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Our experts will help you with documentation
Then we will file the Incorporation file and submit
Once all the steps completed, you will get CoI.
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Expertise in Company Registration in Australia
For many years, Australia has been an attractive destination for Indians to start a business because it offers a dynamic environment & supports foreign investment to boost its economy. Starting a business in Australia also offers various opportunities for both local & overseas entrepreneurs. With its strong regulations, legal framework and robust economic environment, Company Registration in Australia is a strategic move for those looking to establish a sustainable business. Also, Australia is known for its business-friendly policies, ease of doing business & very strong infrastructure, making it a best destination for startups. Australia Company Registration is completely managed by ASIC or Australian Securities & Investment Companies and the process is completely online. For the registration, you must decide the Company Structure first, then choose a unique company name and then register for an ABN or Australian Business Number and fulfil other regulatory requirements like Tax Registration & appointing key officeholders. It is also vital to make sure that the compliance with ongoing obligations like filing annual reports & maintaining company’s records.
Whether you are an overseas business or a solo founder, Company Registration in Australia helps you to set up a good business presence. With proper guidance & documentation, the complete process is efficient & cost-effective. You can connect with Whizseed to register your Company in Australia online without any hassle.
When you start a business in Australia, you need to decide a good business structure as per your requirements because it identifies how you operate or run as a business. This is one of the key decisions you will make when starting a business. Your choice of business structure will depend on the size & type of business and how you want to run it. Each structure may have an impact on key areas like tax you are liable to pay, asset protection & set up cost.
There are various types of business structures in India, you can check them below:
Sole Trader: It’s the simplest form of business structure and is relatively easy & inexpensive to establish. As a sole trade, you are legally responsible for all aspects of your business including any debts & losses and regular business decisions.
If you are looking at starting your business as a Sole Trader, then you need to consider the following key elements:
Company: It’s a type of business structure where your business forms a separate legal entity which means the company has the same rights as a natural person & can incur debt, sue & be sued. Unlike a Partnership or Sole Trader structure, you are not liable for the Company’s debt. Your only financial obligation is to pay the company any amount unpaid on your shares if you are called on to do so. However, Company’s directors may be held personally liable if found to be in breach of their legal obligations.
Companies are expensive & complicated to establish and generally suit people who except their business income to be highly variable & want the option to use losses to offset future profits. The following are some key elements of a company:
Partnership: This business structure is made up of 2 or more people who distribute income/losses between themselves and there are 3 main types of Partnerships:
The following are some important elements of Partnerships:
Trust: In this business structure, a trustee holds your business for others’ benefits (the beneficiaries). A trustee can be a company or an individual and is responsible for everything in the trust including income & losses. This structure is expensive & complicated to set up and are generally used to protect the business assets for beneficiaries and the trustee decides how business profits should be distributed to the beneficiaries. These types of business structures are complex to set up and you will need time and the right skills to do it properly.
The following are some important elements of a Trust:
If you run your business as a trust, then the trustee is legally responsible for its operations. A trustee of a Trust can be a company, providing some asset protection.
Co-operative Structure: It’s a legally registered entity designed to serve the interests of its members. Co-operatives carry on businesses in all sectors and they may be profit sharing enterprises or non-profit organisations. They also serve their members by providing goods & services that may be unavailable or too costly to access as individuals. They share costs & carry on their enterprise under principles of:
Generally, all members are expected to use or contribute to their co-operative & have an equal say in the running of the organization. Co-operatives are subject to state & territory legislation the Co-operatives National Law. The following are some elements of Co-Operative Business Structure:
The following are the benefits of Company Registration in Australia:
The following are some documents required for Company Registration in Australia:
The following is the step-by-step procedure for Company Registration in Australia:
Step 1: Choose a Business Structure: This first and most important step is to choose a business structure that aligns with the Company’s goals & liabilities from the legal structures.
Step 2: Company Name: Once you select the structure, then you need to choose a unique name for your Company that complies with ASIC (Australian Securities & Investments Commission) naming rules are important.
Step 3: Appointment of Directors and Shareholders: After the above step, then you must appoint one Australian resident Directors and highlights the Shareholder’s details.
Step 4: Office Address: For the Company Registration in Australia you must have an office address that would be registered as per the laws in Australia.
Step 5: Prepare all the Documents: Then you need to collect and arrange all the vital documents required for Company Registration in Australia like Company Constitution and identification details of the Director & Shareholder.
Step 6: Register with ASIC: Once all the above steps have been completed, then you have to submit the application to the ASIC to get CAN or Australian Company Number.
Step 7: Obtain ABN and TFN: It is important for business registered in Australia to get their ABN (Australian Business Number) and TFN (Tax File Number) as a Compliance Requirement with tax obligations.
Step 8: Post-Registration Compliance: Then you have to fulfil some post-registration compliance like GST Registration & opening a company’s bank account.
As per their official guidelines, setting up a business & Company Registration in Australia is similar for local & foreign nationals, except foreigners need to take additional steps to get the right visa. Remember thatsecuring a visa for employment is different from obtaining it when you actually want to commence a business specifically. Generally, if you wany to run a business in Australia, you must be nominated by a state or territory government.
A common visa for people who want to start a company in Australia is Business Innovation & Investment (Provisional) Visa.
With the right legal help, the Australia company registration process can become easy and time- effective in Australia. You can trust Whizseed to do Australia company registration, because of the following characteristics: