Fees and timelines in 2023
Fees
Australia company incorporation costs in Year 1 amount to US$1,950 and annual company costs in Year 2 and thereafter amount to US$742. The average fee per engagement amounts to US$16,292, which includes company registration, opening bank accounts, providing a legal registered office address, and GST, TFN and ABN registration.
Different Australia entity types | Cost | Draft invoice |
---|---|---|
Tax resident LLC | US$16,292 | View invoice PDF |
Branch of a foreign company | US$$16,292 | View invoice PDF |
Representative office | AU$9,660 | View invoice PDF |
Representative office with resident representative | AU$15,570 | View invoice PDF |
Subsidiary LLC | AU$9,807 | View invoice PDF |
Holding company LLC | AU$9,807 | View invoice PDF |
Limited liability partnership | AU$9,637 | View invoice PDF |
Nominee services for one resident director | AU$6,910 | View invoice PDF |
Name reservation only | AU$590 | View invoice PDF |
LLC with employment visa | AU$15,757 | View invoice PDF |
Trading trust | AU$21,076 | View invoice PDF |
PLC company | AU$10,097 | View invoice PDF |
LLC without travel | AU$16,697 | View invoice PDF |
LLC with Bitcoin bank account | AU$13,097 | View invoice PDF |
LLC with one resident director | AU$16,697 | View invoice PDF |
Australia shelf LLC | AU$18,120 | View invoice PDF |
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Timelines
The average engagement period is 3 months as outlined below:
Service | LLC | Trading trust | LLP | PLC | Branch | Representative Office |
---|---|---|---|---|---|---|
Engagement planning | 1 week | 1 week | 2 weeks | 3 weeks | 2 weeks | 2 weeks |
Company incorporation period | 1 week | 3 weeks | 1 week | 2 weeks | 2 weeks | 2 weeks |
Bank account approval | 2 months | 2 months | 2 months | 2 months | 2 months | 2 months |
Internet banking approval | 1 week | 1 week | 1 week | 1 week | 1 week | 1 week |
Engagement completion | 1 week | 1 week | 1 week | 2 weeks | 1 week | 1 week |
Total engagement period | 3 months | 3 - 4 months | 3 months | 4 months | 3 - 4 months | 3 - 4 months |