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.