Register a Company in Australia
Registering a company in Australia is straightforward when you know the right process. With Block3 Finance at your side, you can focus on scaling your business while we take care of the administrative tasks.
Our team of experts ensures a smooth and efficient company setup experience, with the goal of having your new business fully operational within the agreed timeline.
Our Business Registration Service Package Includes
Company registration with the Australian Company Registry (ASIC)
Professional nominee director services in Australia
Local company secretary and registered office address
Corporate bank account opening
Australia Business Number (ABN) and Tax File Number (TFN) registration
Tax registration and ongoing accounting services
When Can You Expect to Start Your Business?
Block3 Finance can complete your company registration in Australia within 1 week. Once we receive the necessary documents from directors and shareholders, we will check the availability of your preferred company name with the Australian Company Registry.
The entire process can be completed online, so there’s no need to travel to Australia. After incorporating your company, we’ll submit the application to the Australian Business Register (ABR).
You’ll receive your company’s legal documents—certificate of formation, memorandum & articles of association, and the register of directors and shareholders.
Within 4 weeks of company formation, we’ll assist with opening a corporate bank account with a reputable bank (local or international). If additional KYC verification is needed, we’ll arrange an online video call to complete the process.
As a result, you’ll be able to start operations and issue invoices with your Australian company within 5 weeks of engaging Block3 Finance.
Types of Companies in Australia
Australia is a key business hub in the Asia-Pacific region, offering various company structures. At Block3 Finance, we help you select the most suitable business structure based on your objectives, tax obligations, and potential personal liabilities.
1. Proprietary Limited Company (Pty Ltd)
The most common and suitable business entity for foreign investors in Australia is the Proprietary Limited Company (Pty Ltd), which is equivalent to an LLC in other countries. A Pty Ltd company is a fully independent legal entity, with the following features:
At least 1 shareholder and no more than 50 non-employee shareholders
Limited liability: Shareholders are not personally liable for company debts
Tax obligations: Pty Ltd companies must file annual tax returns with the Australian Taxation Office (ATO) and register for Goods and Services Tax (GST) if the turnover exceeds $75,000
Requirements for Pty Ltd Company:
1 shareholder of any nationality
1 local resident director
1 local resident public officer
1 company secretary
A local Australian registered address
2. Partnership
Partnerships in Australia are structured with 2 to 20 partners sharing the profits and losses. There are three types of partnerships:
General Partnership (GP): All partners have unlimited liability
Limited Partnership (LP): Liability is limited based on the partnership agreement
Incorporated Limited Partnership (ILP): Combines aspects of GP and LP, with at least one partner having unlimited liability
Steps to Register a Company in Australia
1. Acquiring Director Identification Number (DIN): The Director Identification Number (DIN) is required for all directors in Australia. You’ll need to apply for this number through the Australian Securities and Investments Commission (ASIC). The process typically takes 6–8 weeks.
2. Register the Business with the Australian Business Registration System (BRS): Once the business name is reserved, submit the required documents to the Australian Business Register (ABR) for an Australian Business Number (ABN) or Australian Company Number (ACN).
3. Reserve Your Preferred Business Name: Check if your preferred business name is available and reserve it with ASIC.
4. Register Your Business: Review the application and submit the necessary documents, including the Articles of Incorporation. You’ll also need to pay the government fees.
5. Meeting All Post-Registration Requirements: Once your business is registered, we’ll handle the tax registration with the Australian Taxation Office (ATO) and secure any necessary licenses for your business operations.
6. Open a Corporate Bank Account: We’ll assist with opening a corporate bank account for your Australian company.
7. Ongoing Compliance: We will ensure your company remains compliant with Australian laws, including tax filing, reporting, and notifying ASIC of any changes in business structure.
Documents Required to Register a Company in Australia
Application Form
Company constitution
Director and shareholder consent
Proof of identity for directors and shareholders
Proof of address for directors and shareholders
Tax File Number (TFN) for directors (if applicable)
Corporate shareholder documentation
Certified copies of passports, identification, and proof of income
Common Challenges When Registering a Company in Australia
Choosing the wrong company structure: Each business structure comes with unique legal, tax, and liability implications. We help you choose the right structure based on your goals and needs.
Compliance with legal and regulatory requirements: Non-compliance with registration and reporting requirements can result in penalties. We manage your compliance obligations to keep your business in good standing.
Selecting appropriate directors and shareholders: We assist with identifying suitable directors and shareholders, ensuring alignment with your business vision and minimizing conflicts
Business name registration: We ensure your business name is available and registered without complications.
Bank account opening: We facilitate the opening of your corporate bank account, often remotely, saving time and hassle.
Cost to Set Up a Company in Australia
The cost of setting up a company in Australia varies depending on the company type and services required. There will be government fees for company registration and business name reservations, as well as professional service fees for legal, accounting, and consulting services.
Annual review fees are required to keep your company registered, and our team will ensure these payments are made on time to avoid penalties.
Why Choose to Register a Company in Australia?
Political: Australia ranks high in terms of political stability and is a member of global organizations like WTO, OECD, and G-20.
Economic: Australia has a diverse and stable economy, with low inflation and a growing GDP.
Social: A highly skilled labor force and a focus on education ensure your business has access to talented employees.
Technological: The Australian government supports technological innovation and is open to industries like FinTech and cryptocurrencies.
Legal: English is the official language, and Australia’s legal system ensures fairness and transparency in business dealings.
Environmental: Australia maintains a balance between economic growth and environmental sustainability.
How Will Block3 Finance Help You Register a Company in Australia?
At Block3 Finance, we provide comprehensive support to guide you through the entire Australian company registration process. Our expert team will help with everything from business name reservation to submitting legal documents and ensuring compliance with ASIC. We also offer nominee director services, corporate bank account opening, and tax registration, so you can focus on growing your business without worrying about administrative challenges.
Timeline for Company Registration in Australia
At Block3 Finance, we expedite Australian company registrations and can complete the process within 1 week. With additional services like Director Identification Number (DIN) acquisition, the full process typically takes about 8 weeks.
Get Started with Company Registration in Australia
Contact Block3 Finance today to learn more about how to register a company in Australia. Our team will get back to you within 24 hours.
