What are the formalities and steps required to open a business in Australia?

The establishment and operation of any business in Australia requires registration with the AUSTRALIAN SECURITIES COMMISSION. With a few exceptions, business organizations in Australia can be divided into three main categories.

(1) Ordinary Business Registration;

(2) Private Limited Company (PTY LTD);

(3) Public **** Limited Company (PUBLIC COMPANY).

1, ordinary business registration commonly known as unlimited companies, its establishment process is very simple, apply for registration to choose a business name (Business Name), and then to the Business Registration Office to receive and fill out a very simple form, and pay the registration fee of AUD 75 can be, such as your choice of name does not conflict with any existing business name, the Business Registration Office to facilitate the issuance of a business registration within three weeks! If your chosen name does not conflict with any existing business name, the Business Registration Office will issue a business registration license within three weeks.

2. A private limited company must be incorporated in accordance with provincial company laws. The method of incorporation is very complex and requires the services of an accountant, a lawyer or an agency specializing in company formation on behalf of the client, with government fees and agency fees ranging from A$1,500 to more than A$2,000. A private limited company is not required to be audited in Australia, which is suitable for small and medium-sized organizations.

3. A public limited company is a larger organization, which is more complex to set up than a private limited company, and has a specified minimum number of shareholders. The government's control over this type of company is very strict, and public **** limited companies are divided into two categories: listed companies and unlisted companies. Because these companies belong to the system of large organizations, they are not suitable for general merchants.

Expanded Information:

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Australian company registration procedures:

1, the customer to determine the registered name, sign the commission, the agreement contract, must pay 70% as a deposit, the company registration is completed and then pay the balance.

2, Declaration of Compliance with the law (prepared by us in English);

3, the standard version or the pre-prepared "Articles of Incorporation" and "Memorandum of Association"; (prepared by us)

4, investment intention plan; (prepared by us)

Chinese registration of the U.S. company information required:

1, the U.S. company name (in English);

2, director and shareholders of the ID card or passport and autograph scans;

3, proof of address (passport, utility bills, bank statements, etc.);

4, scope of business (categories of goods, varieties, and services);

5, apply for registration of the U.S. company the proportion of shares held by each shareholder.

References:

Baidu Encyclopedia-Australia

References:

Baidu Encyclopedia - Legal Guide for Chinese Enterprises Doing Business Abroad