{"id":989678,"date":"2025-11-26T14:51:18","date_gmt":"2025-11-26T14:51:18","guid":{"rendered":"https:\/\/cla.global\/thailand-company-registration\/?page_id=989678"},"modified":"2026-01-07T12:19:32","modified_gmt":"2026-01-07T12:19:32","slug":"australia","status":"publish","type":"page","link":"https:\/\/cla.global\/australia-company-registration\/","title":{"rendered":"Australia Company Registration"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"989678\" class=\"elementor elementor-989678\" 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 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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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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\">DOING BUSINESS IN AUSTRALIA       <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-534015b4 elementor-widget elementor-widget-text-editor\" data-id=\"534015b4\" 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>CLA Consultants Group has assisted our multi-national Clients\u2019 Clients with company registration in Australia. Our professional services include <span class=\"yellow-roman\">i)<\/span>\u00a0Australia company formation services\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0Australia business license registration services\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0Australian nominee director services\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0corporate bank account opening services in Australia\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0Australia company statutory accounting and tax services\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0Australia office rental solutions and\u00a0<span class=\"yellow-roman\">vii)<\/span>\u00a0employee recruitment and visa services.<\/p><p>Choose CLA Consultants for your Australia company setup needs and benefit from our\u00a0<strong>customized services, expertise and exceptional support<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-58ad5f3 elementor-widget elementor-widget-heading\" data-id=\"58ad5f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Benefits and problems of doing business in Australia<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01561b9 elementor-widget elementor-widget-text-editor\" data-id=\"01561b9\" 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>Our multi-national Clients\u2019 are attracted to the Australian market because it presents many business opportunities including:<ul><li>Australia is the world\u2019s 14th largest economy, where English is the primary business language. The key sectors of the Australian economy are health and education (13.2%), mining (11.5%), finance (8.0%), construction (7.4%) and manufacturing (6.0%). Between 1991 and 2019, the country\u2019s economy expanded steadily without recession; and<\/li><li>At present, the most significant growth opportunities in Australia are in sectors such as\u00a0i)\u00a0enhancing digital capabilities and\u00a0ii)\u00a0investment in new technologies and\u00a0iii)\u00a0and\u00a0iv)\u00a0healthcare and renewable energy sources and\u00a0v)\u00a0investment in commodities producers and support services and\u00a0vi)\u00a0cryptocurrency exchanges; and<\/li><li>The Australian labour force is highly educated with a strong multicultural background. Approximately 69% of Australia\u2019s working age population has a university degree, diploma or trade qualification; and<\/li><li>Australia is blessed with an abundance of mineral and agricultural resources and\u00a0i)\u00a0the world\u2019s largest producer of iron ore, gold and uranium and\u00a0ii)\u00a0a world leader in mineral and LNG extraction and\u00a0iii)\u00a0food production. Consequently, natural resources make up 49% of Australia\u2019s exports; and<\/li><li>Most Australian imports include\u00a0i)\u00a0machinery such as computers, vehicles, electrical machinery and equipment and\u00a0ii)\u00a0mineral fuels including oil and\u00a0iii)\u00a0pharmaceuticals and\u00a0iv)\u00a0gems and precious metals and\u00a0v)\u00a0plastics and\u00a0vi)\u00a0furniture; and<\/li><li>The country has a well-developed financial sector.<\/li><\/ul><\/li><li>The Australian Government supplies multiple incentives and grants and exemptions to small companies including:<ul><li>Exemption from an independent statutory annual audit of financial statements; and<\/li><li>Export Market Development Grants to cover the costs of\u00a0i)\u00a0overseas market research and\u00a0ii)\u00a0certain overseas transport expenses and\u00a0iii)\u00a0establishment and maintenance of overseas sales representatives and\u00a0iv)\u00a0advertisements (such as brochures) for overseas distribution and\u00a0v)\u00a0overseas promotions such as trade fairs and exhibitions and\u00a0vi)\u00a0costs related to quotations and tenders for overseas export business; and<\/li><li>Export insurance and finance to cover commercial and political risks including\u00a0i)\u00a0bankruptcy of the buyer and\u00a0ii)\u00a0indemnification against non-payment of goods by the buyer and\u00a0iii)\u00a0repudiation by the buyer under an enforceable contract; and<\/li><li>The Manufacturing in Bond (MiB) program that allows the manufacturing of goods in a Customs-licensed warehouse, using imported components without duty. A firm with MiB approval will be able to import dutiable goods into a licensed warehouse free of goods and services tax and duty. If the goods are later re-exported, either in their original or manufactured form, no goods and services tax or duty is incurred; and<\/li><li>A 43.5% refundable tax offset for eligible entities undertaking eligible research and development (R&amp;D) activities; and<\/li><li>An exemption from capital gains tax on the sale of non-portfolio shareholdings in a foreign company held by an Australian company, where the foreign company has an active underlying business; and<\/li><li>Under the Venture Capital Limited Partnership (VCLP) program, certain foreign VCLP investors are exempt from capital gains on the profits of the VCLP\u2019s eligible venture capital investments; and<\/li><li>There is no longer stamp duty on the transfer of shares.