The benefits of doing business in Australia are as follows:
Minimal restrictions on the import of goods and services
Strong Legal Framework
Strength and resilience of the economy
World Leading and Dynamic Industries
Innovation and skills
Highly skilled workforce
Political and economic stability
Diverse consumer market
The type of business structures available in Australia are as follows:
A proprietary limited company is similar to a private limited company or an LLC. This entity is the most adopted business structure by foreign investors wanting to establish their businesses in Australia. For the incorporation of this company, at least one resident director is required. The maximum number of shareholders in a proprietary company cannot exceed 50. These companies can be 100% foreign-owned entities and set up with an initial capital of $1. These companies must register for the Goods and Services Tax if their annual turnover crosses the mark of AUD 75,000. These companies are required to add ‘pty. Ltd’ with their company name.
Public companies are those entities that have been permitted by law to raise money from the general public by offering their shares for sale, generally by listing them on the stock exchanges. These companies have to attach 'Ltd.' with their names. For their registration, they need to have a minimum of one member, at least 3 directors, and one secretary, and at least two of those directors are required to be residents of Australia. Unlike proprietary companies, public companies are required to appoint an auditor.
A partnership in Australia is usually set up by general partners who are either liable for their partner's activities or only up to their contribution to the partnership. These structures are traditionally adopted by accountancy and law firms. For incorporation of a partnership in Australia, the partnership must have at least one resident partner. Income and losses are shared among the partners, and the partners' annual tax returns are filed individually. However, if their annual revenue exceeds the mark of $75,000, then GST registration becomes mandatory.
Trust is another kind of business structure adopted by small family-owned businesses in Australia or larger businesses with more than one family involved tend to use the unit or fixed trusts. Trusts in Australia are not considered separate legal entities and do not pay taxes on their own. The income generated by the trust is distributed to its beneficiaries, and the beneficiaries then pay taxes on their income. Trusts are established by a deed and not via registration with the ASIC. The trusts are required to carry on business and have to obtain the Australian Business Number. Every trust should have to appoint a trustee and a public officer who is resident in Australia.
A foreign parent company usually forms a branch office. The branch office in Australia is a mere extension of the parent company to carry out operations in Australia. The branch office in Australia can carry out profit-making operations. A foreign company would have to register the branch office with the Australian Securities and Investments Commission (ASIC), and the company will be assigned an Australian Registered Body Number (ARBN). This is mandatory as the Australian branch is carrying out business. The Corporations Act 2001 makes it compulsory for a foreign parent company is required to appoint a representative for the branch office. This is mandatory to ensure that the branch office follows compliance. In order to set up a branch office in Australia, a registered office must be present having a local address. The Branch Offices are also required to submit annual financial reports to ASIC.
A representative office in Australia can be used for research and market research purposes but cannot conduct commercial activities or business in Australia. It allows the company to conduct limited and non-commercial activities, making it an ideal choice for companies who want to increase their global presence worldwide or to conduct market and R&D before entering the Australian market. It is cost-effective and simple to set up a representative office in Australia.
Corporate Income Tax
Goods and Service Tax
Wine equalization Tax
Luxury Car Tax
Fringe Benefits Tax
Petroleum Resource Rent Tax
Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.
Our Australia Entry Strategy services involve the following services:
Our Australia Entry Strategy is classified into the following:
Business Structures available in Australia are Proprietary Limited Companies, Public Companies, partnerships, trusts, Branch offices, and Representative offices. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Australia. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.
Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory on issues related to the management of the business.
Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal documents for your business and review and compile the required documentation. We also ensure that all legal and regulatory compliance are duly complied with.
Our experts provide bookkeeping services and assuring the proper maintenance of different accounting records. This involves keeping thorough and organized financial records, such as cash books, general ledgers, fixed asset registers, and accounts receivable and payable sub-ledgers. In addition to this, we also provide financial reporting, accounting guidance, and bookkeeping services. They aid in the production of accurate financial accounts, ensure conformity to accounting standards, and offer qualified advice on difficult accounting matters. The accounts and financial statements are prepared to reflect the true and fair view of the company’s operations. On behalf of our clients, we ensure that the accounting and audit requirements are fulfilled.
Our tax experts will assist you in effectively managing your tax obligations and identifying opportunities to lower tax expenses. We ensure that the tax return is timely filed. We provide advisory on direct as well as indirect taxes. As the globe becomes increasingly linked, businesses regularly engage in cross-border transactions with intricate tax ramifications. Our clients obtain thorough advice on international tax compliance, double taxation agreements, transfer pricing, and international tax planning by using our worldwide tax consultancy services. Our knowledge aids companies in overcoming the difficulties associated with international taxes and strengthening their worldwide tax position.
Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.
i. Professional Support
ii. 24*7 Customer Support
iii. Highly Integrated IT Team
iv. Tailor-made solution for our clients
v. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.
vi. All-inclusive solution for our clients
24x7 Client relationship support desk.
Tech-enabled service delivery platform.
Dedicated foreign Investment desk.
50,000+ Network of Solicitor’/Attorney’s/CA/CPA/CFA.
Strong team of Inhouse Solicitor’s/Attorney’s/CA/CPA/CFA
A wide Network of Audit and Law firms in India.
Individual and Dedicated professionals on every assignment.
We register 100+ Companies every Month.
If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE