Registration of a company in Australia

Name of service Bronze Silver Gold Platinum Brilliant
Company name verification and reservation in ASIC ( Australian Securities and Investments Commission ) Verifying the availability and reserving of your preferred company name in the registry (Australian Securities and Investments Commission)
Company registration in form of LTD including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Certificate of incorporation Provision of international standard certificate of incorporation for your company
Memorandum of Association Preparation of the memorandum of association, which defines the procedure for the creation of the company; the authorized capital of the company; the size and nominal value of the shares of the founders, as well as the order of payment
Minutes of the meeting of directors of the company (Referat fra generalforsamling) Document preparation necessary for the legal registration of directors within the company structure
Director ID for one director A director ID is a unique identifier given to a director who has verified their identity with government approve
ABN registration (Australian business number) The main function of an ABN is to ensure that Australian businesses meet their financial obligations. Because many businesses have very similar names, the ABN is a simple yet sure-fire way to identify a specific business and to ensure that it pays all the relevant Australian taxes, including profit, income, GST and PAYG
GST registration for company (Goods and Services Tax) Goods and Services Tax (GST) is a broad-based tax of 10% on the sale of most goods, services and anything else consumed in Australia
Assistance in opening a corporate account in Commonwealth Bank of Australia (CBA), Westpac Banking Corporation (Westpac), National Australia Bank (NAB) Collection, processing and filing of documents required for opening a corporate bank account, including consultation on the choice of appropriate jurisdiction
Apostilled and Translated company documents Apostille certification and consular legalization of documents, depending on the country of operation
Local Secretary in the Australia for 1 (one) year Provision of a local secretary for your company. This means we provide you with a local contact person who will ensure communication between you and the authorities, banks or other parties in Australia. The contact person can help you with translations, receiving and forwarding official documents, representing your company and general administrative support. This gives you confidence and convenience in communicating and interacting with government agencies and institutions
Local Director in the Australia for 1 (one) year Local directors play a crucial role in ensuring the company's compliance with local laws, regulations, and reporting requirements. Required for company formation in Australia for foreign owner
Free Consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
1900 USD 2900 USD 4900 USD 5700 USD 11100 USD
Provision of a legal address for 1 (one) year
900 USD 900 USD 900 USD 900 USD 900 USD
Remote company registration with transfer of authority
300 USD 300 USD 300 USD 300 USD 300 USD
Accounting services
150 USD 150 USD 150 USD 150 USD 150 USD

Deal of the month

If you will register a company until April 30,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The smallest continent in the world, which covers an area of 7.7 million km2, is rich in natural and mineral resources. Australia has one of the most favorable climates in the world. The continent is multinational, but most of the population is of British origin, as the Australian continent was a British colony for a long time. Now Australia is a member of the Commonwealth of Nations. The conditions for company registration in Australia are considered as favorable as in Great Britain, formed on its model, but with some local peculiarities.

The region's advantages

If you plan to start a company in Australia or buy an existing one, the following advantages of doing business in the region will be available to you:

  • stable political and economic environment;
  • favorable conditions for doing business, including for foreign investors;
  • the existence of business support programs, simplified procedures for obtaining visas for foreign investors, as well as grants in specific areas;
  • easy process for starting a business in Australia.

Business forms

You can run a business in Australia as a sole trader, as a partnership, or by registering a local legal entity. In addition, those companies established outside Australia can do business in this jurisdiction after registering a branch or representative office.

Companies are registered by the Australian Securities and Investments Commission. They are assigned a unique identification number. Depending on the type of liability of the participants are distinguished:

  • companies with unlimited liability;
  • a company, the liability of the participants of which is limited to the value of the shares held;
  • a company, the liability of whose participants are limited to a certain amount (guarantee).