<\/li><\/ul><\/li><li>Australia boasts a well-established transparent legal system for litigation and arbitration, inherited from the British model. Typically, it takes around 402 days to enforce a business contract in Australia, which is significantly shorter than the average in other OECD countries. Business in Australia is conducted in a transparent, well-regulated and politically stable environment. Thus, robustly protecting multi-national Clients\u2019 investments with\u00a0i)\u00a0strong IP laws for trademarks and copyright and patents and trade secrets and\u00a0ii)\u00a0quality local franchise rules and\u00a0iii)\u00a0detailed anti-competitive conduct by rival companies including misuse of market power and\u00a0iv)\u00a0strong consumer protection laws including product safety and\u00a0v)\u00a0prescriptive laws re packaging, labelling, ingredients, marketing and sale of certain products and\u00a0vi)\u00a0strong anti-bribery laws at federal, state and territory levels. Australia is a signatory to the United Nations Convention Against Corruption and the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions; and<\/li><li>Australia has an AAA international credit rating with a well-developed, sophisticated financial market. As an ASX Exempt Foreign Listing, a foreign company can fast list its securities on the ASX and not required to comply with the majority of the ASX Listing Rules. Furthermore, investors with access to the US markets are also able to invest in certain ASX-listed entities by way of American Depositary Receipts; and<\/li><li>There are simple strategies to legally minimise Australian taxes including:<ul><li>If certain conditions are met, management and service fees paid to an overseas parent company do not suffer Australian withholding tax, while simultaneously allowed as an expense deduction against the Australian subsidiary annual net profits; and<\/li><li>An Australian non-resident branch of a foreign company is legally tax exempt of Australian corporation tax if\u00a0i)\u00a0sales income is derived from overseas customers and\u00a0ii)\u00a0there is no permanent establishment in Australia; and<\/li><li>Local income of an Australian tax resident branch suffers 30% corporation tax. No further Australian taxes are paid when branch profits are remitted overseas; and<\/li><li>Australia has double tax treaties with more than 45 countries, including the USA and most of Western Europe and Asia; and<\/li><li>Australian tax rules provide an exemption for dividends from\u00a0i)\u00a0controlled foreign companies and\u00a0ii)\u00a0branch profits from operations in foreign jurisdictions.<\/li><\/ul><\/li><\/ul><ul><li>It is difficult for an Australian small company to be profitable. Australia is a tax punitive country, with little cash flow left after payment of\u00a0i)\u00a0corporation tax of 30% and\u00a0ii)\u00a0personal income tax of 47% and\u00a0iii)\u00a0withholding tax of 30% on overseas remittances and\u00a0iv)\u00a0fringe benefits taxes of 47% and\u00a0v)\u00a0GST of 10% and\u00a0vi)\u00a0high payroll costs. Furthermore, Australian companies and individuals are taxed on worldwide income. Consequently, the 2023 World Competitiveness Yearbook poorly ranked Australia at 61 out of 63 countries for entrepreneurship;<\/li><li>During the company incorporation process, multi-national Clients\u2019 face some logistical challenges including:<ul><li>All directors of an Australian business must secure a DIN number from the\u00a0<a href=\"https:\/\/www.abrs.gov.au\/director-identification-number\" target=\"_blank\" rel=\"noopener nofollow\">Australian ABRS<\/a>. It can take up to 3 months to secure this number. Fortunately, CLA Consultants Group has a legal workaround solution to minimize a delay to the company incorporation process;<\/li><li>In accordance with Section 201A of the\u00a0<a href=\"https:\/\/www.legislation.gov.au\/Series\/C2004A00818\" target=\"_blank\" rel=\"noopener nofollow\">Australia Corporations Act 2001<\/a>, every Australian Company must appoint at least one director who is ordinarily resident in Australia. Most of our Clients request\u00a0CLA\u00a0Consultants Group to provide a nominee professional, passive resident director;<\/li><li>Securing an Australian Business Number (ABN) can take 6 weeks;<\/li><li>Before multi-currency corporate bank account approval, there is a 75% probability that Australian banks will request a face-to-face meeting with one director or the bank signatory;<\/li><li>The requirements around business regulatory licensing varies from Australian state to state.\u00a0CLA\u00a0Consultants Group will help our Client carefully check licensing requirements in each State; and<\/li><li>Many large Australian banks are reluctant to onboard small businesses. For example, one Australian bank requests businesses to have a minimum annual turnover of A$50 million. With our historical business relationships with Australian banks,\u00a0CLA\u00a0Consultants Group will timely secure multi-currency corporate bank account approvals;<\/li><\/ul><\/li><li>Monthly and quarterly Government reporting is administratively heavy, requiring an average of 23 hours per month. Consequently, it is necessary to appoint independent lawyers and accountants that can be expensive. Statutory reporting obligations include\u00a0i)\u00a0quarterly advance corporation tax payments and\u00a0ii)\u00a0monthly GST payments and\u00a0iii)\u00a0Austrac reports for overseas transactions exceeding A$ 10,000 and\u00a0iv)\u00a0payroll reporting. Furthermore, each of Australia\u2019s states and territories imposes their own form of taxes including stamp duty, payroll tax and land tax;<\/li><li>International trading to and from Australia is difficult because\u00a0i)\u00a0of its remote geographical location and distance from other countries and\u00a0ii)\u00a0high transport and logistical costs and\u00a0iii)\u00a0inefficient customs clearance procedures. This is why the World Bank poorly ranks Australia at 106 out of 250, for trading across borders;<\/li><li>While doing business in Australia, multi-national Clients\u2019 encounter multiple annual challenges including:<ul><li>To solve banking problems, Australian banks require bank signatories to ring, but bankers only accept calls during Australian business hours! impractical and unhelpful for our European and USA Clients\u2019;<\/li><li>Similar to the USA and Canada, our Clients\u2019 need to be familiar with\u00a0i)\u00a0federal law and\u00a0ii)\u00a0State laws and\u00a0iii)\u00a0territory laws and\u00a0iv)\u00a0local council laws; and<\/li><li>Labour relations are highly regulated and favor employees;<\/li><li>Because of stringent environmental protection regulations at federal and state and territory and local council level; our Clients\u2019 may need an environmental licence or permit for their business activity.<\/li><\/ul><\/li><li>Employing Staff in Australian is difficult because:<ul><li>Staff productivity is low because Australian employees\u00a0i)\u00a0must not be required to work beyond a maximum of 38 hours per week and\u00a0ii)\u00a0enjoy a minimum of 20 days of paid annual leave per year and 10 days of paid leave per year and\u00a0iii)\u00a0additional long service leave legislation in each state and territory and\u00a0iv)\u00a0up to 24 months of unpaid leave upon the birth of a child and\u00a0v)\u00a08 public holidays per year. Consequently, the 2022 World Competitiveness Yearbook poorly ranked Australia at 41 out of 63 countries for workplace productivity; and<\/li><li>Australian employees are expensive because\u00a0i)\u00a0employers must contribute 11% to their superannuation fund and\u00a0ii)\u00a0employers must purchase workers\u2019 compensation insurance and\u00a0iii)\u00a0employees enjoy generous redundancy severance payments and\u00a0iv)\u00a0employers must pay fringe benefits tax for non-monetary remuneration and\u00a0v)\u00a0employers must comply with aggressive work health and safety laws and\u00a0vi)\u00a0pay high payroll taxes and\u00a0vii)\u00a0employment laws differ between state and territories and\u00a0viii)\u00a0the strong presence of trade unions and\u00a0ix)\u00a0aggressive anti-discrimination legislation.<\/li><li>Multi-national Clients\u2019 will likely require\u00a0<a href=\"https:\/\/firb.gov.au\/\" target=\"_blank\" rel=\"noopener nofollow\">Australian Government approval<\/a>\u00a0i)\u00a0before they can conduct business in the sectors of mining and agribusiness and media and telecommunications and transport and\u00a0ii)\u00a0before the purchase land and commercial property;<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7483a47 elementor-widget elementor-widget-heading\" data-id=\"7483a47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Best uses for an Australian company<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fbca1a elementor-widget elementor-widget-text-editor\" data-id=\"0fbca1a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>CLA Consultants Group recommends an Australian company as the ideal regional Asia Pacific base because:<ul><li>There are a number of new growth industries emerging including\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0cryptocurrency exchanges\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0online food and grocery delivery platforms\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0ride share and car share services\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0organic crop farming\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0solar power and\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0IT consulting;<\/li><li>Australia is an excellent base from which to market products and services to stakeholders in New Zealand and the Pacific Islands.<\/li><\/ul><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8220a70 #benefits-and-problems elementor-widget elementor-widget-n-accordion\" data-id=\"8220a70\" 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-1360\" 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-1360\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Comparison of company solutions in Australia <\/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-1360\" class=\"elementor-element elementor-element-f6dff7d e-con-full e-flex e-con e-child\" data-id=\"f6dff7d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2e7d84b elementor-widget elementor-widget-text-editor\" data-id=\"2e7d84b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<table id=\"tablepress-1\" class=\"tablepress tablepress-id-1\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Compare different Australian entities<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Branch office<\/th><th class=\"column-4\">Representative office<\/th><th class=\"column-5\">LLP<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Entity locally known as<\/td><td class=\"column-2\">Pty. Ltd.<\/td><td class=\"column-3\">Branch<\/td><td class=\"column-4\">RO<\/td><td class=\"column-5\">LLP<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Best use of legal entity?<\/td><td class=\"column-2\">All products and services<\/td><td class=\"column-3\">Completing projects without an office<\/td><td class=\"column-4\">Marketing and research<\/td><td class=\"column-5\">Professional services<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Legally tax exempt if properly structured?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Corporate bank account location?<\/td><td class=\"column-2\">Westpac<\/td><td class=\"column-3\">Standard Chartered<\/td><td class=\"column-4\">HSBC<\/td><td class=\"column-5\">Commonwealth<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Client must travel to Australia?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Australia Resident director\/partner\/manager required?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Can secure trade finance?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Limited liability entity?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">GST payable on sales to local customers?<\/td><td class=\"column-2\">10%<\/td><td class=\"column-3\">10%<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">10%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Withholding tax on dividends to foreign shareholders?<\/td><td class=\"column-2\">30%<\/td><td class=\"column-3\">30%<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">30%<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Australia tax payable on worldwide income?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\">Average total engagement costs?<\/td><td class=\"column-2\">US$16,292<\/td><td class=\"column-3\">US$16,292<\/td><td class=\"column-4\">AU$9,660<\/td><td class=\"column-5\">AU$9,637<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\">Average total engagement period?<\/td><td class=\"column-2\">2 months<\/td><td class=\"column-3\">2 months<\/td><td class=\"column-4\">2 months<\/td><td class=\"column-5\">2 months<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-1 from cache -->\n<table id=\"tablepress-2\" class=\"tablepress tablepress-id-2\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Accounting and tax considerations<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Branch office<\/th><th class=\"column-4\">Representative office<\/th><th class=\"column-5\">LLP<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Statutory corporation tax payable?<\/td><td class=\"column-2\">25% for SMEs, 30% otherwise<\/td><td class=\"column-3\">25% for SMEs, 30% otherwise<\/td><td class=\"column-4\">0%<\/td><td class=\"column-5\">0%<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Must file an annual Australia tax return?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Must file annual financial statements?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Investment income is legally tax exempt in Australia?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Access to double taxation treaties?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Monthly\/Quarterly GST reporting to the Government?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Legally tax exempt entity?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Must appoint a public officer?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">Dividends received are legally tax exempt?<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-2 from cache --><p>\n<table id=\"tablepress-3\" class=\"tablepress tablepress-id-3\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Company registration<\/th><th class=\"column-2\">Tax resident LLC<\/th><th class=\"column-3\">Branch office<\/th><th class=\"column-4\">Representative office<\/th><th class=\"column-5\">LLP<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Minimum number of shareholders\/partners\/beneficiaries?<\/td><td class=\"column-2\">1<\/td><td class=\"column-3\">Parent company<\/td><td class=\"column-4\">Parent company<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Minimum number of directors\/managers\/trustees?<\/td><td class=\"column-2\">1<\/td><td class=\"column-3\">1<\/td><td class=\"column-4\">1<\/td><td class=\"column-5\">2<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Director ID required for directors in all entities?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Minimum paid up share capital?<\/td><td class=\"column-2\">None<\/td><td class=\"column-3\">None<\/td><td class=\"column-4\">None<\/td><td class=\"column-5\">None<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Shelf companies available?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Time to incorporate a new entity?<\/td><td class=\"column-2\">1 week<\/td><td class=\"column-3\">2 weeks<\/td><td class=\"column-4\">2 weeks<\/td><td class=\"column-5\">1 week<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Can have preference shareholders\/partners\/beneficiaries?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Business considerations<\/td><td class=\"column-2\">Tax resident LLC<\/td><td class=\"column-3\">Branch office<\/td><td class=\"column-4\">Representative office<\/td><td class=\"column-5\">LLP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-3 from cache --><br \/>\n<table id=\"tablepress-4\" class=\"tablepress tablepress-id-4\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Can invoice local customers?<\/th><th class=\"column-2\">Yes<\/th><th class=\"column-3\">Yes<\/th><th class=\"column-4\">No<\/th><th class=\"column-5\">Yes<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Can hire local staff?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Can rent local office space?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Secures a residence visa for business owner?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">Yes<\/td><td class=\"column-5\">Yes<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Good entity for trademark registration?<\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">Yes<\/td><td class=\"column-4\">No<\/td><td class=\"column-5\">No<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-4 from cache --><br \/>\n<table id=\"tablepress-5\" class=\"tablepress tablepress-id-5\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\">Australia has signed free trade agreements?<\/td><td class=\"column-2\">Yes, see AU FTAs page<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\">This country is a member of WIPO and TRIPS?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">This country is a member of the ICSID?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Average custom duties suffered?<\/td><td class=\"column-2\">1.9%<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Government foreign investment approval required?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">Average monthly office rental? (US$ per sq m)<\/td><td class=\"column-2\">A$54<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">Minimum statutory monthly salary?<\/td><td class=\"column-2\">AU$2,600<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">Average monthly US$ salary for local employees?<\/td><td class=\"column-2\">AU$6,500<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">Australia $ deposit interest rate? (1 year average)<\/td><td class=\"column-2\">2.5%<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">US$ deposit interest rate? (1 year average)<\/td><td class=\"column-2\">0.75%<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">Overseas remittance currency controls?<\/td><td class=\"column-2\">No<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\">Public registrar of shareholders and directors?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-5 from cache --><br \/>\n<table id=\"tablepress-6\" class=\"tablepress tablepress-id-6\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Banking considerations<\/th><td class=\"column-2\"><\/td>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Multi-currency bank accounts available?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Corporate visa debit cards available?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">Quality of e-banking platform?<\/td><td class=\"column-2\">Excellent<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">Crowd funding available in this country?<\/td><td class=\"column-2\">Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-6 from cache --><\/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<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27cfb18 #benefits-and-problems elementor-widget elementor-widget-n-accordion\" data-id=\"27cfb18\" 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-4170\" 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-4170\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Australia corporate banking services <\/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-4170\" class=\"elementor-element elementor-element-fe2d291 e-con-full e-flex e-con e-child\" data-id=\"fe2d291\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-79f8e34 elementor-widget elementor-widget-text-editor\" data-id=\"79f8e34\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3><strong>Australian corporate banking problems and solutions<\/strong><\/h3>\n<table id=\"tablepress-8\" class=\"tablepress tablepress-id-8\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">No.<\/th><th class=\"column-2\">Australia banking problem<\/th><th class=\"column-3\">Solution<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1.<\/td><td class=\"column-2\">Australian banks are choosy about the customers they onboard. Top tier banks increasingly focus on large, profitable, low risk corporate Clients. Generally, Australian banks are neither interested in small companies, nor companies incorporated outside Australia.<\/td><td class=\"column-3\">Since 2003, CLA Consultants Group has built quality banking relationships with Australian banks. Local banks trust and welcome our multi-national Clients. A quality business plan is a big help.<br \/>\n<br \/>\nCLA Consultants Group has a guaranteed corporate bank account approval policy.<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2.<\/td><td class=\"column-2\">Global banks continue to tighten corporate bank account opening procedures, their internal compliance departments completing more thorough due diligence of Clients. Consequently, our Clients should expect Australia bank account approval to take up to three months.<\/td><td class=\"column-3\">If our Client requires a bank account at short notice, we recommend an immediate Australia solution (Australian company plus already-approved Australian corporate bank account).<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3.<\/td><td class=\"column-2\">Before, during and after bank meetings, the bank\u2019s In-house Legal and Compliance Department reverts multiple times for additional documentation and information from each i) bank signatory \/ director \/ UBOs of the companies as well as ii) our Client\u2019s business and transactions.<\/td><td class=\"column-3\">If some banks decline to board our Client\u2019s business, CLA Consultants Group will immediately inform our Client and action backup banking solutions<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4.<\/td><td class=\"column-2\">Bank requests foreign directors and bank signatories to travel for a one-hour interview before account numbers are issued.<\/td><td class=\"column-3\">CLA Consultants Group will relentlessly negotiate with the bank to secure a travel waiver.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-8 from cache --><h3><strong>The Australian corporate banking sector<\/strong><\/h3><ul class=\"tick\"><li>Australia is business-friendly, reputable and stable, portraying an excellent image to our multinational Clients\u2019 international customers and suppliers. The country has a secure banking and finance system, and Sydney is a\u00a0<a href=\"https:\/\/www.statista.com\/statistics\/270228\/top-financial-centers-on-the-global-financial-centres-index\/\" target=\"_blank\" rel=\"noopener nofollow\">top 20 global financial centre<\/a>.<\/li><li>The health of Australia\u2019s economy depends heavily on Asian (particularly Chinese) demand for its minerals and natural resources. During economic downturns, such as in 2020, the country\u2019s trade balance and capital account is negatively impacted. Political and trade tensions with China, the biggest importer of Australian natural resources, weighs on the Australian dollar and hampers economic recovery.<\/li><\/ul><ul class=\"cross\"><li>Australia entered its first recession in three decades in 2020. Though the government is\u00a0<a href=\"https:\/\/www.business.gov.au\/\" target=\"_blank\" rel=\"noopener nofollow\">supporting businesses<\/a>, more local entities are going bankrupt, and loan defaults will cause some local banks to seek government assistance. In September 2020, the government announced it would loosen bank lending regulations to boost credit flows and support the economy, although\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0recession\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0high unemployment and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0weak consumer and business sentiment impacts banks\u2019 asset quality in Australia.<\/li><li>Australia recorded a capital flow deficit of\u00a0<a href=\"https:\/\/tradingeconomics.com\/australia\/capital-flows\" target=\"_blank\" rel=\"noopener nofollow\">A$18.6 billion<\/a>\u00a0in the second quarter of 2020 (A$10.8 billion in the previous quarter). In September 2020, Australia\u2019s foreign currency stockpile was AS$438 billion.<\/li><\/ul><ul class=\"tick\"><li>The\u00a0<a href=\"https:\/\/www.rba.gov.au\/\" target=\"_blank\" rel=\"noopener nofollow\">Reserve Bank of Australia (RBI)<\/a>\u00a0is known for maintaining stability of the Australian dollar (one of the world\u2019s most traded currencies), though it rarely intervenes in the currency market. RBI imposes some of the world\u2019s highest interest rates to control inflation.<\/li><\/ul><ul class=\"cross\"><li>In May 2020, Fitch\u202f<a href=\"https:\/\/www.fitchratings.com\/entity\/australia-80442187\" target=\"_blank\" rel=\"noopener nofollow\">downgraded Australia\u2019s sovereign credit rating<\/a>\u00a0to AAA- with a stable outlook.<\/li><\/ul><ul class=\"tick\"><li>Because banks are looking to cut costs, we expect many branches of traditional \u2018high street\u2019 banks to close across Australia, and for more services to be transferred online.<\/li><li><a href=\"https:\/\/www.rba.gov.au\/speeches\/2019\/sp-gov-2019-12-10.html\" target=\"_blank\" rel=\"noopener nofollow\">Digital banks<\/a>\u00a0are licensed to operate in Australia since 2018. These \u2018virtual banks\u2019 are an excellent alternative to conventional banks, with a similar range of services accessed via an app and lower account service fees.<\/li><li>There are no foreign exchange controls in Australia. There is a free flow of funds for remittances of profits, dividends, debt service, capital, capital gains, branch profits, royalties, and returns on intellectual property or imports.<\/li><li>Overall, CLA Consultants Group recommends Australian banks as a solution for local companies doing business globally.<\/li><li>The\u00a0<a href=\"https:\/\/www.apra.gov.au\/\" target=\"_blank\" rel=\"noopener nofollow\">Australian Prudential Regulatory Authority (APRA)<\/a>\u00a0regulates and supervises\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a088 Australia-owned deposit-taking institutions\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0seven foreign subsidiary banks and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a048 branches of foreign banks.<\/li><li>Branches of foreign banks in Australia include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<a href=\"https:\/\/www.hsbc.com.au\/\" target=\"_blank\" rel=\"noopener nofollow\">HSBC<\/a>\u00a0ii)\u00a0<a href=\"https:\/\/home.barclays\/contact-us\/\" target=\"_blank\" rel=\"noopener nofollow\">Barclays Bank<\/a>\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0<a href=\"https:\/\/australia.db.com\/australia\/\" target=\"_blank\" rel=\"noopener nofollow\">Deutsche Bank<\/a>\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0<a href=\"https:\/\/www.jpmorgan.com\/AU\/en\/about-us\" target=\"_blank\" rel=\"noopener nofollow\">JP Morgan Chase<\/a>\u00a0and\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0<a href=\"https:\/\/www.sc.com\/au\/\" target=\"_blank\" rel=\"noopener nofollow\">Standard Chartered<\/a>. The four largest retail banks in Australia are\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0<a href=\"https:\/\/www.commbank.com.au\/?xn=newhp&amp;xv=a&amp;mboxSession=54a5c18c97b944fc90c196cb98e20e1a\" target=\"_blank\" rel=\"noopener nofollow\">Commonwealth Bank<\/a>\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0<a href=\"https:\/\/www.westpac.com.au\/\" target=\"_blank\" rel=\"noopener nofollow\">Westpac Banking Corporation<\/a>\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0<a href=\"https:\/\/www.nab.com.au\/\" target=\"_blank\" rel=\"noopener nofollow\">National Australia Bank (NAB)<\/a>\u00a0and\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0<a href=\"https:\/\/www.anz.com.au\/personal\/\" target=\"_blank\" rel=\"noopener nofollow\">Australia &amp; New Zealand Banking Group (ANZ)<\/a>, which offer\u00a0<a href=\"https:\/\/www.statista.com\/statistics\/953718\/consumer-banks-customer-satisfaction-distribution-australia\/\" target=\"_blank\" rel=\"noopener nofollow\">good online banking and customer service<\/a>. Our relationships with these banks simplifies the process of opening new accounts as your business grows in Australia and worldwide.<\/li><\/ul><ul class=\"cross\"><li>Many Australian banks are reluctant to onboard small businesses. For example, one bank in Australia requests businesses to have a minimum annual turnover of A$50 million to be onboarded.<\/li><li>Other reasons Australian banks give for rejecting new accounts include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0due to security and compliance reasons they are unable to verify new Clients based overseas\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0all new Clients must have an Australian ABN and Australian Securities and Investments Commission (ASIC) listing and must attend the Australia bank branch for verification\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0only opening accounts for wholly-owned by Australian companies (i e they will not onboard a company which is beneficially owned by companies not registered in Australia).<\/li><\/ul><ul class=\"tick\"><li>As well as Australian dollar accounts, local banks offer multi-currency corporate bank accounts in US$, euros, NZ$, sterling and Asian currencies. Banks offer corporate credit and debit cards, cheque books, loans and wealth management products. If you open a foreign currency account along with an Australian dollar account, transfers can easily be made between the two.<\/li><li>Most Australian banks do not charge account opening, maintenance or closing fees.<\/li><\/ul><ul class=\"cross\"><li>On average, Australian banks take three months to issue account numbers and e-banking access.<\/li><\/ul><ul class=\"tick\"><li>Deposits in Australian-incorporated banks, building societies and credit unions are\u00a0<a href=\"https:\/\/www.apra.gov.au\/financial-claims-scheme-0\" target=\"_blank\" rel=\"noopener nofollow\">protected by law<\/a>\u00a0up to A$250,000 per account holder. Although Australian banks rarely fail, the Financial Claims Scheme provides comfort for multinational investors.<\/li><\/ul><ul class=\"cross\"><li>In our experience, Australian banks do not board companies that are not incorporated in Australia.<\/li><\/ul><ul class=\"tick\"><li>Australia is the world\u2019s sixth most cashless country on earth. Even the smallest transactions can be completed by local and international debit and credit cards, as well as methods such as\u00a0<a href=\"https:\/\/www.apple.com\/au\/apple-pay\/\" target=\"_blank\" rel=\"noopener nofollow\">Apple Pay<\/a>,\u00a0<a href=\"https:\/\/www.imrg.org\/australia-payments\/\" target=\"_blank\" rel=\"noopener nofollow\">Merchant Warrior<\/a>,\u00a0<a href=\"https:\/\/www.bambora.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Bambora<\/a>,\u00a0<a href=\"https:\/\/www.securepay.com.au\/\" target=\"_blank\" rel=\"noopener nofollow\">SecurePay<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.fatzebra.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Fat Zebra<\/a>.<\/li><li>All Australian bank branch staff speak English, and correspondence and online banking etc is in English.<\/li><\/ul><ul class=\"cross\"><li>In 2020, Australian banks pay up to 0.9% interest on Australian dollar fixed term deposits.<\/li><\/ul><ul><li>Australia is a signatory to the\u00a0<a href=\"https:\/\/www.healyconsultants.com\/company-formation\/due-diligence\/global-banking-trends\/\" target=\"_blank\" rel=\"noopener\">Common Reporting Standard (CRS)<\/a>, a global initiative to clamp down on tax evasion. As a result, banks operating in Australia share information on accounts and account holders with tax authorities where the company\/individual is tax-resident.