Register a Company in Australia from India
Australia offers a robust economy and a business-friendly environment for foreign investors. For Indian businesses, setting up an Australian entity is a strategic gateway to the Asia-Pacific market. The most common structure for foreign investors is the Proprietary Limited (Pty Ltd) company.
Types of Companies for Foreigners
- Proprietary Limited Company (Pty Ltd): The most popular choice. It is a private company that limits liability to shareholders. It requires at least one director residing in Australia.
- Public Company (Limited): Can raise funds from the public but has stricter compliance. Requires at least three directors (two must be Australian residents).
- Branch Office: A foreign company can register a local branch. It is not a separate legal entity and the parent company retains full liability.
Key Requirements
To register a Pty Ltd company, you must meet these criteria:
- Resident Director: You must have at least one director who ordinarily resides in Australia. If you don't have one, Easyfilings can provide a Nominee Director service.
- Registered Office: A physical address in Australia (PO Boxes are not allowed).
- Shareholders: At least one shareholder (can be foreign individuals or corporate entities).
- Public Officer: An Australian resident appointed to deal with the Australian Taxation Office (ATO).
Registration Process
- Name Reservation: Check and reserve your company name with ASIC (Australian Securities and Investments Commission).
- Structure & Consent: Determine share structure and obtain written consent from directors and shareholders.
- ASIC Registration: File the application with ASIC. Upon approval, you receive an ACN (Australian Company Number).
- Tax Registration: Apply for an ABN (Australian Business Number), TFN (Tax File Number), and GST (if turnover > $75,000).
- Bank Account: Open a corporate bank account in Australia (requires identity verification).
Costs & Annual Compliance
Initial Costs: ASIC registration fees (approx. AUD 576) plus professional service fees for setup and resident director services.
Annual Costs:
- ASIC Annual Review Fee: Approx. AUD 310 per year.
- Tax Filings: Annual income tax return and quarterly BAS (Business Activity Statements).
- Solvency Resolution: Directors must pass a resolution annually stating the company can pay its debts.
