{"id":989530,"date":"2025-11-24T09:56:36","date_gmt":"2025-11-24T09:56:36","guid":{"rendered":"https:\/\/cla.global\/thailand-company-registration\/?page_id=989530"},"modified":"2026-01-07T12:22:09","modified_gmt":"2026-01-07T12:22:09","slug":"business-entities","status":"publish","type":"page","link":"https:\/\/cla.global\/australia-company-registration\/business-entities\/","title":{"rendered":"Business entities"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"989530\" class=\"elementor elementor-989530\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d0b809d e-flex e-con-boxed e-con e-parent\" data-id=\"d0b809d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-b424f11 e-con-full e-flex e-con e-child\" data-id=\"b424f11\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-5d1b668 elementor-widget elementor-widget-html\" data-id=\"5d1b668\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n    <style>\r\n    \/* Sidebar Component Styles - Elementor Compatible *\/\r\n    .uk-sidebar-component {\r\n        max-width: 100%;\r\n        font-family: inherit;\r\n        color: inherit;\r\n        line-height: inherit;\r\n        position: relative;\r\n        z-index: 1;\r\n    }\r\n    .uk-sidebar-component * {\r\n        box-sizing: border-box;\r\n    }\r\n    \/* Sidebar Styles *\/\r\n    .uk-sidebar {\r\n        width: 280px;\r\n        background: #f1f5f9;\r\n        border-right: 1px solid #e2e8f0;\r\n        padding: 20px;\r\n        border-radius: 8px;\r\n        height: fit-content;\r\n        flex-shrink: 0;\r\n        position: relative;\r\n        z-index: 1;\r\n    }\r\n    .uk-sidebar h3 {\r\n        background: linear-gradient(135deg, #1a4b5c 0%, 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(max-width: 480px) {\r\n        .uk-sidebar {\r\n            width: 100%;\r\n            padding: 15px;\r\n        }\r\n      \r\n        .uk-sidebar h3 {\r\n            font-size: 14px;\r\n            padding: 10px;\r\n            margin-bottom: 12px;\r\n        }\r\n      \r\n        .uk-menu-item > .uk-dropdown-toggle {\r\n            font-size: 14px;\r\n            padding: 10px 12px;\r\n        }\r\n      \r\n        .uk-submenu li a {\r\n            font-size: 13px;\r\n            padding: 6px 16px;\r\n        }\r\n    }\r\n    <\/style>\r\n<\/head>\r\n<body>\r\n<div class=\"uk-sidebar-component\">\r\n    <!-- Sidebar -->\r\n    <aside class=\"uk-sidebar\" id=\"ukSidebar\" role=\"navigation\" aria-label=\"USA Guide Navigation\">\r\n        <h3>Australia Summary<\/h3>\r\n        <ul class=\"uk-sidebar-menu\">\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"uk-summary\">Australia Summary<\/div>\r\n                <ul class=\"uk-submenu\" id=\"uk-summary\">\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/\">Benefits and problems with Australian companies<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/\">Australian corporate banking solutions?<\/a><\/li>\r\n                    \r\n\t\t\t\t\t \r\n                <\/ul>\r\n            <\/li>\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"uk-structuring\">Australia corporate structuring<\/div>\r\n                <ul class=\"uk-submenu\" id=\"uk-structuring\">\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/\">Company set up strategy<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/business-entities\/\">Business entity types<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/nominee\/\">Resident director services?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/incorporation-steps\/\">Steps to incorporate an Australian LLC!<\/a><\/li>\r\n                     \r\n                <\/ul>\r\n            <\/li>\r\n           \r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"fees-timelines\">Fees and Timelines<\/div>\r\n                <ul class=\"uk-submenu\" id=\"fees-timelines\">\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/fees-and-timelines\/\">Engagement fees?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/fees-and-timelines\/\">Timelines?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"cash-flow\">Cash Flow Considerations<\/div>\r\n                <ul class=\"uk-submenu\" id=\"cash-flow\">\r\n                    <li><a href=\"\">Corporate banking solutions?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/online-business-solutions\/\">E-commerce sales!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/cash-flow-improvement-services\/\">Cash flow improvement services!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/services\/global-marketing-services\/\">Market strategies?<\/a><\/li>\r\n\r\n                <\/ul>\r\n            <\/li>\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"legal-accounting\">Legal + Accounting + Tax<\/div>\r\n                <ul class=\"uk-submenu\" id=\"legal-accounting\">\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/accounting-and-legal\/\">Accounting and tax considerations?