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Company Formation in Australia

Get started with your Australia company formation.

In recent decades, Australia has become an internationally competitive, developed market economy. It’s abundant and diverse natural resources has attracted high levels of foreign investment, prompting the further development of the country’s service sector and growth of its highly educated, multilingual and multicultural workforce. As one of the most robust economies in the world that is backed by a stable political system and business friendly company laws Australia is trusted destination for trade and investment. With the amount of foreign investment in Australia, proprietary companies are often the company type utilized in Australian company formation.  With minimal company formation requirements, a proprietary company allows multinational companies and individuals to conduct business in Australia with large amounts of flexibility.

Our services include: 

  • Company formation
  • Australian Business Number (“ABN”) application
  • Goods and services tax (“GST”) registration
  • Application for tax filing number
  • Registration for Pay As You Go Withholding
  • Provision of a Registered Secretary
  • Provision of a Registered Office address
  • Provision of a resident director
  • Bank account set up assistance

We offer a unique delivery model with technology that enables us to provide an unrivalled service which has successfully supported more than five hundred companies.

Benefits of Company Formation in Australia

  • Access to Australian government grants for SME businesses
  • Ability to utilize Australian corporate tax rates
  • Australian company law is modern, flexible and commercially minded 
  • Australian companies permits 100% foreign ownership
  • Minimum company formation requirements

Australia Company Formation Requirements

Given Australia’s recognized business environment, the Australian company formation process is efficient with minimal requirements. For proprietary companies, which are among the most common company types, only 1 shareholder and 1 director are required. Although the company director must ordinarily reside in Australia, there are no requirements for Australian companies to have a company secretary. To the extent that an Australian companies have company secretaries, at least one of them must ordinarily reside in Australia.

Despite not having any minimum capital requirements, Australia company law requires Australian companies to maintain a registered office in Australia. This address does not have to be owned or leased by the company, but the party who owns or leases that property must consent to the address being the registered office of the company. 

Annual Maintenance

  • Australian proprietary companies must confirm their corporate details and pay a review fee to the Australian Securities Investment Commission (“ASIC”) each year
  • Prepare and file an annual audited financial report (if the company is classified as a “large proprietary company) 
  • (Federal only) company tax return, even if the business doesn’t expect to pay any income tax
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What are the non-tax incentives I can enjoy if I with an Australian company?

The Australian government provides various incentives to Australian companies on a case-by-case basis. Such incentives include assistance in training, research & development in addition to import and export related activities. So long as the Australian government considers a company and their initiatives will offer significant economic benefits to Australia, the applicant company will be considered eligible to enjoy these incentives. 

Are there any tax incentives I can take advantage of as an Australian company?

Yes. To the extent that an Australian company has had income and capital gains taxed in foreign jurisdictions, then exemptions are available. Non-resident companies are taxed only on their Australian-sourced income and capital gains on the disposal of certain taxable Australian assets. 

In addition, Australia has concluded tax treaties with more than 40 jurisdictions. These tax treaties give the source jurisdiction a taxing right over selected types of income, profits or gains, and sometimes provides companies with limited tax rates. Under these tax treaties, Australian companies will find themselves able to minimize their potential tax liabilities.

Do I need to be in Australia for the company formation process?

No. It is not necessary to be present in the country to conduct company formation in australia. FastLane can assist in the formation of your Australian company on your behalf!

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