How to Set Up a Company in Australia
Setting up a company in Australia requires following several steps. First, Set up a Corporation, you have two options for company set up: a subsidiary of your parent company or a foreign branch. Second, Appoint a Resident Director, you must appoint a resident director to oversee compliance and ensure all regulatory requirements are met. Third, Get your Tax Registration, you need to get your tax registration, including your Australian Business Number (ABN), to be set up correctly for Company Tax and GST. Fourth, Set up Your Bank Account, you must set up your bank account to handle legal, tax, and day-to-day expenses. Fifth, Accounting Services, you need to engage an accountant to manage your taxation filing and accounting records to be tax compliant. Finally, Office in Australia, you must have a registered office and place of business in Australia for authorities to communicate through.
Set up a Corporation
There are two options for a company set up. This is usually a subsidiary of your parent company or a foreign branch. Abdera can help you with these services, see below
Branch vs Subsidiary – includes easy to compare table
Setting up a business in Australia checklist
Key contacts for doing business in Australia
Appoint a Resident Director
Your resident director will oversee compliance, ensuring all regulatory requirements have been administered and reported to the statutory bodies in Australia.
Resident director services – get your business into business
The role of a public officer in an Australian business.
Five benefits of using resident director services
FAQs on resident director services
Resident Director, Public Officer, Company Secretary, Local Agent: Which do I need?
Director Identification number and why you need one
Get Your tax Registration
Making sure you are set up correctly for Company Tax and GST, including your Australian Business Number (ABN).
ABN and ACN: What are the Differences?
Common GST errors on importing goods into Australia
Australian business taxes
Set up Your Bank Account
Sourcing the right account for you to handle legal, tax and day to day expenses.
Opening a business bank account in Australia
Setting up a business in Australia checklist
Accounting Services
Sourcing the right account for you to handle legal, tax and day to day expenses.
Boutique accounting services firm, packed with Big 4 accounting experience
Look forward with payroll services and HR
Virtual CFO Services
Virtual CFO Services
Virtual CFO why do you need one?
Everything You Need to Know About CFO Services for Small Business
Office in Australia
You must have a registered office and place of business in Australia when you set up an Australian company for authorities to communicate through.