- How to register a company in Australia
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1. The process of registering a company in Australia
To register a company in Australia, an application must be made to the Australian Security & Investment Commission (ASIC for short). After a successful application on its official website, the registered Company will automatically obtain an Australian Company Number, abbreviated as ACN. After obtaining the ACN, one still needs to apply to the Australian Taxation Office (ATO for short) for an Australian Business Number, abbreviated as ABN, and apply for the GST. After these steps are completed, the entire process of registering an Australian company is officially finished.
2. Conditions for registering a company in Australia
1) Shareholders and directors (aged 18 or above), legal persons or natural persons, with no nationality restrictions. 2) The registered address is in Australia. 3) At least one local Director from Australia (Director ID needs to be registered). 4) Generally, the capital for registering a company is 100 Australian dollars, and the share ratio is 1 Australian dollar per share.
3. What materials are required to register a company in Australia
Registering a company in Australia is simpler than in China. It doesn't require a large amount of registered capital, and the registration procedures are simple, with a short processing time and high efficiency. Generally, registering a company in Australia will be completed within 40 working days. The materials required for company registration include: 1) The name of the company to be registered in Australia (in English). 2) Draft the registered capital and the proportion of share allocation. 3) Identity documents of all directors and shareholders, etc.
Regarding the selection of a company name - The company name cannot be the same as any existing company names. In addition, some restrictive clauses also need to be referred to, and some words and phrases cannot be used without the approval of government ministers. For instance, names associated with banks, royals, trusts, the Australian government, the royal family or any organization of veterans cannot be used at will.
Regarding trademark registration - After choosing the company's name and trademark, you can start the trademark registration process. Before registering a trademark, a detailed investigation should be conducted to ensure that the registered trademark is not being used by the current company. Make sure that there are no identical or similar trademarks currently under review or successfully registered in Australia.
