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Foreign Companies2021-10-26T11:11:34+00:00

Foreign Companies

The Australian market needs your product, and we can help you bring it here.
Simply. Effectively. Compliantly.

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Foreign Company Accounting

Establishing your foreign company and beginning trade in Australia need not be a restrictive objective if you have the right advice on board. Allied Business Accountants is highly experienced in registering foreign companies in Australia and will advise on whether you should establish a local subsidiary company or register and operate an Australian branch with a local agent. Our network of top accountants, lawyers, and financial advisors will identify the best structure for your company and act as your Australian agent to register your company, ensure its local tax compliance and provide management and accounting support.

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Considering your options for expanding
your business into Australia?

Registering a foreign company (also known as a branch office) could be the perfect solution.

Our team at Allied Business Accountants are experts in international trade. Let us help you navigate the legal complexities, so you can make your business decisions confidently.Together with our network of knowledgeable accountants, lawyers, financial advisors, and other international trade experts, we can make sure your entry into the Australian market is successful.

The overwhelming truth about
expanding internationally

You already know that expanding into the Australian market could see your business thrive and prosper exponentially. But chances are, you’re also discovering the process of registering an Australian subsidiary can be confusing, frustrating, and costly (if done incorrectly).

It can be stressful to navigate and interpret all the Australian legal and tax regulations living in another country. Quite simply, you don’t know what you don’t know.

We can help.

Registering a foreign company could be the answer

In essence, a foreign company (also known as a branch office) is an appendage of its parent company–the ‘branch’ being an alternate/additional business location (Australia). It’s not a separate legal entity under Australian law, although it must comply with Australian law and tax requirements.

Benefits of registering a
Foreign Company (Branch Office)

• No resident director required

So you remain in total control of your business

• Simplified tax process

Only pay tax on income earned in Australia

• Cost-Effective

Save the expense of hiring a resident director

What’s included

Here at Allied Business Accountants, we specialise in helping international businesses expand into the Australian market. We have the processes, systems, and—most importantly—knowledge, to ensure your Australian subsidiary formation is simple and stress-free. When you use our services, you can be confident all the finer details are covered. We’ll handle all the necessary registrations and provide you with all the regulatory documents you need to trade in Australia, including:

  • Company registration with ASIC (ACN)

  • Taxation registrations (ABN, GST, etc.)

  • Australian resident director appointment, if needed

  • Public officer appointment

  • Access to our network of international business experts

  • Ongoing advice and support

The Process

We know you have a lot to focus on, which is why we’ve made the process of international incorporation as simple as possible. The advantage is, you only need to complete the first two steps–we handle the rest.

Step 01: Complete our electronic form

Step 02: Send certified documentation

Step 03: We register the company with ASIC

Step 04: We register the company with ATO

Step 05: We open a bank account

Step 06: You’re ready to trade

Client Testimonies

Thanks to David and his team as they are exceptional accountants and always surprise us by how knowledgeable they are in a wide range of fields. For almost a decade, Allied Business Accountants have facilitated the financial structure of our business and have maintained our financial records up to date in a timely manner without headache from our end, or us worrying about missing any deadlines.

Dureka Pty Ltd
I am forever grateful to David for all those years he has invested his attention in my financial affairs and financial strategy. The outcome has enabled me to have the financial freedom and quality of life that I thought I could only dream about. I would highly recommend David and his team.
Tracey Willett

Meet Allied Business Accountants

Allied Business Accountants specialises in helping international companies break into the Australian market. We’re committed to not only making your expansion successful, but also creating an experience that you enjoy.

Growing your business is a time of great excitement, but it can also be a time of stress as you navigate complex international laws and regulations—we want to remove some of that frustration.

Our boutique accounting firm is owned and operated by David McKellar FCA, who brings a wealth of experience and real-world knowledge to his client’s businesses.

Together with our network of international business experts in various fields, we offer our clients a full spectrum of services, including accounting, financial advisory, legal, and human resource management, so you can confidently establish your business in Australia, knowing you’re in safe hands.

Need more information?

There’s a lot to consider when exploring your options for trading internationally. We understand the investment involved, and the importance of making the correct (informed) decisions, which is why we’re happy to provide you with further information. If you have any questions regarding your international trade options, our packages, or pricing, please feel free to fill in the form and we’ll respond to you via email.

 

 

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Frequently asked questions

Firstly you will need to determine the appropriate structure for your Australian business. Most foreign-owned entities opt for a company structure – and when setting up a company in Australia, at least one director must be an Australian resident for tax purposes.

Once the structure is in place, you need to get your registrations in order. This means getting an Australian Business Number (ABN), investigating if you need to register for goods and services tax (GST) and also registering for a tax file number (TFN).

This is an important question, as non-resident businesses will generally be taxed on income that has an Australian source, while Australian resident entities are taxed on their worldwide income.

Most non-resident businesses will operate in Australia through a company structure. A company only becomes a resident of Australia if it’s incorporated in Australia, if it conducts its business in Australia and is controlled by Australian residents, or if it has Australia-based management.

Being aware of transfer pricing rules is a very important issue for foreign-owned business operating in Australia.

The Australian Tax Office (ATO) has strict rules around how an international entity can transact with its Australian entity.

Essentially, the pricing of goods and services between two related entities must be at market rates. A foreign-owned business can’t be seen to be shifting its profits to another jurisdiction by setting unrealistic prices.

A thinly capitalised entity is an entity funded by a large amount of debt and very little equity. Due to the large amount of debt, there can be potential to claim large tax deductions for interest payments on that debt.

Some foreign-owned entities will attempt to lower their taxes in Australia by creating loans to Australian business and using the interest payable as a deduction. The interest income is then recognised in another tax jurisdiction.

Like transfer pricing, thin capitalisation is closely watched by the ATO to ensure that profits are not shifted away from an Australian entity to another country with lower tax rates.

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