An Australian LLC can be 100% foreign owned. Individual state registration is not required; Clients can conduct business throughout Australia.
Online PR News – 27-March-2014 – Sydney – Singapore City, Singapore – February 27, 2014 - Singapore-based Healy Consultants for the past decade has successfully demonstrated its ability to incorporate a company in Australia within one week without having its Clients to travel for fulfilling formalities.
An Australian limited liability company can be registered within one week, with just one shareholder and one director, who can be of any nationality. A minimum paid up share capital of just US$1 is required Clients will not be required to travel to Australia for incorporation formalities. An Australian LLC can be 100% foreign owned. Individual state registration is not required; Clients can conduct business throughout Australia.
Australian companies face a flat corporate tax rate of 30% for both domestic and international income. Goods and Services Tax (GST) is set at 10%. Individual income tax rate is charged progressively, 46.5% being the upper limit. 44 countries have Double Taxation Treaties with Australia and entrepreneurs can benefit from reduced from withholding taxes here.
Other Benefits of Australia Company Setup
Australian startup companies can benefit from various government incentives available. Austrade, the trade commission in Australia helps international companies to source goods and services from Australia. Austrade also identifies potential Australia investment projects and strategic alliance partners for those intending to pursue company registration.
Government policies in Australia for bureaucratic procedures and licensing are very straight forward and hence forming an Australian company is feasible to entrepreneurs. The legal structure and regulation of laws is strict, this helps foreign entrepreneurs stay protected from frauds. Effective bureaucracy and minimal corruption helpscustomers, suppliers and investors to prefer Australian companies for conducting business with. Also, repatriation of capital and profits is easy since there are no exchange controls.
Apart from the above plus points, Australia’s culture of welcoming foreigners, world class infrastructure and great lifestyle makes it not just a great jurisdiction for business, but also for settling down.
About Healy Consultants
Healy Consultants provide a full range of professional services which include the following:
• Offshore financial services
• Accounting and taxation
• Corporate finance
• Business start up services
• Corporate banking
• Global marketing services
• Company formation
• International trading strategies
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly-sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.