With a mixed market economy and low unemployment rate, Australia is one of the ideal locations to expand your business.
However, legal complexity, recent tax reform, and foreign trade barriers pose a challenge for company formation in Australia. NNRoad’s team of experts guides firms through the complex incorporation process, minimizing risks for smooth market entry.
A Proprietary Limited Company (Pty Ltd) is the most common business structure in Australia. No more than 50 shareholders permitted, therefore it is limited by shares where members are liable only to the extent of any unpaid amounts on their shares.
There are both, large and small proprietary companies. A proprietary company is considered to be large if it satisfies at least two of the following criteria:
A Sole trader business structure is a sole person trading as the individual legally responsible for all aspects of the business. This includes any debts and losses, which can’t be shared with others. This is the easiest and low-cost business structure when starting a business in Australia.
A Branch Office is a registered legal entity that is treated as a prolongation of the foreign parent company. if you are running a medium to a large-sized business that has specialized operations in international locations, and intend to conduct a wide range of business activities in Australia, a Branch Office make it eligible.
A Representative Office is a temporary setup that enables foreign companies to research the market or manage company affairs in Australia, however, It won’t allow conducting any profitable business activity.
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