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/accounting-and-legal\/\">Legal considerations?<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"support-services\">    Setup Support Services<\/div>\r\n                <ul class=\"uk-submenu\" id=\"support-services\">\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/employment-laws-in-australia\/\">Employment Act in Australia<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/employment-visas\/\">Employment and residence visas?<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/recruitment\/\">Human resources services<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/virtual-office\/\">Find office premises!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/trademark\/\">Trademark registration!<\/a><\/li>\r\n                    <li><a href=\"https:\/\/cla.global\/company-formation-professional-services\/registering-a-holding-company\/support-services\/\">Other support services!<\/a><\/li>\r\n                <\/ul>\r\n            <\/li>\r\n            <li class=\"uk-menu-item uk-has-dropdown\">\r\n                <div class=\"uk-dropdown-toggle\" data-target=\"other-info\">Other Country Information<\/div>\r\n                <ul class=\"uk-submenu\" id=\"other-info\">\r\n                    <li><a href=\"https:\/\/cla.global\/australia-company-registration\/australia-company-formation-frequently-asked-questions\/\">Australia company setup FAQ?<\/a><\/li>\r\n                    \r\n                <\/ul>\r\n            <\/li>\r\n        <\/ul>\r\n    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Elementor compatibility\r\n    \r\n    \/\/ Method 1: Immediate if DOM is ready\r\n    if (document.readyState === 'loading') {\r\n        document.addEventListener('DOMContentLoaded', initUKSidebar);\r\n    } else {\r\n        initUKSidebar();\r\n    }\r\n    \r\n    \/\/ Method 2: Window load (for Elementor)\r\n    window.addEventListener('load', function() {\r\n        setTimeout(initUKSidebar, 100);\r\n    });\r\n    \r\n    \/\/ Method 3: Elementor frontend init (if available)\r\n    if (window.elementorFrontend) {\r\n        window.elementorFrontend.hooks.addAction('frontend\/element_ready\/global', initUKSidebar);\r\n    }\r\n    \r\n    \/\/ Method 4: jQuery ready (if jQuery is available)\r\n    if (typeof jQuery !== 'undefined') {\r\n        jQuery(document).ready(function() {\r\n            setTimeout(initUKSidebar, 50);\r\n        });\r\n    }\r\n    \r\n    \/\/ Method 5: MutationObserver for dynamic content\r\n    if (typeof MutationObserver !== 'undefined') {\r\n        const observer = new MutationObserver(function(mutations) {\r\n            mutations.forEach(function(mutation) {\r\n                if (mutation.addedNodes.length > 0) {\r\n                    for (let node of mutation.addedNodes) {\r\n                        if (node.nodeType === 1 && (node.classList.contains('uk-sidebar-component') || node.querySelector('.uk-sidebar-component'))) {\r\n                            setTimeout(initUKSidebar, 100);\r\n                            break;\r\n                        }\r\n                    }\r\n                }\r\n            });\r\n        });\r\n        \r\n        observer.observe(document.body, {\r\n            childList: true,\r\n            subtree: true\r\n        });\r\n    }\r\n})();\r\n<\/script>\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dae0157 e-con-full e-flex e-con e-child\" data-id=\"dae0157\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-52aa3996 e-con-full e-flex e-con e-child\" data-id=\"52aa3996\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c245dd4 elementor-widget elementor-widget-heading\" data-id=\"c245dd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Types of company structures in Australia<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d016621 elementor-widget elementor-widget-text-editor\" data-id=\"d016621\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A foreign company establishing a business presence in Australia usually establishes an Australian subsidiary company or a branch office.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-259bd79 #benefits-and-problems elementor-widget elementor-widget-n-accordion\" data-id=\"259bd79\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;default_state&quot;:&quot;all_collapsed&quot;,&quot;max_items_expended&quot;:&quot;one&quot;,&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:400,&quot;sizes&quot;:[]}}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3940\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3940\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian limited liability company <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3940\" class=\"elementor-element elementor-element-aac6916 e-con-full e-flex e-con e-child\" data-id=\"aac6916\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cbf6068 elementor-widget elementor-widget-text-editor\" data-id=\"cbf6068\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>The