We offer a wide variety of corporate services in Australia. Please visit our drop down menu below for additional information for your specific request.
IBCF Services in Australia
- Entity Formations and Foreign Registrations
Australia entity formations are fairly simple with the right help! Australian Securities and Investments Commission (ASIC) requirements and the Corporation Act of 2001 allow for structures such as Private Proprietary Companies (most popular), Australian Trading Trusts, Public Limited Companies and LLPs. As with any jurisdiction, always make sure to research the market and the entity structure that will best fit your needs and requirements
The formation process itself is straightforward and generally takes a few days: our corporate specialist will complete and submit formation documents and once that is submitted to the corporate registry, the new entity will be assigned an Australian Company Number, its identifier with the corporate registry. Once the entity is formed, you can apply for an Australian Business Number with the Tax Authority.
Private Proprietary Company, also known as Australian Limited Liability
Company Generally speaking, the Australian Limited Liability Company only requires one shareholder and one director, there is no minimum paid in capital and only one of the directors must be an Australian Citizen, making it an attractive choice for foreign businesses.
Australian Trading Trust
We have seen clients use this structure (as a trust) as an alternative to a trading company. The trading trust is generally structured as a tax transparent entity not subject to corporate income tax.
Limited Liability Partnership (LLP)
The Australia Partnership Act of 1963 allows for Limited Partnership formations between general partners who are liable for their partners’ business activities against their personal assets, and limited partners who are only liable for the committed contribution at the formation. One partner has to be an Australian Citizen.
Public Limited Company
This structure is very similar to an LLC; however, this entity structure requires a minimum of three directors, two of which need to be Australian Citizens. As many other tax implications may apply, we would recommend seeking advice from a tax professional.
Australia is also friendly to foreign entities that choose to do business there. The process for a foreign entity to register an entity into Australia is very similar to that of forming a domestic entity. Additional documentation such as good standings and certified copies may be needed from the domestic jurisdiction. Please reach out to IBCF if you are looking to establish a branch or representative office.
- Registered Agent/Registered Office
For additional information about this service, speak with a corporate specialist directly at +1 845 398 0900 or complete the contact form and a corporate specialist will contact you shortly.
- Document Retrievals (i.e Good Standing, Certified Copy)
The ASIC does not issue what is known as a Certificate of Good Standing, but they do issue a Certificate of Registration, which is most equivalent. This certificate will confirm the entity is registered with the corporate registry in Australia. Certified copies are also available.
Being a Hague Convention member, Australia accepts and issues the Apostille. However, if a document needs to be used in a non-Hague country, the document can be legalized at a country’s consulate in Australia or in the country that has jurisdiction over Australian Documents. Australia consulates in other non-Hague countries can legalize foreign documents to be used in Australia. Please ask IBCF for more information as the legalization process can be complex and varies from jurisdiction to jurisdiction.
- Due Diligence Searches (i.e Lien, Judgment, Bankruptcy)
The Personal Property Securities Register (comparable to the UCC) is an electronic register that allows security interests in personal property to be registered and searched in accordance with the Australian Personal Property Securities Act 2009. The PPSR is used by both secured parties (creditors) and consumers. The PPSR can be used to assess the level of risk that a debtor may represent to a creditor. Before entering into a contractual relationship with a debtor, a creditor may search the PPSR to check whether they may pose a risk. IBCF assists with both searches and filings at the PPSR.
Doing business in a foreign jurisdiction is time consuming enough, let alone the corporate governance and reporting that goes with it.
Partnering with IBCF as your single point of contact can assure you that your critical corporate compliance requirements are handled in a timely, expeditious and cost conscious manner.
An overview of our corporate compliance offerings include:
• Manage yearly jurisdictional compliance requirements and information
• Preparation and filing of statutory filings with corporate registry
• Maintenance of corporate information on compliance specific platform
• Due date tracking capabilities
• Maintain company shareholders and minutes
• Prepare board and/or shareholder resolutions
• Prepare and file audit documents related to corporate changes
• Prepare and file director, officer and shareholder changes
• Prepare meeting documents
• Registered Agent/Registered Office
*Availability of Services are subject to change
For additional information and pricing about our corporate compliance offerings, please contact us and a compliance specialist will contact you shortly.