Typical forms of companies in Australia:

  • A private company with limited liability, whose participants risk losing only the amount of the invested funds if the company suffers a loss in liquidation. Even with partial payment of contributions, the participants will be liable only for the unpaid part of the contribution (in case of liquidation of the company). The number of participants is limited to 50 people. It is easy to register a company but cannot attract investments through fundraising or otherwise.
  • A public limited company is often used to raise capital from an unlimited number of people. A public company must comply with strict legal requirements, particularly concerning management.
  • A branch is registered by a foreign company, which plans to start conducting the same activities in the region as in the country of primary registration. The branch must have a local representative.
  • A representative office is registered by a foreign company that does not plan to conduct business in the region but will carry out activities to promote goods and services.

Registration procedure and requirements

Before starting the procedure, you must choose a name for the business. The registered name can be the name unless it is identical to the name that has been reserved or registered. In addition, before registration, the company's bylaws must be drawn up, which must designate the following:

  • title;
  • the terms and extent of liability of the participants;
  • the rules for conducting business.

The process of registering a company in Australia includes the following steps:

  1. Selection of a suitable organizational-legal form, taking into account the proposed activities.
  2. Drawing up a business plan.
  3. Collection of data on participants, beneficiaries, and managers.
  4. Selection of the legal address.
  5. Formation of the authorized capital of the Australian company.
  6. Filling in the registration forms, as well as the formation of the package of documents for registration.
  7. Payment of the necessary fees and filing documents for registration. Obtaining registration confirmation in case of a favorable decision of the Securities and Investment Commission.
  8. Registration for tax purposes and hiring employees.
  9. Establishing a corporate bank account.
  10. Obtaining permits for regulated activities (optional).

Each registration case differs depending on the initial data and several other nuances of local legislation. Prifinance lawyers will be happy to advise in detail on the issue, make a plan of action, and complete the business registration procedure in Australia. The lawyers will also suggest that if you buy a company in Australia, analyze the risks involved and prepare the necessary documents for the transaction.

Legislation and business conditions

The legal system is a mixture of standard and statutory law, modeled on the United Kingdom and some European countries. A particular emphasis in the legal system is placed on the independence of the courts. All companies, both local and foreign, have the same legal status.

The regulatory policy focuses on activities in the financial markets. In 2001, the corporate sector was reformed to maintain the market's integrity and ensure adequate investor protection. Currency controls were abolished. The application of such measures is considered only in exceptional cases.

The Australian economy is one of the most flexible and competitively developed. It is also characterized by rapid growth trends (since 1990), a stable low level of inflation, and a low level of unemployment. Among the business centers of the region, note Sydney, Melbourne, Brisbane, and Perth. In addition, Australia is a developed financial center in the Asia-Pacific region.

Australia's workforce is made up of highly educated and skilled workers. The Australian educational system is considered highly developed, which trains qualified staff.

Tax aspects

If you plan to buy a firm in Australia or start a new one, consider the following tax rates:

  • corporate tax - (1) introductory rate - 30%, (2) for small and medium businesses - 25%
  • personal income tax - 45%
  • tax on goods and services - 10%
  • withholding taxes (for non-residents) - (1) dividends - 30%, (2) interest - 10%, (3) royalties - 30%
  • capital gains tax - (1) corporate - see corporate tax rate, (2) individual - see individual income tax rate.

How Prifinance lawyers can help

Prifinance lawyers will develop solutions for opening a company in Australia and other regions. The lawyers will draw up a plan of action, draft documents, and negotiate with local advisors and government authorities. In addition, Prifinance lawyers will support further activities of the Australian company and help realize business tasks in this and other regions.

Cooperation

Our clients

PRIFINANCE COMPANY
PRIFINANCE COMPANY
4.7
Based on 56 reviews
powered by Google
review us on
I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
Юрий ВалерьевичЮрий Валерьевич
07:50 21 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Анастасия ОдокиенкоАнастасия Одокиенко
11:09 26 Jan 24
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
js_loader
© 2024, PRIFINANCE