Australia company

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Australia Company Formation

Australia, officially the Commonwealth of Australia, is a sovereign country comprising the mainland of the Australian continent, the island of Tasmania and numerous smaller islands. It is the largest country in Oceania and the world’s sixth-largest country by total area. The neighboring countries are Papua New Guinea, Indonesia and East Timor to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east. Australia’s capital is Canberra, and its largest city is Sydney.

Australia is the only country in the world which occupies an entire continent. It is a federation which consists of six states and two territories. The official Head of State is the Queen of the United Kingdom, whose representative in Australia is the Governor-General.

Known worldwide as a highly developed country with a standard level of taxation and a high rating in international business circles, Australia does not have the reputation of a country with a privileged tax system, and therefore enjoys a good image with entrepreneurs and government bodies.

Ranked as the world’s 12th largest economy, Australia is a member of the G20, OECD, WTO, APEC, UN, Commonwealth of Nations, ANZUS and the Pacific Islands Forum. English is the de facto national language.

Australian Proprietory Limited by Shares (Pty. Ltd.) Companies are not considered as offshore companies.

Company Law consider a company which intends to do business in Australia must 1) Register with the Australian Securities and Investment Commission (ASIC) 2) Apply for an Australian Business Number (ABN) 3) and apply for a Tax File Number (TFN) and 4) register for GST.

Australia Company Formation

Australia Company Formation Advantages

  • Double-tax agreements with almost 45 countries, residence certificate, GST Number, ACN/ABN Number;
  • Credibility and prestige for your worldwide partners, having your resident non-offshore company;
  • 30% Corporation tax rate.If properly structured, corporate tax can be very well optimized; The 27.5% rate for ‘small business’ entities;
  • There are no restrictions on foreign Shareholders. At least one Director must be a resident of Australia, other Directors may be from any legal jurisdiction;
  • There is no paid up capital requirement;
  • Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Australia on certain conditions;
  • Nominee services are available;
  • Board Meetings can be held anywhere in the world. However, in order for the company to be tax resident in Australia, board meetings should be held in Australia for establishing management and control in Australia.

Australia Company Formation Advantages

General Information 
Type of companyProprietory Company Limited by Shares (Pty. Ltd.)
Corporate LegislationAustralia Corporations Act 2001 Legal system: Common Law
TaxationStandard Corporation Tax – 30%
Tax on Dividends for foreigners – 0%, on certain conditions;
Standard GST rate – 10%
CurrencyAustralian Dollar (AUD)
Paid up capital requirementNo paid up capital required
Time zoneGMT (UTC) +8, GMT (UTC) +10
Directors
Minimum no. required1, individual
Local Director requiredYes, at least one Director must be a resident of Australia, other Directors may be from any legal jurisdiction (can provided by Consil Formation)
Location of MeetingsAnywhere
Shareholders
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredOptional
Local Secretary requiredIf appointed, a Secretary must be a resident of Australia.
Registered office requiredYes, local
Share Capital
Standard CurrencyAUD($)
Standard Authorized CapitalAUD 1,000
Minimum paid up capital1 AUD
Accounting Requirements
Preparation of accountsRequired every year(can be completed by Consil Formation)
Requirement for auditOnly if Large proprietary company - consolidated revenue > $25 million
Accounts public accessibleFile Accounts only if Audit Required. Publicly Accessible Accounts only if filed
Requirement to file Annual ReturnNo
Further Information
Bearer sharesNo
ConfidentialityYes
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Company Formation Fee

  • Company Formation – with all services included for the first year: €2.400;
  • Certificate of Registration of a Company, issued by the Australian Securities & Investments Commission (ASIC);
  • The Constitution of the Company, certified by the Australian Securities & Investments Commission (ASIC);
  • Application for registration as an Australian Company, confirming the Registered Address of the Company, appointment of its Director/s, Secretary and distribution of the shares of the Company in accordance with banks requirements;
  • First Resolution of Director/s, confirming appointment of the Director/s, Secretary and the Shareholder/s of the Company;
  • Consent to Act as Director, Secretary & Member/Shareholder, signed by the Director/s of the Company;
  • Appointment and Notice of Resident Public Officer;
  • Personal manager assistance for the entire period.
  • ASIC Registered Agent;
  • Australian Business Number (ABN);
  • Notification of share issue;
  • Share Certificate(s);
  • Authorized Share Capital of AUD 1,000;
  • Local Registered/legal Address of the Company in Australia;
  • Local registered agent and secretary services;
  • Payment of annual fixed Government fees for first year;

Renewal Fee after one year – with all services included for the next year: €2.000

  • Personal manager assistance for the entire period.
  • Local Registered/legal Address of the Company in Australia;
  • Local registered agent and secretary services;
  • Payment of annual fixed Government fees for second year;

Further Optional Services:

  • Accounting & Bookkeeping – Quotation based on each particular case.
  • Nominee Director – Local Individual – Mandatory – €2.000;
  • Nominee Director – Individual or Corporate as per client’s request – €600;
  • Nominee Shareholder – Individual or Corporate as per client’s request – €400;
  • Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements – €350;
  • Certificate of Registration with current dates, in accordance with official institutions and banks requirements – €300;
  • Company Extract with current dates, in accordance with official institutions and banks requirements – €300;
  • Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements – €330;
  • Apostilled & notarized set of company documents – €310;
  • Apostille per document – €180;
  • Notarization per set of documents – €200;
  • Notarization per document – €120;
  • Company Seal – €65;
  • Company Rubber Stamp – €45;
  • Courier – €80;
  • Bank Account opening service – Quotation based on each particular case;
  • Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review – €75 / hour;

If you are looking to open a bank account in the particular country or bank, please contact as by e-mail office@consilformation.com
or call our Banking Department at +34 685 28 86 93

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