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Company Formation Australia

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Australia is a global leader, with a strong and stable economy and topping rankings year on year in factors such as GDP growth, quality of life and ease of doing business. Australia offers foreign businesses an attractive commercial environment and a range of profitable sectors to invest in. Australia is one of the top investment locations globally, and it is not surprising that both individuals and companies look towards the region as lucrative jurisdiction to create a company and begin business operations.

Check out the short presentation below which outlines the key steps to form a company in Australia.

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Company Formation Australia

  1. 1. How to Form a Company in Australia? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Australia? Well established legal system World leader in key industries such as mining Strategic regional trade agreements Easy company incorporation process Strong and stable economy
  3. 3. Types of Legal Entities ProprietaryLimited Company Sole Trader Trust Partnership The majority of companies that are set up in Australia are Proprietary Limited Companies. This presentation will outline the process of forming a Proprietary Limited Company.
  4. 4. Fact Sheet: Proprietary Company Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 2 - 3 weeks once all documentation is received How long does it take? (including bank account) No Is there a minimum share capital? 1 Shareholder What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 The company name must be unique. Reserve the Company Name
  7. 7. Step 2 Before you register the company, you will need to decide how it will be governed. How will the Company Operate?
  8. 8. Step 3 There are (3) required officeholders. Appoint Company Officeholders
  9. 9. Step 4 Before all required local, state and national authorities. Register the Company
  10. 10. Step 5 Register with the national tax authority and obtain an Australian Business Number (ABN). Obtain the Company Business Number
  11. 11. Step 6 You will have to open a corporate bank account. Open and Activate a Corporate Bank Account
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Due Diligence Legal Services Accounting & Taxation
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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