vi) office rental solutions in Sydney and other Australian cities.

Compare different Australian entities Tax resident LLC Trading trust Branch office Representative office LLP
Entity locally known as Pty. Ltd. Trading trust Branch RO LLP
Best use of company? All products and services Only pay tax on distributions Completing projects without an office Marketing and research Professional services
Legally tax exempt if properly structured? No Yes No Yes Yes
Corporate bank account location? Westpac ANZ New Zealand Standard Chartered HSBC Commonwealth
Client must travel to Australia? No No No No No
Australia Resident director/partner/manager required? Yes Yes Yes Yes Yes
Can secure trade finance? Yes No Yes No Yes
Limited liability entity? Yes Yes No No Yes
GST payable on sales to local customers? 10% 10% 10% No 10%
Withholding tax on dividends to foreign shareholders? 30% 30% 30% No 30%
Australia tax payable on worldwide income? Yes No Yes No No
Average total engagement costs? US$16,292 AU$21,076 US$16,292 AU$9,660 AU$9,637
Average total engagement period? 2 months 3 months 2 months 2 months 2 months

See full table

Accounting and tax considerations Tax resident LLC Trading trust Branch office Representative office LLP
Statutory corporation tax payable? 25% for SMEs, 30% otherwise 0% 25% for SMEs, 30% otherwise 0% 0%
Must file an annual Australia tax return? Yes Yes Yes Yes Yes
Must file annual financial statements? Yes Yes Yes Yes Yes
Investment income is legally tax exempt in Australia? No No No No No
Access to double taxation treaties? Yes No Yes No Yes
Monthly GST reporting to the Government? Yes Yes Yes No Yes
Legally tax exempt entity? No Yes No Yes Yes
Must appoint a public officer? Yes Yes Yes Yes No
Dividends received are legally tax exempt? No No No No No
Company registration Tax resident LLC Trading trust Branch office Representative office LLP
Minimum number of shareholders/partners/beneficiaries? 1 1 Parent company Parent company 2
Minimum number of directors/managers/trustees? 1 1 1 1 2
Director ID required for directors in all entities Yes Yes Yes Yes Yes
Minimum paid up share capital? None None None None None
Shelf companies available? Yes No No No No
Time to incorporate a new entity? 1 week 3 weeks 2 weeks 2 weeks 1 week
Can easily convert to a local PLC company? Yes No No No No
Can have preference shareholders/partners/beneficiaries? Yes Yes No No Yes
Business considerations Tax resident LLC Trading trust Branch office Representative office LLP
Can invoice local customers? Yes Yes Yes No Yes
Can hire local staff? Yes Yes Yes Yes Yes
Can rent local office space? Yes Yes Yes Yes Yes
Secures a residence visa for business owner? Yes No Yes Yes Yes
Good entity for trademark registration? Yes No Yes No No
Australia has signed free trade agreements (click link)? Yes, see AU FTAs page
This country is a member of WIPO and TRIPS? Yes
This country is a member of the ICSID? Yes
Average custom duties suffered? 1.9%
Government foreign investment approval required? No
Average monthly office rental? (US$ per sq m) A$54
Minimum statutory monthly salary? AU$2,600
Average monthly US$ salary for local employees? AU$6,500
Australia $ deposit interest rate? (1 year average) 2.5%
US$ deposit interest rate? (1 year average) 0.75%
Overseas remittance currency controls? No
Public registrar of shareholders and directors? Yes
Banking considerations
Multi-currency bank accounts available? Yes
Corporate visa debit cards available? Yes
Quality of e-banking platform? Excellent
Crowd funding available in this country? Yes

Australia business setup summary

  1. Starting a business in Australia is straightforward, with incorporation typically taking one week. Besides an LLC, some of our Clients set up either branch or representative offices. Some of our Clients opt for our Australian turnkey solution if they need to urgently close business deals in Australia. See this page for information on average Australia engagement timelines;
  2. A key challenge for a foreigner looking to start a business in Australia is to fulfil the statutory requirement for an Australia-resident director. Healy Consultants Group offers professional Australia resident director services if required;
  3. An Australian company is subject to a standard federal corporate income tax of 30%. See this page for a comparison of Australian States;
  4. Company registration in Australia can be completed with a capital of A$1. There is no need to open a corporate bank account in Australia and the company can have an overseas account;
  5. Australian immigration rules are tight. See this page for further information on how to relocate to Australia.

