Main Characteristics and the basic rules of Company registration in Australiia
Do you have a plan to take your business to a country with track record of steady economic growth and a business-friendly socio-political environment? If the answer is yes, Australia is an ideal choice. It offers unmatched economic resilience, stable political scene and low-risk environment- which are ideal for any business. Which other country has the track record of steady annual economic growth compassing 2 decades! No wonder, more and more investors are getting onto Australian shores with each passing year. However, setting up an offshore company in Australia is not easy. There are tons of paper works involved and which is why you need to opt for our Australia Company Formation service.
Before taking your venture to any foreign country, you have to think of the economic growth and stability of the country. In this regard, Australia is way ahead of other countries. The Australian economy is characterized by its unmatched adaptability to changes in global economy and strong institutions. It is in fact, the 13th largest economy of the world. The leading global rating agencies have rated it as AAA.
Australia is suitable for nearly any kind of business venture expansion. Its services-based economy is ideal for ventures belonging to sectors like healthcare, wealth management, tourism, education, mining and many more. The agricultural commodity production is also superb.
When you take your business for expansion in foreign shores, availability of labor is a concern. As the venture want you want both skilled and affordable workforce- beyond doubt. Thankfully, labor force is not going to be a factor when you choose Australia for business expansion. The multilingual skills and education of level of labor force here will suit your business requirements. The culturally diverse workforce is an USP of Australia from business expansion perspective.
Business expansion and growth on any foreign territory depends to a large extent on stability of government and political scene. In this regard, Australia is among top contenders for venture owners from abroad. The robust regulatory system with strong banking regulations and stable institutional frameworks eliminate risks of unexpected economic upheavals. You will be able to get office space and other required stuffs at affordable rates-so initial investments will not be steep. Its trade agreement laws make things smooth for venture owners.
However, you will require some assistance while setting up business in Australia. To ensure you stay clear on legal issues pertaining to business expansion in Australia and learn other formalities, expert assistance and Australia Company Formation consultancy is required. In this regard, BRIS group is your ideal choice. We will make your business expansion to Australia hassle free. So, for all your Australia Company Formation requirements, get in touch with us for details.
Australia Company Formation
|Taxation:||Yes. Corporation tax 30%|
|Double Taxation Treaty Access:||Yes, Australia has tax treaties with other countries to foster cooperation between Australia and other international tax authorities.|
|Australia Tax Information Exchange Agreements:||Yes, Australia signed Exchange Agreements|
|Account Filing Requirements:||Yes accounting / reporting requirements|
|Annual Return Filing Requirements:||No annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
Australia Company Registration
|Share Capital:||No min. share capital|
|Classes of Share Available for Australia company formation:||Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value|
|Bearer Shares:||Not Allowed|
|Registered Office Required:||Yes, required and must be maintained in Australia|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality but at least 1 must be resident of Australia. Corporate directors are not allowed|
|Your Company language:||English|
|Name of your Company must be ended:||“Proprietary Companies Limited by Shares Unlimited with Share Capital “|
|Documents required for Canada company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
Australia Company Formation
|For Australia company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||None|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
Australia Company Formation
Confidentiality and Security
|Publicly Accessible Records:||Yes, accessible.|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Stable jurisdiction and great reputation.|
|Region:||Australia is a country and continent surrounded by the Indian and Pacific oceans. Its major cities – Sydney, Brisbane, Melbourne, Perth, Adelaide – are coastal. Its capital, Canberra, is inland.|
|Political System:||A constitutional monarchy is one where the powers of the monarch or sovereign—the King or Queen—are limited by law or convention, and generally exercised only according to the advice of an elected government.|
|Governing corporate legislation:||Corporations Act 2001|
|Type of Law:||Common|
|Currency:||Australian Dollar (CAD)|
|Language of Legislation and Corporate Documents:||English.|
|Time Zone:||GMT +11 .|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.