Company Formation in Australia
Asia-Pacific
Overview
Australia is a highly attractive destination for company registration, known for its significant investment appeal, high level of deposit protection, and legitimate tax reduction strategies. It operates with offshore capabilities, offering privileges without the typical drawbacks of traditional tax-preferential jurisdictions. Australia allows for the formation of foreign company branches and various local business entities.
Our Process
Step 1: Application & Name Confirmation
Submit the application, company constitution, and obtain name confirmation from the Australian Securities and Investments Commission (ASIC). Provide details for all company participants. For foreign firms, apostilled registration data from their home country is required.
Step 2: ASIC Registration
Formal registration with ASIC is mandatory for all newly formed legal entities, typically within 7 days.
Step 3: Tax & Bank Account Setup
Obtain an Australian Business Number (ABN), register with the tax authorities, and open a corporate bank account.
Step 4: Initial Accounting & Ongoing Compliance
Engage licensed accountants for initial bookkeeping. Ensure timely reporting of any changes to the organization (e.g., legal address, director composition, share distribution) to the controlling authorities within 28 days, often managed by a hired corporate secretary.
Key Requirements
- ASIC company name confirmation
- Company constitution
- Details of all shareholders and directors
- Minimum 1 director
- Registered local address
- Company secretary
- Australian Business Number (ABN)
- Corporate bank account