Australasian Company Registration
Service Description
| I. Advantages of registering an Australian company |
| Australia is a highly developed capitalist country with Canberra as its capital. As the most economically developed country in the southern hemisphere, the 12th largest economy in the world, and the fourth largest exporter of agricultural products, Australia is also the world’s largest exporter of a variety of minerals, with a developed agriculture and livestock industry and abundant natural resources. Australia is known as the “country on the back of a sheep”, “the country on a mining wagon” and “the country with a sheaf of wheat”. Australia has long earned a great deal of income from the export of agricultural products and mineral resources, producing sheep, cattle, wheat and sugar, and is also an important producer and exporter of mineral resources in the world.
Australasian Company Advantages 1. No registration capital required No capital is required to register a company in Australia and registration can be done directly. 2. Registration form Short time, high efficiency, at the same time conducive to brand building, generally 15-25 working days to complete the registration. 3. Australia is the cradle of technology entrepreneurship High-tech enterprises have easier access to capital from overseas capital markets, turning Chinese technology into overseas technology and thus paving the way for overseas capital to enter technology. 4. Tax collection and exemption policy A large portion of the costs of setting up an office in Australia, including salaries, advertising, office rent, airfares, etc., are tax deductible from income; tax authorities provide free on-site consultation services, and the Trade Office provides a full range of free information. 5. Improve brand competitiveness Australian companies can be used to apply for trademarks, apply for Australian commodity barcodes, return investments, etc., by registering Australian companies to package brands. 6. Help to apply for visa immigration You can apply for an Australian business visa to facilitate your business travel; your spouse will be granted temporary residence in Australia and your children can attend Australian government schools; with a business visa, you can apply for permanent residency PR (green card) in Australia under one condition and successfully immigrate to Australia. |
| Second, the types of Australian company registration |
| For investors wishing to do business in Australia and register a company, there are a number of different legal and business forms, each with different legal requirements, risk profiles and tax requirements, so you need to pick a form that suits your business model before you start your business. In general, in Registered Companies in Australia There are four basic types of business structures to choose from: Sole trader, Partnership, Trust and Company, any one of which must be registered with ASIC.
1、Individual operator (Sole Trader) The Sole Trader is the most basic business structure, where there are no complicated legal formalities, just an application for an Australian Business Number (ABN) from the Australian Taxation Office (ATO), after which the individual will personally operate, control and manage all aspects of the business. For tax purposes, an individual’s personal financial position and the taxation of the business in which he or she is engaged are the same, i.e. the business is part of the individual’s annual personal tax return and is taxed at the individual’s tax rate. It is important to note that since the sole proprietor does not constitute a separate legal entity and is not a form of corporation, the sole proprietor will also be personally liable for all operating losses. In addition, the Sole Proprietor will be liable for all business and the Sole Proprietor and its personal property will be liable for the debts of the Sole Proprietor indefinitely and jointly. This also includes the risk that the personal assets of the individual operator will be brought into the business, and if the business goes into serious debt problems and the business becomes insolvent, the personal assets of the individual operator will be used to pay off the debt. If the individual also owns other property, such as shares in other companies, those shares will also be subject to recovery.
2、Partnership A partnership is a business conducted by one or more individuals who share in the profits and bear the losses and liabilities. Partnerships are cheaper to set up and will likely have more resources than individual operators and will take full advantage of the individual strengths of both the business and the partners. On the other hand, the partners will share the debt, even if the partners do not directly cause the debt, the partners will share the debt of the business operation, and the specific distribution of the debt will be divided according to the shares.
As a partnership, it is important to note that for tax purposes, as the partnership itself does not pay income tax, each partner will be allocated a proportionate share of the income and will be included in their own personal tax income for calculation and payment of tax. Profits from the partnership are not wages for tax purposes and if the business turnover exceeds $75,000 you will need an ABN and will need to register for GST. In addition, although the partnership does not pay tax, the business will still need to file a tax return including income earned and costs incurred. This will give an intuitive picture of the partnership’s income and the amount of taxes to be paid and obligations. In addition, the partnership is not required to pay an advance, but rather the partners pay an advance based on their personal income levels.
