Foreign Company Setup
Foreign investors who are willing to expand their business in Australia could choose to register a foreign company in Australia. For the scope of this article, it is assumed that the overseas entity is running under a corporate structure and looking to expand operations within Australia and need a corporate presence and hence in the need of a foreign company setup in Australia.
In Australia, The Australian Securities and Investments Commission (ASIC) is the regulatory authority for all businesses setup under a company or a corporate arrangement. ASIC has strict guidelines based on which companies are allowed to operate. Such businesses can seek a permission to register a foreign company in Australia by following ASIC’s guidelines to be able to officially function. These registered foreign companies in Australia could have similar rights and features as any other local company registered in Australia, however, will have more onerous reporting guidelines to follow in comparison to locally owned Australian companies.
If you are looking to register a similar business in Australia, we can put your apprehensions to rest. Feel free to contact us on 0430146789 / 0430405369 and we shall assist you with your enquiry and through this process.
