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When establishing a new business in Australia there are numerous matters to consider.
The most common business structures in Australia adopted by parent entities are either a branch of the foreign parent company or a separate Australian subsidiary company, the choice of which depends on the specific circumstances of the foreign business. In either case, Australia’s corporate law requires the appointment of a local resident to act as either a local agent/officer for the branch, or a director for the company.
This requirement can be a major hurdle if you have no contacts in Australia willing to take on this role, because as a resident director Australia expects significant commitment, which brings with it certain liabilities and legal exposure.
Ecovis Clark Jacobs currently provides Australian resident director services for several of our foreign clients from around the world including the US, UK, France, Germany, Spain, Sweden, Canada, Taiwan, Hong Kong, Israel and NZ. We assist in the full business lifecycle, providing tax, accounting, and related business services as an add-on to the resident directorship, including:
"By appointing David Conley as resident director of our Australian business we were assured that all bases were being covered"Debbie Manners CEO KEO Films Australia Pty Ltd
As Australian ‘locals’ we have the knowledge, expertise and contacts to enable your Australian venture to be set-up and running in the shortest possible timeframe.
Our international network gives us easy access to advice concerning the interaction of Australian tax with your home jurisdiction, if required.
In addition to our own tax, accounting and related advisory skills, we can introduce further expertise via our network of lawyers, banks/lenders, insurers, valuers, translators…whatever you require
When you first make contact with us we will have many questions. As the role of a resident director in Australia involves personal liabilities and risks for the individual involved, we have specific information, documentation and insurance requirements that must be satisfied, including:
The Ecovis team have been a source of inspiration, support and sound advice from the day we set up our law firm. We have hugely enjoyed working with them and enormously appreciate the vitality they bring to our meetings. I never knew working with accountants could be such fun!
Gareth Brahams Managing Partner , BDBF