Australian limited liability company (private proprietary company) is the most common type of entity in Australia. Most companies, particularly small companies, are proprietary limited and must include the word \u201cProprietary\u201d and \u201cLimited\u201d or \u201cPty Ltd\u201d in their name;<\/li><li>Forming an LLC in Australia can be done with only\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0one shareholder\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0one resident director\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0no minimum paid-up share capital. To help our overseas Clients\u2019, CLA Consultants Group can provide resident director services;<\/li><li>The private proprietary company must prepare annual financial statements. Only if annual sales exceed AU$75,000 (approximately US$55,000), the Australian authorities require local businesses to register for and report GST;<\/li><li>A proprietary company is prohibited from raising funds from the public.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3941\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3941\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian trading trust <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3941\" class=\"elementor-element elementor-element-407d804 e-con-full e-flex e-con e-child\" data-id=\"407d804\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-bc92546 elementor-widget elementor-widget-text-editor\" data-id=\"bc92546\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>In Australia, a business may be carried on through a trust, where a trustee (often a proprietary limited company) owns assets of the business and carries on the trading activities on behalf of the beneficiaries of the trust.<\/li><li>Income arising from a trust is generally taxed in the hands of the beneficiary rather than the trustee. The trading trust is an interesting business vehicle for a family-owned business.<\/li><li>The most common business trust is a unit trust under which the beneficiaries\u2019 interests in the trust are divided into \u201cunits\u201d. The trading trust is usually structured as a tax transparent entity, not subject to corporate income tax in Australia, provided all its income is transferred to the trust\u2019s beneficiaries;<\/li><li>To obtain an Australian Business Number and a Tax File Number, the trustee(s) must register the trust with the Australian Companies Registrar and with the ATO. Furthermore, it is necessary to appoint a resident trustee and a public officer;<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3942\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3942\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian limited liability partnership (LLP) <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3942\" class=\"elementor-element elementor-element-35264d9 e-con-full e-flex e-con e-child\" data-id=\"35264d9\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6f72eb elementor-widget elementor-widget-text-editor\" data-id=\"d6f72eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>The Australian limited liability company (private proprietary company) is the most common type of entity in Australia. Most companies, particularly small companies, are proprietary limited and must include the word \u201cProprietary\u201d and \u201cLimited\u201d or \u201cPty Ltd\u201d in their name;<\/li><li>Forming an LLC in Australia can be done with only\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0one shareholder\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0one resident director\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0no minimum paid-up share capital. To help our overseas Clients\u2019,\u00a0<span style=\"font-family: 'DM Sans', sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\">CLA\u00a0<\/span>Consultants Group can provide resident director services;<\/li><li>The private proprietary company must prepare annual financial statements. Only if annual sales exceed AU$75,000 (approximately US$55,000), the Australian authorities require local businesses to register for and report GST;<\/li><li>A proprietary company is prohibited from raising funds from the public.