THE ART OF BEING LOCAL
IN Australia
Company formation in Australia
Setting up a company in Australia is an attractive option for entrepreneurs who want to establish their business in a dynamic and economically strong country. With its stable economy, high standard of living and wide range of business opportunities, Australia attracts entrepreneurs from all over the world.
The country has a well-developed infrastructure network and a powerful telecommunications infrastructure that enables companies to work efficiently and connect with customers all over the world.
The government provides a variety of incentives and support measures for companies, including tax breaks, grants and funding programmes.
Overall, Australia offers ideal conditions for entrepreneurs looking to expand their business or start up in a friendly and supportive environment. With a strong economy, simple business laws and access to global markets, Australia is an attractive place to start a business.
Entrepreneurs who want to set up a business in Australia should ideally contact InterGest Australia during the planning phase. Here they receive administrative support when setting up a company locally.
Rebecca Beitzel heads the Business Processing Outsourcing division and also assists with the establishment of business entities in Australia. Rebecca Beitzel‘s main focus is to manage the clients’ day-to-day accounting needs including banking, payroll, general ledger and debtors management. She counts many international companies amongst her clients. A qualified Chartered Accountant, Rebecca Beitzel‘s career spans over 25 years and includes international experience in New York.
Advantages of setting up a company in Australia
A major advantage of setting up a company in Australia is the simple and straightforward incorporation procedure. Compared to other countries, the bureaucratic effort in Australia is low, which speeds up and facilitates the start of a company.
Australia offers an attractive tax system for companies with low corporate taxes and various tax benefits.
A major advantage of setting up a company in Australia is access to a broad market. Australia has a robust economy with strong purchasing power and a growing demand for products and services. Companies can benefit from a stable market environment and numerous business opportunities.
Australia offers a wide range of support programmes and assistance for entrepreneurs. The country has government and private organisations that offer advice, funding and support for start-ups.
InterGest Australia provides detailed information on setting up a company and assists companies in establishing themselves on the Australian market.
Preparations for setting up a company in Australia
Preparing to set up a company in Australia can be a challenging task, but with the right planning and preparation it can be successfully mastered.
It is important to find out about the different business structures in Australia in order to choose the one that best suits your needs. The most common business structures include the sole proprietorship, the limited liability company (LLC) and the partnership.
This includes registering the company with the Australian Securities and Investments Commission (ASIC) and obtaining all the necessary licences and permits to operate the company.
Furthermore, a thorough market analysis should be conducted to better understand the potential business environment and market demand. It is important to be aware of the legal requirements and regulations for setting up a business in Australia to avoid legal issues.
Creating a business and financial plan that includes a clear vision for the company and its goals is essential, also to assess the financial requirements and profitability of the business. This is where InterGest Australia comes in. The specialist consultancy was established in 1994 to help foreign companies plan and realise a business base in Australia.
Choice of corporate form
When setting up a company in Australia, the choice of company form is paramount. Choosing the right company form is crucial as it affects liability, tax advantages and the structure of the company.
In Australia, there are various forms of company, including the limited liability company (GmbH), the general partnership (OG) and the limited partnership (KG). Careful selection of the company form is crucial to minimise both legal and financial risks.
The limited liability company is a popular form of company in Australia as it offers founders limited liability. This means that the founders' personal assets are protected if the company becomes insolvent or is involved in legal disputes. The formation of a limited liability company requires the fulfilment of certain legal requirements and registration in the commercial register.
The general partnership and the limited partnership are other options available in Australia. A general partnership is a partnership between at least two people in which all partners have unlimited liability. In a limited partnership, there are both personally liable partners and silent partners who are only liable for their contribution.
Before deciding on a particular company form, it is advisable to seek expert advice. InterGest Australia helps you to understand the advantages and disadvantages of the various company forms and to make the best choice for your planned company.
Legal framework
Setting up a company in Australia is subject to certain legal conditions that must be observed.
For example, minimum capital requirements must be met when setting up a limited liability company (GmbH). It is also important to register the company with the Australian Commercial Register and to have a business address in Australia.
There are also tax aspects to consider, such as registration for the Australian Business Number (ABN) and GST for sales above a certain threshold.
Labour law provisions must be taken into account, such as minimum wage regulations and job security. There are also industry-specific regulations that must be observed depending on the business activity.
InterGest Australia provides companies with a complete range of services for setting up a foreign branch - from payroll, business process outsourcing, accounting, ongoing tax and legal advice to the day-to-day implementation of fiduciary administrative work, reporting and controlling.
Support options for founders in Australia
In Australia, there are numerous support options for entrepreneurs looking to start a business. Whether it's financial resources, advice or networks, there are various organisations and programmes available to help founders.
One popular point of contact, for example, is the organisation "StartupAus", which specialises in supporting start-ups in all phases of their growth. They not only offer financial support through various funding programmes, but also advice and mentoring from experienced entrepreneurs.
The Australian government offers various programmes to support start-ups, such as the "Entrepreneur Visa", which enables foreign companies to set up a business in Australia. There are also various funding programmes that offer financial support for innovative start-ups.
There are numerous coworking spaces and incubators in Australia where founders can benefit from an inspiring environment and a network of like-minded people. These places offer events and workshops that help founders to expand their knowledge and make important contacts.
All in all, there are many opportunities for companies to receive support when setting up a business in Australia. Thanks to the large number of organisations, programmes and networks, founders have the chance to successfully build and establish their company.
InterGest Australia supports you in setting up a company
Setting up a company in Australia offers numerous advantages, such as a stable economy, low bureaucratic hurdles and attractive tax incentives. With broad access to global markets and a supportive government landscape, Australia is an ideal location for new businesses.
InterGest Australia offers comprehensive services, from planning to operational support, and helps entrepreneurs to successfully establish their business in the Australian market. In the future, InterGest Australia will continue to be a strategic local partner to support the expansion of international businesses into Australia. By working closely with Accru Felsers, a leading accounting firm, InterGest Australia ensures the highest standards of advice and support.
