If your business is going great guns and you are looking at Australia as a country where you can expand your business, you have come to the right place, as we offer valuable information for those who wish to register their company in Australia.
Various Business Registration Options
There are 3 main types of business entity, which are as follows:
Registered Foreign Company
A foreign business must register with ASIC in order to do business in Australia, with the parent company holding liability. A long-term option that requires a Local Agent and a Resident Public Officer, while annual tax returns must be filed.
PLC Private Limited Company
The most popular option, a PLC offers limited liability; ASIC registration is required, as are a Resident Director and a Resident Public Director, while annual tax returns must be filed. This is a long-term trading entity that takes one month to set up.
Representative Office
If you would like to carry out some market research into the Australian market before you commit to a trading entity. No representative officer is required and the parent company is liable. You do not need to register with ASIC and no company officers are required.
Of course, you might not be sure which is right for you; your international lawyer who facilitates company registration companies can fully explain the pros and cons of each type of business entity. The legal expert can advise you and also can connect you with a wide range of business services.
Remote Business Management
The international law firm that handles your business registration is very well connected with local service providers, companies you can trust; bookkeeping, accounting, writing reports and signing forms can all be remotely outsourced. Provide access to your cloud and 3rd parties can login and do what they have to do. There are top-rated staffing agencies to fill all key positions.
The Importance of Compliance
Like any other developed nation, Australia has complex laws and rules regarding commerce and the last thing you need to be in breach of regulations; this could lead to a heavy fine, or worse, depending on the situation. When you connect with the right international law firm, you are assured of the best service and the advice you need to be able to make good decisions; there are many options withing the commerce structure and your lawyer will bring this to your attention.
Bookkeeping & Accounting
If you are opening an office in Sydney, all your bookkeeping and accounting can be handled by a local provider. Tax returns must be filed according to timelines and records submitted when requested; you can forget about this when you use a local company with an excellent track record.
Sales & Marketing
Local companies are ready to set up telephone lead generation, branding is another consideration if you are creating a new product line, for example. Third-party business services are the most effective way to run a company remotely and your cloud offers global access to authorised personnel. From logo design to customer support, everything can be managed remotely with outsourcing.
Setting up a business in Australia requires that you connect with the right law firm, one with offices in Sydney and Melbourne, with hands-on experience helping foreign investors to establish a business entity.