Incorporating a Company in Australia
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
Incorporating a company in Australia is our specialty.
We help you file and register your business.
Following registration, we handle paperwork and compliance.
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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!
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Founders of Lovely Chocos
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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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
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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.
What kinds of businesses are eligible for incorporation in Australia?
Can foreigners set up businesses in Australia?
Can we buy citizenship in Australia?
Can I buy a property in Australia to obtain permanent resident status?
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.
Lower tax rate:
Protect Your Personal Assets:
Enhance Your Business’ Credibility:
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:
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.
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).
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.
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.