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Incorporating a Company in Australia

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Confused about how to set up your dream business in Australia? Don't stress out, Zolvit is right here by your side. There's no better option than Zolvit if you want to expand your business in Australia

Here’s How It Works

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Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.

Rachna Pathania

Founder & CEO of SchnellTek Software Pvt. Ltd.

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Vakilsearch has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!

Satya Vasireddy & Sravani Vasireddy

Founders of Lovely Chocos

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Vakilsearch is exactly what it does. Legal is simple. We went to Vakilsearch to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.

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CEO & Developer of Golghar.com

Here’s What You’ll Need

Let’s start the process once you are ready with the below document. Zolvit uses the best-in-industry security protocols to ensure your documents are always secure.

In order to obtain your Commercial license, you will need:

  • Registration and licensing application

  • Letter of endorsement or sponsorship approval (non-GCC nationals)

  • Copy of passport or ID card

  • Purchasing a local partner (Sponsor)

  • Make a MOA for the DED.

  • Certificate of incorporation

  • Operating Agreement [a document that outlines the financial and functional decisions of the business]

  • Detailed business plan

  • Insurance policy

  • Non-disclosure agreement

  • Business license

  • Contract documents

    Why Should I Use Zolvit for Incorporating a Company in Australia?

    • We Register a New Company Every 9 Minutes

      New Company

      We Register a New Company Every 9 Minutes

    • Businesses Served by Zolvit

      50,000+

      Businesses Served by Zolvit

    • All Financial Services in One Place

      Financial Services

      All Financial Services in One Place

    • Quick & Affordable

    • 100% satisfaction guaranteed

      Satisfaction

      100% satisfaction guaranteed

    Ready to set your business wings high in Australia? Zolvit shows you the legal path without any delays!

    Did you know

    Did you know?

    You can register for an ABN and register your business name after selecting a company structure. This enables you to start trading and running a business legally.

      It's crucial to research any potential licenses or permits that may be necessary based on the type of business you operate. Australia is the world's eighth largest economy in terms of FDI inflows, and the World Bank ranks it seventh in terms of starting a business.

      FAQ's

      What kinds of businesses are eligible for incorporation in Australia?

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      Can foreigners set up businesses in Australia?

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      Can we buy citizenship in Australia?

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      Can I buy a property in Australia to obtain permanent resident status?

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      Overview of Incorporating a Company in Australia

      In Australia, there are several corporate structures that each have their own set of rules. If you intend to register a company in Australia, you must take into account a number of crucial aspects. Here, the choice for the business owners is whether to incorporate a foreign company, a new firm, or acquire an existing company.

        Benefits of Incorporating a Company in Australia

          Limited liability:

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          Lower tax rate:

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          Protect Your Personal Assets:

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          Enhance Your Business’ Credibility:

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          Perpetual Existence:

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          Checklist for Incorporating a Company in Australia

          • Directors and Shareholders: An applicant for company registration in Australia must have a certain number of shareholders and directors. It would be determined by the particular entity type's requirements. Some companies require at least three directors. There must be at least one shareholder in the company.
          • Residency Requirements: At least two of the directors must be Australian citizens. The company secretary must also be a resident of Australia.
          • Age Requirements: The directors, shareholders, and key management executives of the Australian company must all be over the age of 18. Individuals must obtain written permission to conduct business in Australia.
          • FIRB Approval: Under Australia's foreign investment regime, FIRB approval is required if a non-Australian acquires shares in Australia.

          How to Incorporate a Company in Australia

          • Step 1: Proposing A Company Name

            Before registering a company in Australia, it is critical to ensure that the proposed name is available. It is critical that you choose a simple and unique name for your company that is not abusive and does not contain any spelling errors. A proprietary company's name must include the words 'Proprietary' or the abbreviation 'Pty'. The company can use the Australian Company Number (ACN) assigned to it as its name. ACN is a one-of-a-kind number assigned to a company by ASIC.

          • Step 2: Filing the application form

            The Application Form 201 is filed with the ASIC in this step. The ASIC requires this for registration as an Australian company. Along with the duly completed form, each shareholder and director must submit written consent to become a shareholder and director of the company. Furthermore, at least one company secretary and one director must be Australian citizens. The company is responsible for ensuring that the taxation requirements are met.

          • Step 3: Determine the Business Structure

            When making a decision on a structure for your business, choose something that best meets your needs, taking into consideration that each structure has advantages and disadvantages. You can change the structure of your company at any time.

          • Step 4: Request an Australian Business Number (ABN)

            ABN is a one-of-a-kind number that allows you to identify your company to the government and other businesses. To obtain the ABN, you must provide the following information:

            • Personal information
            • Details about the company's associates
            • Business activity details are the reason for the application.
            • A form indicating that the information you have provided is correct.
          • Step 5: Purchase a Domain Name for Your Website

            Your domain name is your internet website address, and it provides your company with an online identity or brand for your customers. If you want to buy a '.com.au' or '.net.au' web address in Australia, you must have an ABN.

          Australian Business Entity Types:

          Sole Proprietorship: Starting a business as a sole proprietorship in Australia is simple and inexpensive. In this type of business, the owner is solely responsible for all business operations involving his soldiers. He is solely liable for all losses and debts incurred as a result of the sole proprietorship business. The sole proprietorship business is managed and controlled by the owner. He is solely responsible for filing income tax returns using his TFN (Tax File Number).

            Limited Liability Company:

            The structure of this type of company is slightly complicated. It is treated as a distinct legal entity. The shareholders and directors are not personally liable for any liability or debt incurred as a result of company operations. The directors are only in charge of the company's day-to-day operations.

            In Australia, such a company can be registered through the ASIC ( Australian Securities and Investments Commission). The company must file its tax returns with the ATO on an annual basis.

              Partnership Firm:

              Two or more people work together to start a partnership business in this business structure. In Australia, the maximum number of partners permitted in a partnership firm is 20.

              In Australia, there are two types of such business structures: limited liability companies and general partnership firms. In Australia, forming a partnership firm is inexpensive and simple. The partnership firm, on the other hand, is not treated as a separate legal entity. This implies that all of the firm's partners are personally liable for liabilities and debts incurred during normal business operations. The company must file annual tax returns with the ATO (Australian Tax Office), which necessitates the use of an individual Tax File Number. It can also use the ACN (Australian Company Number) instead of the company name. If the partnership firm's annual revenue exceeds $75,000, GST registration is required.