Press the link headings below to read detailed, relevant, up to date information.

  • Benefits and problems

    Benefits of doing business in Australia

    Australia business registration advantage

    • Private company registration in Australia is straightforward because:
      • An Australian company can be registered with a capital of A$1 by one director and one shareholder of any nationality. Healy Consultants Group will provide our Client with their Australian Company Number (CAN) and Tax File Number (TFN) within one week. Australian Business Number (ABN) registration can, however, take up to six weeks;
      • Australia is home to a large number of reputable local and international banks. Healy Consultants Group has excellent relationships with these banks, and our Clients can open bank accounts without travelling to Australia;
      • Australia is considered one of the world’s best locations for starting a business.
    • An Australian company can access a range of incentives and agreements:
      • Australia has a wide network of Free Trade Agreements with countries and economic blocs around the world;
      • The Australian Trade Commission (Austrade) helps Australian companies find overseas markets for their products and services. Austrade also identifies potential investment projects and strategic alliance partners for those intending to pursue Australia business registration;
      • Our Clients registering an Australian company enjoy a reduced tax rate of 26% (compared to the previous corporate tax rate of 27.5%) if aggregated annual turnover is less than A$2 million;
      • Australia is ranked in the top 10 of OECD member states for its total expenditure on research and development (R&D);
      • Dividends and capital gains received from Australian and global subsidiaries are subject to a reduced corporate tax rate of 15% if i) the shares have been held for one year and ii) they represent over 10% of the subsidiary’s share capital.
    • Australia has an ideal ecosystem to set up and grow businesses because:
      • It is economically and politically stable, with an efficient regulatory system;
      • Inflation is low, with a strong focus on economic growth;
      • Australia is technologically-advanced with an innovative work force;
      • The country is seen as an Asia Pacific business hub by other major regional economies.
    • An Australian company is the perfect corporate vehicle for starting a new business since it enjoys an excellent reputation amongst Clients, suppliers, investors, and venture capitalists;
    • Australia is an easy country in which to operate a business, since i) the language of business is English ii) Australia has a well-educated labour force and iii) the country has a well-developed financial sector.
    • All documents required for Australia company formation need only be notarised. There is usually no need to legalise them at the Australian embassy in the country where our Client lives;
    • As Australia’s economy grows and its middle class expands (around Asia Pacific), more services will be demanded, and these services will open up new market opportunities;
    • The Australian economy is thriving, and several key export markets provide attractive international business prospects.

    Problems with doing business in Australia

    • Australian regulations require all directors of an Australian business to secure a DIN number with the Australian ABRS, before being appointed as director. Currently, it takes up to 3 months for such number to be issued. Fortunately, Healy Consultants Group has a legal workaround solution to ensure that this step does not generate delays for incorporation of our Clients’ Australian companies.
    • In accordance with Section 201A of the Australia Corporations Act 2001, every Australian Company must have at least one director who is ordinarily resident in Australia. Most of our Clients request Healy Consultants Group to provide the Australia resident director. If required, Healy Consultants Group’s resident director service fee amounts to A$5,910 per year;
    • Domestic and international income is subject to a standard corporation tax rate of 27.5%. Furthermore, every company is required to submit annual audited financial statements and a corporate tax return to the Australian Taxation Office (ATO). An audit exemption is granted if company sales revenues are less than A$100,000;
    • There is a public register of shareholders and directors. Although this limits privacy, it enhances commercial transparency in Australia;
    • Australia restricts foreign investment in the following sectors:
      • Residential real estate;
      • Media;
      • Telecommunications;
      • Transport;
      • Defence-related industries;
      • Encryption and security technologies;
      • Communications systems;
      • Uranium or plutonium extraction;
      • Nuclear facility operations.
    • The requirements around business regulatory licensing varies according to State. It is important our Client carefully checks licensing requirements in each State in which our Client plans to do business.
    • There is a 75% probability Australian banks will require to meet a director or bank signatory at their branch, before agreeing to onboard a new customer. Healy Consultants Group will aggressively negotiate for a waiver for this inconvenient requirement
    • Australian banks often require bank signatories to ring them for banking matters, but most of them only pick up calls during Australian business hours, which can be cumbersome for European and USA businessmen due to the difference in time zone.
    • Many Australian banks are reluctant to onboard small businesses. For example, one bank in Australia requests businesses to have a minimum annual turnover of A$50 million to be onboarded.
    • Other reasons Australian banks give for rejecting new accounts include i) due to security and compliance reasons they are unable to verify new Clients based overseas ii) all new Clients must have an Australian ABN and Australian Securities and Investments Commission (ASIC) listing and must attend the Australia bank branch for verification iii) only opening accounts for wholly-owned by Australian companies (i e they will not onboard a company which is beneficially owned by companies not registered in Australia).
    • The federal Goods and Services Tax (often known as VAT) in Australia is 10% of the total. Medical items, food, and financial supplies are examples of things that can be GST-free (zero rated) or input charged. Exceptions are not always as straightforward as they seem, so clarify how GST applies to the goods or services you offer, as well as the GST implications.
    • All incoming directors, along with existing directors, of an Australian company must register with ASIC for a director ID. For a newly-formed company, this step must be undertaken before the company is incorporated. This step adds cost to an engagement.
    • Top-tier Australian banks now require Clients to travel to meet a bank officer. As always, Healy Consultants Group will aggressively negotiate for a travel exemption.
    • After April 2022, registration of Australian entities may be delayed by up to two weeks as all directors have to obtain a Director Identification Number before a company registration application can be submitted to the Australian Securities and Investments Commission (ASIC).
  • Best uses for an Australian company

    1. Healy Consultants Group recommends an Australian company as the ideal regional Asia Pacific base because:
      • There are a number of new growth industries emerging including i) cryptocurrency exchanges ii) online food and grocery delivery platforms iii) ride share and car share services iv) organic crop farming v) solar power and vi) IT consulting;
      • Australia is an excellent base from which to market products and services to stakeholders in New Zealand and the Pacific Islands.

Tell us what you need - we’ll send you a customised proposal in 5 hours!

Social Media content writer questionnaire

To help increase our brand awareness and credibility, Healy Consultants Group publishes quality content on our own Blog, Social Media channels and also on Quora.

We are looking for quality professional content writers for the above channels. If you are interested in working with Healy Consultants Group, please complete the 5-minute questionnaire below. Within a week, our Marketing Department will email revert to you with follow up questions and finally with a draft partnership agreement.

    • How can you help us?

      Do you have experience writing for a company in Healy Consultants Group ’s specific industry (corporate services related to business, banking, legal)?

      Do you have experience writing i) blog posts ii) press releases iii) Quora answers and blogs iv) posts on Social Media channels?

      If yes, please explain how you can help Healy Consultants Group?

      Please include below a sample of your professional services and their respective fees:*

      Please read our blog. What are your ideas to improve engagement or social share?

      Please read our blog. What are your ideas for new content suitable for our target readers?

      What are you expecting from Healy Consultants Group when starting a new writing project?

      Do you have a specific plan for new projects? Describe the steps you are taking when preparing to write.

      Do you conduct research when preparing for a new project? If yes, please describe the process.

      Do you make your text content SEO-friendly? If yes, how?

      Do you have a specific strategy to increase engagement or social media share for your content?

      Please describe your experience with non-text content (images, infographics, etc.), if any. Please share the relevant links with us.

      Describe your proofreading/editing process, if any.

      Within what timeframe will you be able to send Healy Consultants Group the deliverables?

    • Tell us about you

      When and why did you become a writer?

      What is your portfolio up to date? Please share links to your relevant Blog(s) and Social Media channels.

      What is the highest engagement/social share of your content (text or image)?

      What kind of content (text, non-text, what subjects) do you usually work on?

      What are you currently working on?

      Do you stay up to date with the writing rules? If yes, please describe how?

      How does your work schedule look for the next 6 months?

      How do you prioritize and manage deadlines?

      To ensure we partner with a quality professional services firm or individual, what detailed due diligence can you supply to Healy Consultants Group in-house Legal and Compliance Department?*

    • Your preferences

      Your name?*

      Your phone number?*

      Your email address?*

      Your alternative email address?*

      Where are you based now? And in 6 months?

      If English is not your native language, what is your proficiency?*

      What is your Skype ID?

      What is your WhatsApp number?

      In what language do you prefer Healy Consultants Group to communicate with you?

    Contact us

    For additional information on our business registration services, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
    client relationship officer - Simon
    australia-taxation australia-acci australia-asic
    australia-government australia-icaa australia-register