<\/li><\/ul><ul class=\"cross\"><li>Similarly, under the\u00a0<a href=\"https:\/\/www.healyconsultants.com\/company-formation\/due-diligence\/global-banking-trends\/\" target=\"_blank\" rel=\"noopener\">Foreign Account Tax Compliance Act<\/a>\u00a0(FATCA), since 2017 Australian banks report information on US account holders to the\u00a0<a href=\"https:\/\/www.irs.gov\/\" target=\"_blank\" rel=\"noopener nofollow\">US Inland Revenue Service<\/a>\u00a0(IRS).<\/li><\/ul><ul><li>It is important that our Clients are aware of their corporate and legal obligations in Australia and that they timely fulfil the same. Let us know if you require CLA Consultants Group\u2019s assistance to timely and efficiently complete your legal and corporate responsibilities.<\/li><\/ul><h3><strong>Australia corporate bank account opening procedure<\/strong><\/h3><ul><li>For our Clients forming a new company in Australia, CLA Consultants Group can assist in opening an international corporate bank account within three months of company formation.<\/li><li>We recommend keeping the corporate structure simple at the time of company incorporation by appointing our Client\u2019s preferred individual shareholder(s) and director(s) and bank signatories. We do not recommend a corporate entity, nominee, trust, or a holding company in a tax neutral jurisdiction.<\/li><li>It is difficult to obtain Australia corporate bank account approval through newly-formed companies when shareholders, directors and bank signatories reside overseas. Depending on the nationality of the UBO, shareholders, bank signatories, and directors and the nature and value of the business assets and transactions, it is wise to expect that\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0corporate bank account approvals will take an average of three months from the date of company registration and receipt of all KYC documentation and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0multiple banks will request the directors AND bank signatories travel for a one hour interview with the bank officer, before bank account opening.<\/li><li>Top-tier Australian banks now require Clients to travel to meet a bank officer.<\/li><li>Following review of the application and before approving the corporate bank account, the bank will request our Client to courier all original corporate and personal due diligence and other supporting documents directly to Australia. These include\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0a notary-certified true copy of your Company Registration Certificate\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0Memorandum &amp; Articles of Association\/Charter disclosing the directors\/shareholders\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0certified true copy of passport for all shareholders\/directors and account signatories\u00a0<span class=\"yellow-roman\">iv)<\/span>\u00a0certified passport size photographs\u00a0<span class=\"yellow-roman\">v)<\/span>\u00a0original certified copy of proof of address\u00a0<span class=\"yellow-roman\">vi)<\/span>\u00a0board resolution appointing the bank signatories\u00a0<span class=\"yellow-roman\">vii)<\/span>\u00a0a letter requesting for opening of the corporate bank account and\u00a0<span class=\"yellow-roman\">viii)<\/span>\u00a0completed, preapproved, and signed bank account opening forms.<\/li><li>During the corporate bank account opening process, it is common for each bank\u2019s in-house Legal and Compliance Department to request additional due diligence documents from potential customers including but not limited to\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0regulatory licences\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0proof of business globally and in home country including evidence of contracts, invoices and agreements with local Clients and\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0additional KYC information on our Client\u2019s business and place of residency, including nature and volume of transactions.<\/li><li>If some banks decline to board our Client\u2019s business, CLA Consultants Group will immediately inform our Client and action backup banking solutions.<\/li><li>Following bank account approval, the bank will email our Client the corporate bank account numbers directly. There is no need for our Client to travel to complete the process.<\/li><\/ul><h3><strong>CLA Consultants Group fees to help open a corporate bank account in Australia<\/strong><\/h3><p>CLA Consultants Group guarantees Australia company bank account approval. Our fees for different banking services include:<\/p>\n<table id=\"tablepress-9\" class=\"tablepress tablepress-id-9\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Australia banking task<\/th><th class=\"column-2\">Our Client travels<\/th><th class=\"column-3\">A$<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">Australia bank account for an Australian company<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">4,950<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">Australia personal bank account<\/td><td class=\"column-2\">No<\/td><td class=\"column-3\">4,950<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-9 from cache --><p>Our multi-currency corporate bank account opening fees cover the following support services:<\/p><ul><li>Preparing a quality business plan for our Client\u2019s review then use the same to maximise the probability of successful multi-currency corporate bank account approval with our Client\u2019s preferred bank.<\/li><li>CLA Consultants Group\u2019s Banking Team completing, on our Client\u2019s behalf, the multi-currency corporate bank account application forms and collating Know Your Customer (KYC) due diligence documents.<\/li><li>CLA Consultants Group\u2019s Banking Team visiting the Australian bank to submit <span class=\"yellow-roman\">i)<\/span>\u00a0required due diligence and\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0signing all required paperwork.<\/li><li>Over the following weeks, the bank officer reverting to CLA Consultants Group multiple times to prepare an accurate, complete multi-currency corporate bank account opening file. When the Australian bank officer is ready, our Client will convene a Skype video call with the bank.<\/li><li>Following successful completion of the above, the bank officer\u00a0<a href=\"https:\/\/www.healyconsultants.com\/corporate-bank-account-opening-process\/submitting-bank-application\/\" target=\"_blank\" rel=\"noopener\">submitting a complete potential customer file<\/a>\u00a0to the bank Legal and Compliance Department.