Register a Company in Australia

Australia is a highly developed country with a mixed-market economy. Seventy-five per cent of Australian trade is with fast-growing economies in the Asia region. As of 2022, Australia was the 14th-largest national economy by nominal, the 20th-largest by PPP-adjusted GDP, and was the 22nd-largest goods exporter and 24th-largest goods importer. Australia is well placed to become a renewable energy superpower. Choose Australia to start a Company.

This simple business format fits Individuals who wish to trade legally on their own. It is a perfect choice for small riskless businesses with modest capital investment.

If the business’ annual turnover exceeds 75k AUD, it needs to get registered for paying the Goods and Services Tax.

A form of a partnership fits businesses that unite a small group of people (not more than 20) who work together and distribute the common revenues between themselves. A partnership agreement must specify how exactly a revenue or a loss must be distributed.

Under Australian law, a proprietary limited company (abbreviated as 'Pty Ltd') is a business structure that has at least one shareholder and no more than 50 non-employee shareholders, where the liability of shareholders is limited to the value of shares. Proprietary companies may be 'limited by shares' or 'unlimited with a share capital'.

• Small Proprietary company

A proprietary company is defined as small if it satisfies two of the following:

• The consolidated gross operating revenue of the financial year of the company and any entities it controls is less than $50 million.
• The value of the consolidated gross assets at the end of the financial year of the company and the entities it controls is less than $25 million.
• The company and any entities it controls have fewer than 100 employees.
• Large proprietary company

A proprietary company is a large proprietary company for a financial year if it satisfies at least 2 of the following paragraphs:

- the consolidated revenue for the financial year of the company and the entities it controls (if any) is $50 million, or more.

- the value of the consolidated gross assets at the end of the financial year of the company and the entities it controls (if any) is $12.5 million, or more.

 - the company and the entities controls (if any) have 100, or more employees at the end of the financial year.

The same as a proprietary company limited by shares, a public company that is limited by shares is a company where the liability of its members is limited to the nominal amount of their shares

The difference with a company that is limited by guarantee is that members can guarantee a fixed amount to be undertaken to contribute to the company when it is wound up. These types of companies have no share capital

Like its private counterpart, an unlimited public company with a share capital is a company where its members liability is not limited

In Australia, a no liability public company is a type of public company that has share capital without liability but does not have a contractual right to recover calls made on its shares from a shareholder who fails to pay them. They can only be used where the principal activity of the company is that of mining or resource exploration

All companies are subject to a federal tax rate of 30% on their taxable income, except for ‘small or medium business’ companies, which are subject to a reduced tax rate of 25%. The reduced tax rate applies only to those companies that, together with certain 'connected' entities, fall below the aggregated turnover

Foreign residents doing business in Australia need to register in tax system and pay taxes in Australia. This depends on the country of origin having a tax treaty with Australia, the scale and nature of the business and permanent establishment in Australia

The Australian business number (ABN) is a unique 11-digit identifier that makes it easier for businesses and all levels of government to interact.

As a non-resident entity, it may be entitled to an ABN where:

• it is carrying on an enterprise or business in Australia,
• make sales connected with Australia while carrying on an enterprise.

One must register for GST in Australia if both of the following apply:

• Carrying on a business or enterprise.
• GST turnover from sales connected with Australia from enterprise is equal to, or greater than the registration turnover threshold of A$75,000 (or A$150,000 if you are a non-profit organisation).