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3943\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3943\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian public limited company (unlisted public company) <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3943\" class=\"elementor-element elementor-element-4ddfdf5 e-con-full e-flex e-con e-child\" data-id=\"4ddfdf5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f659a0d elementor-widget elementor-widget-text-editor\" data-id=\"f659a0d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Registration of a public company in Australia follows similar requirements to those of a proprietary company. The main differences are i) the need to appoint at least three directors, two ordinarily resident in Australia and ii) the obligation for the annual financial statements to be submitted for an independent statutory annual audit; and<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3944\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3944\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian branch <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3944\" class=\"elementor-element elementor-element-0cbcd96 e-con-full e-flex e-con e-child\" data-id=\"0cbcd96\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7d62890 elementor-widget elementor-widget-text-editor\" data-id=\"7d62890\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li>A foreign company wishing to establish a place of business or carry on a business in Australia without incorporating a local subsidiary must register as a foreign company with ASIC and obtain an ARBN;<\/li><li>The incorporation of a branch requires the appointment of a local agent to accept notices on behalf of the foreign company and a legal registered office address. After its registration, the branch must submit annual financial statements to the Australian Companies Registrar (ASIC);<\/li><li>An overseas company carrying on business in Australia through a branch is subject to Australian company tax at the current rate of 30% on profits attributable to that branch;<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3945\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3945\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> The Australian representative office <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3945\" class=\"elementor-element elementor-element-e5792b2 e-con-full e-flex e-con e-child\" data-id=\"e5792b2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-47d601b elementor-widget elementor-widget-text-editor\" data-id=\"47d601b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A foreign company which does not intend to conduct business in Australia may seek to establish a representative office for marketing and research. The representative office is allowed to conduct only limited, non-commercial activities in Australia; and<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-3946\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"7\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-3946\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Setting up an Australia financial services company <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><i aria-hidden=\"true\" class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t<span class='e-closed'><i aria-hidden=\"true\" class=\"fas fa-plus\"><\/i><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-3946\" class=\"elementor-element elementor-element-482ba3d e-con-full e-flex e-con e-child\" data-id=\"482ba3d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-ecb347c elementor-widget elementor-widget-text-editor\" data-id=\"ecb347c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul>\n<li>To conduct financial services businesses in Australia,&nbsp;<span style=\"font-family: &quot;DM Sans&quot;, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\">CLA&nbsp;<\/span>Consultants Group will secure an Australia Financial Services (AFS) licence for our Clients. This licence is regulated by ASIC;<\/li>\n<li>An AFS licence is required if the business activity includes&nbsp;<span>i)<\/span>&nbsp;providing financial product advices to customers&nbsp;<span>ii)<\/span>&nbsp;dealing with financial products&nbsp;<span>iii)<\/span>&nbsp;market making&nbsp;<span>iv)<\/span>&nbsp;custodial or depository services or&nbsp;<span>v)<\/span>&nbsp;trustee company services;<\/li>\n<li>ASIC reviews and approves licence applications within four months. During the review, there is a 70% probability ASIC will revert asking for additional know your customer (KYC) documents.<\/li>\n<\/ul>\n<p><strong>Steps to take for AFS licence application<\/strong><\/p>\n<ol>\n<li>Prior to licence application,&nbsp;<span style=\"font-family: &quot;DM Sans&quot;, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\">CLA&nbsp;<\/span>Consultants Group will assist our Client to prepare required documents such as&nbsp;<span>i)<\/span>&nbsp;a quality business plan&nbsp;<span>ii)<\/span>&nbsp;licence application form&nbsp;<span>iii)<\/span>&nbsp;\u2018fit and proper\u2019 people proofs&nbsp;<span>iv)<\/span>&nbsp;organisational competence and&nbsp;<span>v)<\/span>&nbsp;financial statements and financial resources;<\/li>\n<li>If required,&nbsp;<span style=\"font-family: &quot;DM Sans&quot;, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\">CLA&nbsp;<\/span>Consultants Group will assist our Client to draft internal control documents such as&nbsp;<span>i)<\/span>&nbsp;risk management policies&nbsp;<span>ii)<\/span>&nbsp;external dispute resolutions&nbsp;<span>iii)<\/span>&nbsp;AML\/CFT policies and&nbsp;<span>iv)<\/span>&nbsp;general terms and conditions;<\/li>\n<li>To qualify for an AFS licence, our Client is required to have local economic substance.