Setting Up Business in
TBA will be happy to assist you to:
Establish an Australian limited liability company
Provide your Firm a local business address
Offer accounting and taxation support and
Open a corporate bank account (if required)
You will not have to travel to complete company formation. TBA will complete all related tasks on your behalf.
To be able to engineer the optimum Corporate Structure for your business, it is important for us to have a good understanding of your business and your personal objectives. In this respect, we think it will be advisable to discuss the different Australian corporate solutions available to you. Feel free to contact and email us with your purposes for this company registration.
Australia Company Formation
A properly structured Australia private limited company is an excellent corporate vehicle through which, business in Australia, and internationally, can be conducted. The following information will help you determine whether Australia Company formation is the optimum structure to meet your business objectives
Advantages of Incorporating in Australia
An Australian Company projects an excellent image to your customers and suppliers.
There are no minimum capital requirements with Australia Company formation.
Only one resident director and shareholder is required to meet Australia Company formation regulations.
Australia Company formation permits 100% foreign ownership.
It is easy to open corporate bank accounts all over the world to support Australia Company formation.
According to a World Bank survey, Australia is one of the easiest places in the world to do business.
The government provides various incentives to investors to support Australia Company formation.
Australia Corporate Structuring
Important factors to consider when determining whether an Australia Company is the optimum corporate vehicle include for your business;
An Australia Company will be subject to an annual audit; and. in accordance with Section 145 (1) of the Australian Companies Act 2001, every Australian Company shall have at least one director who is ordinarily resident in Australia. Most of our Clients request TBA to be the resident director.
In accordance with GST Law, an Australian Company is obliged to register for GST. TBA will be happy to assist you with GST registration.
Types of Entities in Australia
Proprietary and Public Companies
A proprietary company is one which is limited by shares and the number of members is limited to 50 non-employee members (counting joint holders of shares as one person) and not counting a person who:
Is employed by the company or any of its subsidiaries and is a member of the company, or
Was an employee of the company or any of its subsidiaries when he or she became a member of the Company.
The Constitution of a proprietary company usually restricts the transferability of its shares by bestowing absolute discretion upon the Directors and a proprietary company cannot offer its shares for sale or subscription to members of the general public
All other companies not covered by the above definition are deemed to be public companies.
Completion of Corporate Structure document;
Our Incorporation Team performs a company name search with the Australian Regulatory Authority and if approved, we begin incorporation of your Australian Company;
Preparing the following corporate documents for filing with the Australian incorporating authority: – The Memorandum and Articles of Association; – A Statutory Declaration of Compliance; and – A Notice of Situation of Registered Office.
TBA receives an email of the Certificate of Incorporation from the Australian Registrar of Companies. Our team will immediately email the same to you;
Filing the following documents with the Australian Company Registrar: – Notification of Appointment of First Directors and Secretary; – Letter of Appointment of First Directors; and – Consent to Act as Director.
Applying for the original Business Registration Certificate and pays the Government taxes and levies.
Preparing all post incorporation documents, including minutes of the first meeting, preparation of By Laws, issuance of initial Share Certificates. These documents are emailed to our Client for his/her signature;
Upon receipt of client signed corporate documents, TBA couriers a company kit folder to our client containing the following original corporate documents: – Original copy of Certificate of Incorporation; – An original bound copy of the Memorandum and Articles of Association; – Subscribers’ resolution appointing first directors; – Original share certificates; – An original printout of the Company structure from the Australian Public Register.
Disclosure of Beneficial Ownership to Authorities
Companies must disclose on incorporation and whenever situations change: the ultimate holding company (if any) of an Australian Company, and whether or not shares held by a registered member are beneficially held.
Key Corporate Features
|Type of Company||Proprietary Limited|
|Type of Law||Common|
|Shelf Company Availability||No|
|Time to Establish a New Company||3 Days|
|Minimum Government Fees (Excl. Taxation)||AUD495 1st Year|
|AUD267 p.a. thereafter|
|Double Taxation Treaty Access||Yes|
Share Capital or Equivalent
|Minimum Paid Up||Concept Not Applicable|
|Usual Authorised||Concept Not Applicable|
|Publicly Accessible Records||Yes|
|Location of Meetings||Anywhere|
|Publicly Accessible Records||Yes|
|Location of Meetings||Anywhere|
|Local or Qualified||Yes, if Appointed|
|Requirements to Prepare||Yes|
|Audit Requirements||No, but Large or Overseas Owned Companies Require an Audit|
|Requirements to File Accounts||Yes, if Audit Required|
|Publicly Accessible Accountds||No, but Yes if Filed|
|Requirements to File Annual Return||No, Annual Review|
|Change in Domicile Permitted||No|
What separates us from our competitors is that our services don’t end with the registration of your company. We offer a wide range of additional services others can’t or just won’t offer, such as lifetime free support.
Whilst most providers either specialise on personalized consultation at relatively high rates or run bulk registration factories without any support, we want to offer the positive aspects of both types.
Therefore TBA combines professional advice, worldwide registration services, reasonable fees, customized order processing, lifetime support and fast processing. Where others see company formation services as a bulk registration with no support and no individual assistance, we do care about your business needs
Should you have any question or matter
You would like to discuss or clarify with us
Should you like to receive further Information
About our services and fees, …
Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company.
You may call or email us, and we will be happy to assist you in a fast and efficient manner.
You can also come and visit us at our Limassol offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet with you.