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Australia is one of the most liberal countries when it comes to doing business. This is burdened with only a minimum of paperwork. A company can be established in this country in a flash within two days. On the other hand, when importing products, it is nice that duty is not usually collected for goods that are not produced in Australia itself.

Economical situation

Australia is currently one of the most developed countries in the world, the economy is long-term above average and the economic environment is stable. This growth is primarily facilitated by a skilled multinational workforce, cheap electricity, low operating costs, functioning infrastructure and the country's favorable location. Another significant positive is a good raw material base and, above all, an optimistic mood in the country, where nothing is a problem for anyone.

Do you think we will ever see it here? Don't wait!

Contact us to set up a company in Australia today.

Unemployment in Australia has been around 5 % for a long time, the inflation rate has been below 3% for a long time, the state budget has been in surplus for the last five years (revenues are always higher than expenses). Services are at a very high level in Australia, accounting for over 70 % of GDP and more than 76 % of the population working in services. The government significantly supports progressive industries (primarily high-tech fields).

Advantages of doing business in Australia

  • Joining the Australian business system will open up a massive new market for you
  • In the country, the main, official language is English, after all, Australia was a dependent territory of Great Britain for a long time. And we all know very well that English only simplifies things.
  • Australia is considered a country of opportunity that has great potential for potential investors.
  • It's so easy to transfer ownership – you simply transfer/sell shares and ownership is transferred with them
  • The company can trade anywhere in Australia
  • Corporate income tax in Australia is 30 %. However, companies can apply advantageous accelerated depreciation. Almost all costs are tax deductible.
  • And the good news at the end: the liability of the legal entity is limited only to the unpaid capital of the share owned. What does it mean? E.g. that if the shareholder has no debts associated with his share, his liabilities are zero.
  • Australia welcomes new investors
  • Australia – with one of the most resilient economies in the world – is a safe and reliable destination for your investments. The country offers stable and established political institutions, a democratic government and a progressive legal and regulatory environment – ​​factors that give entrepreneurs and markets a high degree of confidence and certainty.

If you are thinking of setting up a company in Australia, there are a few things to be aware of

  • Financial questions are public, but you can use the services of an intermediary (so-called nominee services) and thus maintain anonymity.
  • Every person – and an entrepreneur in particular – has the right to privacy. That's our opinion!
  • While in some countries obtaining complete information about an entrepreneur is a matter of a few clicks on the Internet, fortunately there are still enough that protect sensitive information in privacy.
  • For selected destinations such as Australia, anonymity is a matter of principle, and you have the right to it!
  • Profits of all shareholders are subject to taxation
  • You will not avoid paperwork either, you will have to keep accounts or annual reports.
  • As the 6th largest country on the planet, Australia looks like a remote, exotic island that hosts the most exotic fauna and flora.
  • The official name of one of the most developed and richest countries in the world is the Commonwealth of Australia.
  • Australia's ocean territory is the third largest in the world, covering 12 million square kilometers and spanning three oceans.
  • Australia is one of the most diverse countries in the world. More than 200 different languages ​​or dialects are spoken in it.

Basic information

  • Legal Entity Type: Limited Liability Company (LLC)
  • Establishment of the company: 2 days
  • Number of shareholders: at least one
  • Shareholders: members can be natural persons or business entities
  • Share Capital: AU$1
  • Shares on bearer: not allowed
  • A registered address in Australia is required
  • Local registered agent is not required
  • Resident director: the resident director is required

Taxation

  • Corporate income tax rate 30%
  • Capital gains tax rate 30%
  • Branch tax rate 30%
  • Withholding tax
  • General interest rate 10%
  • License fees from patents 30%
  • Tax losses can be carried forward without limitation to income earned in subsequent years
  • The state VAT rate is 7.5%, local municipalities set VAT up to 10%
  • Double taxation agreements with various countries were applied, determining tax rates on dividends, interest and royalties
  • Accounting and its management is necessary
  • Audit is not mandatory unless it is a large company
  • Anonymity and privacy: Directors and shareholders are accessible to the general public in the register

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