&nbsp;<span style=\"font-family: &quot;DM Sans&quot;, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400;\">CLA&nbsp;<\/span>Consultants Group will help to secure a local physical office in the Central Business District, as well as help hire qualified local employees. One local employee should be appointed as a Responsible Manager and is required to be fit and proper. Thereafter, monthly rentals and salaries will be paid directly by our Client to the landlord and employees;<\/li>\n<li>In the event ASIC decides to grant our Client an AFS licence, a draft licence will be issued. Once our Client confirms to proceed, ASIC will send a requirements letter. Our Client is given a timeline to finalise any outstanding matters as quickly as possible;<\/li>\n<li>Once step 4 is completed, ASIC will send the final licence to our Client. The final licence will include&nbsp;<span>i)<\/span>&nbsp;licensee\u2019s name&nbsp;<span>ii)<\/span>&nbsp;Australian Business Number (ABN)&nbsp;<span>iii)<\/span>&nbsp;licence number and iv) date of effect of the licence. Our Client will then be able to legally conduct financial services in Australia.<\/li>\n<\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e487fd elementor-widget elementor-widget-html\" data-id=\"2e487fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\r\n.uk-company-widget * {\r\nbox-sizing: border-box !important;\r\n}\r\n\r\n\/* CTA Section *\/\r\n.uk-cta {\r\npadding: 40px !important;\r\nborder-radius: 10px !important;\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\ntext-align: center !important;\r\nfont-size: 20px !important;\r\nfont-weight: bold !important;\r\nmargin: 30px 0 !important;\r\nbox-shadow: 0 5px 15px rgba(0,0,0,0.1) !important;\r\n}\r\n\r\n\/* Buttons *\/\r\n.uk-btn {\r\ndisplay: inline-block !important;\r\npadding: 10px 20px !important;\r\nborder-radius: 6px !important;\r\nfont-weight: bold !important;\r\nborder: none !important;\r\ncursor: pointer !important;\r\ntransition: all 0.3s ease !important;\r\ntext-decoration: none !important;\r\nfont-size: 14px !important;\r\n}\r\n\r\n.uk-btn-gradient {\r\nbackground: linear-gradient(135deg, #1a4b5c 0%, #2c6e7f 100%) !important;\r\ncolor: #fff !important;\r\n}\r\n\r\n.uk-btn-gradient:hover {\r\nopacity: 0.9 !important;\r\n}\r\n\r\n\/* Contact Section *\/\r\n.uk-contact {\r\nborder: 1px solid #e2e8f0 !important;\r\nborder-radius: 8px !important;\r\nbackground: #f1f5f9 !important;\r\npadding: 20px !important;\r\nmargin: 20px 0 0 0 !important;\r\n}\r\n\r\n.uk-contact h4 {\r\nmargin: 0 0 10px 0 !important;\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n.uk-contact p {\r\nmargin: 0 0 15px 0 !important;\r\ncolor: #475569 !important;\r\n}\r\n\r\n.uk-person {\r\ndisplay: flex !important;\r\nalign-items: center !important;\r\ngap: 15px !important;\r\n}\r\n\r\n.uk-person img {\r\nwidth: 60px !important;\r\nheight: 60px !important;\r\nborder-radius: 50% !important;\r\nflex-shrink: 0 !important;\r\n}\r\n\r\n.uk-person strong {\r\ncolor: #1a4b5c !important;\r\nfont-size: 16px !important;\r\n}\r\n\r\n\/* Responsive Design *\/\r\n@media (max-width: 480px) {\r\n.uk-cta {\r\npadding: 30px 20px !important;\r\nfont-size: 18px !important;\r\n}\r\n}\r\n\r\n<\/style>\r\n<\/head>\r\n<body>\r\n\r\n\r\n\r\n\r\n\r\n\r\n<!-- CTA -->\r\n<div id=\"uk-cta-section\" class=\"uk-cta\">\r\nRegister your company  now! <br>\r\nCLA Group has the solution to help you grow.\r\n<\/div>\r\n\r\n<!-- Contact -->\r\n<div class=\"uk-contact\">\r\n<h4>Contact us<\/h4>\r\n<p>For more info on company registration, please contact our expert directly:<\/p>\r\n<div class=\"uk-person\">\r\n\r\n<div>\r\n<strong>Mr. Petar Chakarov<\/strong><br>\r\nSenior Manager, Sales & Business Development<br>\r\n<a href=\"https:\/\/cla.global\/free-consultation\/\" class=\"uk-btn uk-btn-gradient\">\r\n\r\nGet in touch\r\n\r\n<\/a>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n<\/body>\r\n<\/html>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>CLA assists multi-national Clients\u2019 with business set up in every country on the planet.<\/p>\n<p>For transparency purposes and to help multi-national Clients\u2019 budget future engagement fees, this page outlines average total engagement fees for every country on the planet.<\/p>\n<p>Click on the regional headings to see fees for every jurisdiction around the world.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-989530","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/comments?post=989530"}],"version-history":[{"count":24,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989530\/revisions"}],"predecessor-version":[{"id":990028,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989530\/revisions\/990028"}],"wp:attachment":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/media?parent=989530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}