Phone: +44 20 3807 0556
Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Australia
Company incorporation, bank accounts, accounting services in Australia
Registration packages
Services
Essential
Standard
Premium
Company registration (Pty. Ltd.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Australia
We will contact you soon
How you can register a company in Australia with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Australia
Australia is located in the southwestern Pacific Ocean and consists of the mainland of the Australian continent, the island of Tasmania and a number of smaller islands. Australia has a territory of 7,617,930 square kilometers. Australia borders New Zealand and has access to the Great Australian Bight, to the Tasman Sea, to the Coral Sea, to the Timor Sea, to the Arafura Sea, as well as to the Pacific Ocean, to the Indian Ocean and to the Southern Ocean. The capital city of Australia is Canberrra, the location of key government institutions. Australia has a population of 26 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - Standard tax rate 30%, if annual turnover does not exceed AUD 50 million, tax rate is 25%
- Dividend withholding tax - Franked dividends tax rate 0%, unfranked dividends tax rate 30%
- Interest withholding tax - 10%
- Royalties withholding tax - 30%
- Capital gains tax - 30%
- GST - Standard tax rate 21% or reduced rates of 0%, 5% and 9% or tax exempt
- Personal income tax - from 0% up to 45%.
The following are the most common types of companies to incorporate a company in Australia as:
- Proprietary company limited by shares
- Public company
- Unlimited public company
- Unlimited proprietary company
- General partnership
- Limited partnership
- Branch office
- Individuals or legal entities that are intending to register a company in Australia can either be resident or non-resident in Australia.
- A resident or a non-resident individual can be a company director in Australia. It is, however, required to set up a company in Australia with a local resident as one of its directors.
- At least 1 shareholder is required in order to register a company in Australia if such company is incorporated as a Pty. Ltd. (a proprietary company limited by shares). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Australia in order to establish a company in Australia or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Australia as a Pty. Ltd. (a proprietary company limited by shares) is AUD 2.
- Pty. Ltd. registration takes between 3 and 5 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Australia is complete is publicly available in the state corporate register.
- With our service you can register a company in Australia completely remotely upon a power of attorney.
Official currency of Australia is Australian dollar (AUD).
Australia has a high-income mixed-market economy and has ample natural resources. Economy of Australia is intertwined with East and Southeast Asia states. Australia is a major exporter of agricultural products, minerals and energy.
In terms of foreign trade the largest exports of the country are liquified natural gas, coal, iron ore, gold, slag, ash, copper ore, aluminium, meat, wheat and wool.
Imports of Australia consist of energy, petroleum, oil, electrical machinery and equipment, cars and vehicles, transmission apparatus, electric conductors, consumer goods, medicaments, organic chemicals, chemical products.
Primary trading partners of Australia are New Zealand, USA, Japan, China, South Korea, the United Kingdom, Hong Kong, Singapore, Indonesia, Thailand, Malaysia, Germany.
The GDP of Australia grew by 3.7% in 2021 and amounted to USD 1.7 trillion. Tertiary sector makes up 66% of the GDP of the country, followed by industry sector at 25% and agriculture at 2%.
Australia has a high-income mixed-market economy and has ample natural resources. Economy of Australia is intertwined with East and Southeast Asia states. Australia is a major exporter of agricultural products, minerals and energy.
In terms of foreign trade the largest exports of the country are liquified natural gas, coal, iron ore, gold, slag, ash, copper ore, aluminium, meat, wheat and wool.
Imports of Australia consist of energy, petroleum, oil, electrical machinery and equipment, cars and vehicles, transmission apparatus, electric conductors, consumer goods, medicaments, organic chemicals, chemical products.
Primary trading partners of Australia are New Zealand, USA, Japan, China, South Korea, the United Kingdom, Hong Kong, Singapore, Indonesia, Thailand, Malaysia, Germany.
The GDP of Australia grew by 3.7% in 2021 and amounted to USD 1.7 trillion. Tertiary sector makes up 66% of the GDP of the country, followed by industry sector at 25% and agriculture at 2%.
Foreign entrepreneurs expand to Australia and seek to incorporate a company in Australia in order to conduct business in the following sectors:
- advanced manufacturing
- energy sector
- space industry
- digital technologies
- agribusiness
- food production
- healthcare
- infrastructure.
Benefits of registering a company in Australia
Business climate
- Multiple active free trade agreements: CPTPP, AANZFTA, CER
- Location of Australia allows to establish maritime trade with any region in the world
- Access to markets in Asia, South, Central and North America
- Ample natural resources
- Diverse consumer market
- Well-developed infrastructure
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Tax incentive for R&D
- Double tax treaties with several jurisdictions
Ease of doing business
- Australia ranks #14 in the global Ease of doing business ranking
- A company can be opened completely remotely
- Minimum share capital requirement for a Pty Ltd in Australia is AUD 2
- No foreign exchange controls
Register your company in Australia
We will contact you soon
© MEV Consultants. All Rights Reserved.
Core Services
All Regions
Terms & Services