<\/li><li>After several weeks, e-mailing multi-currency corporate bank account numbers to our Client.<\/li><li>Within three weeks, arranging our Client to receive e-banking log-in details including corporate Visa debit cards and cheque books.<\/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-4171\" 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-4171\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Australia investment incentives <\/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-4171\" class=\"elementor-element elementor-element-fa3b36f e-con-full e-flex e-con e-child\" data-id=\"fa3b36f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-684783d elementor-widget elementor-widget-text-editor\" data-id=\"684783d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li>The Australia government offers entrepreneurs a range of investment incentives. The body that manages these initiatives is\u00a0<a href=\"http:\/\/www.austrade.gov.au\/Invest\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">AUSTRADE<\/a>. This government agency, offers assistance with:<ul><li>Training, research &amp; development (R&amp;D), and export market development;<\/li><li>Streamlined immigration procedures;<\/li><li>Sales tax exemption for selected used equipment;<\/li><li>Obtaining information for site selection;<\/li><li>Introductions to relevant government agencies and professional service providers.<\/li><\/ul><\/li><li>One scheme under Austrade is the\u00a0<a href=\"http:\/\/www.austrade.gov.au\/australian\/export\/export-grants\/what-is-emdg\" target=\"_blank\" rel=\"nofollow noopener\">Export Markets Development Grant (EMDG)<\/a>. Under this scheme, small and medium-sized Australian companies are encouraged to develop their export markets. Eligible companies can receive up to 50% reimbursement on export promotion expenses above a threshold of AU$10,000. To be eligible, companies must have spent more than AU$10,000 on export promotion expenses and have annual turnover of less than AU$50 million;<\/li><li>Another Australian government agency is\u00a0<a href=\"http:\/\/www.ausindustry.gov.au\/Pages\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">AusIndustry<\/a>. AusIndustry is under the\u00a0<a href=\"http:\/\/www.industry.gov.au\/Pages\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">Department of Industry, Innovation and Science<\/a>. This agency\u2019s incentives are based on grants schemes where applicants are awarded assistance based on the merits of their application. AusIndustry provides for a large of number of Investment Incentive schemes. Below are some examples of these schemes:<ul><li><a href=\"https:\/\/www.legislation.gov.au\/Details\/F2009L01628\" target=\"_blank\" rel=\"nofollow noopener\">Green Car Innovation Fund<\/a>\u00a0\u2013 Provides grants of 25% of expenditure on projects that promote the R&amp;D and commercialization of Australian fuel optimization or greenhouse gas emission reduction technologies in passenger motor vehicles;<\/li><li><a href=\"http:\/\/www.industry.gov.au\/industry\/IndustrySectors\/TextilesClothingandFootwear\/Pages\/default.aspx\" target=\"_blank\" rel=\"nofollow noopener\">Textile Clothing and Footwear Strategic Capability Program<\/a>\u00a0\u2013 Matches dollar for dollar the R&amp;D expenditure in innovative projects that aim to improve Australia\u2019s textile clothing and footwear industry;<\/li><li><a href=\"http:\/\/www.australiangovernmentgrants.org\/blog\/news-and-events\/retooling-for-climate-change-provides-small-business-financing\/\" target=\"_blank\" rel=\"nofollow noopener\">Retooling for Climate Change<\/a>\u00a0\u2013 Provides grants of between $10,000 to $500,000 to small and medium sized Australian manufacturers with projects that aim to improve their environmental footprint.<\/li><\/ul><\/li><li>Asset management in Australia may also be achieved through\u00a0<a href=\"https:\/\/www.healyconsultants.com\/trusts-and-foundations\/\" target=\"_blank\" rel=\"noopener\">Australia trust formation<\/a>. Another of the important investment options in Australia, this Australia asset management services is designed for entrepreneurs and high net worth investors who need to migrate their assets into an offshore trust. Thereafter, our Clients no longer own the assets, thus minimizing international taxation and optimizing asset protection.<\/li><\/ol><h3>Main requirements for tax incentives eligibility<\/h3><ol><li>The Australian government considers some of the following criteria when assessing eligibility for investment incentives:\u00a0<span class=\"yellow-roman\">i)<\/span>\u00a0would the investment occur without incentive\u00a0<span class=\"yellow-roman\">ii)<\/span>\u00a0does the investment provide economic benefit\u00a0<span class=\"yellow-roman\">iii)<\/span>\u00a0does the investment substitute existing production capacity in Australia and create unfair advantage over rival projects;<\/li><li>Other points to consider when invest in Australia include:<ul><li>Both foreign and Australian investors are eligible for Australia investment incentives;<\/li><li>Australia\u2019s State and Territory governments also actively court inward investment and may offer new incentives to encourage Australia business registration each year;<\/li><li>Australia has strong Intellectual Property (IP) laws in place for those planning to set up a company in Australia to develop or utilise trademarks, copyrights and patents.<\/li><\/ul><\/li><\/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 oncompany 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<div class=\"elementor-element elementor-element-a5da09d e-flex e-con-boxed e-con e-parent\" data-id=\"a5da09d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\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-989678","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989678","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=989678"}],"version-history":[{"count":16,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989678\/revisions"}],"predecessor-version":[{"id":990025,"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/pages\/989678\/revisions\/990025"}],"wp:attachment":[{"href":"https:\/\/cla.global\/australia-company-registration\/wp-json\/wp\/v2\/media?parent=989678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}