If the partnership has a loss for the fiscal year and the partners have other income, they may offset their other income with losses from their share of the partnership. It is important to note, however, that partnerships do not consider capital gains and losses, and if there is a sale of assets, the gains and losses are calculated on the basis of the partners’ respective shares. The duration and size of a partnership is also limited by the possibility of dissolution due to the bankruptcy, death or withdrawal of a partner.
3、Trust A trust is a form of financial management and a special type of property management and legal practice. A person or company agrees to hold a profitable asset or property for the benefit of others, including itself. Establishing a trust requires determining who is the trustee of the legally held assets. Who is the beneficiary of the income. Thus, the basic function of a trust, and one of its benefits, is to increase asset protection by separating ownership from interest. That is, the trustee enjoys ownership of the trust, while the beneficiary enjoys the benefits derived from the trustee’s operation of the trust property. Legally, a trust relationship is generally established by a trust agreement between the settlor and the trustees, which must clearly define the parties to the trust, set forth the related property and describe how the property is to be administered and the terms of distribution. In addition to the legal controls and restrictions on trusts, the effective date of a trust and the stamp duty required at the time of its formation may vary depending on the laws of the state in which the trust is established. Establishing a trust is relatively complicated and expensive, but it is important to note that there are many different types of trusts, so it is important to choose the right type of trust to establish. Trusts are also a traditional reasonable tax avoidance solution and are often used for passive investment activities and certain business activities.
4、Company Company, as a separate legal entity, has a more complex set up process and expensive administration costs. However, as a more complex business structure, the company is established under the Australian Securities and Investments Commission (ASIC) and therefore the shareholders only provide the company’s capital and are not liable for the company’s debts, which also provides a greater degree of protection for the shareholders’ personal property. This also provides a greater degree of protection for shareholders’ personal property. However, this comes with a more onerous and complex taxation process. In Australia, corporate property is classified as a private limited company and a public limited company. The shareholders of a company are only liable for the shares they invest in, which means that the company acts as a separate legal entity, is its own taxable entity and can hold assets and property ownership. A private limited company has an advantage over any other business entity in terms of bank lending and is more likely to be able to obtain loans for commercial purposes. A private limited company is unaudited in Australia and is more suitable for small and medium sized businesses, whereas a public limited company is a larger corporate entity and is not suitable for general investors due to the minimum number of shareholders, the need for audits and government regulation, and the complexity of the formation process. |
| 3、Australian company registration conditions & requirements |
| The following information is required for registration of an Australian company number ACN (PTY): 1. three names (in English) of the company to be registered in Australia, two of which are optional, with the name ending with PTY LTD or PTY LIMITED; 2. the company’s registered address in Australia, contact telephone number, fax number and mailbox, and if the address is rented, the name of the renter to confirm that the renter agrees to use the address as the company’s registered address; 3. the nature of the company’s proposed business in Australia, the direction of its operations; 4. the directors of the Australian company, at least one of whom must be an Australian resident, must provide personal information: date of birth, place of birth, current address, contact details including telephone number and email address; 5. Australian company shareholders, at least one person, no nationality restrictions, shareholders and directors can be the same person. Personal information should be provided: date of birth, place of birth, current address, contact information including telephone and e-mail; 6. Personal information of the director of the company (date of birth, place of birth, address of current residence, contact information including telephone and e-mail); 7. Details of the distribution of shares of the directors or shareholders of the Australian company, the default number of shares is 100 and the share price is set at AUD 1 per share. The following documents are required for the registration of an Australian Business Number ABN Excise Tax GST return: 1. the company’s Australian company number ACN; 2. Tax File Number of the responsible director of the company; 3. Personal information of the company’s registered director (date of birth, place of birth, current address, contact details including telephone number and email address); 4. the nature of the company’s proposed business in Australia, the direction of its operations; 5. the company’s registered address, contact telephone number, fax number and email address in Australia; 6. choose the method of filing GST: quarterly or annual.
●Programming 1、Submit the company name to our company for verification
The return file obtained from the completion of processing 1、File list 7、Stock 8、Corporate charter 9、Company seal: including a steel seal, a bar-shaped seal 10, a beautiful file box |
