Remote Business Entity Establishment in Oceania

Psoted on: December 15, 2021 at 12:17 pm, in

Australia & New Zealand 

Oceania is a region consisting of a large cluster of islands in the central and western areas of the Pacific Ocean. It includes 14 countries, among them are Australia, Micronesia, Fiji, Kiribati, Marshall Islands, Nauru, New Zealand, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu. Today, we will talk about two that have the largest GDP per capita and the most developed markets — Australia and New Zealand. Both countries are also noted for their advanced economies, good investment climate, and favorable conditions for building up new businesses. 

Australia 

Australia is recognized as one of the most developed countries across the globe. It is a huge continental state with a vast market of services. The most popular of which are financial and medical services. The Australian government supports business structures as much as possible, introducing various types of funding, grant programs, and activities that help entrepreneurs to successfully develop and grow. 

Principal business entities. These are the public company (“Limited” or Ltd), private company (“Proprietary Limited” or Pty Ltd), partnership, corporate limited partnership, trust, superannuation fund, sole trader, and branch of a foreign company, — states Deloitte

Cost and terms of registration. The price for the company incorporation service with Clevver’s support in Australia begins from 2,999 Euros. When all pre-incorporation documentation is in place, it takes from 3 to 5 business days to settle a company here. 

Advantages: 

  • Australia has a reputation as an economically and politically advanced country with a high standard of living and GDP growth;  
  • A state is a reliable place for trade and investment as it has strong business ties with the United States, China, Japan, India, and Korea; 
  • Australia has free trade agreements with ASEAN, Chile, New Zealand, and the United States;  
  • The country has signed over 40 double taxation treaties with other states.  
  • Clevver assists with the remote Pty LTD. company registration in Australia. The documentation on incorporation is accessible digitally. 

Financial statements must be filed annually. 

New Zealand 

New Zealand is one of the largest and prosperous countries in Oceania. In the country, agriculture, manufacturing, food industry, and tourism are well-developed. The main trading partners of New Zealand are Australia, the USA, Japan, and China. In its annual World Bank’s Doing Business Report 2020, out of 190 countries in the world, New Zealand is ranked No. 1 with a score of 86.8 for ease of doing business. 

Principal business entities. These are the public and private limited liability company, partnership, limited partnership, trust, sole proprietorship, and branch of a foreign corporation, — says Deloitte

Cost and terms of registration. Commencing pay for the business formation service with Clevver’s help in New Zealand is 4,500 Euros. As soon as all pre-incorporation documents are submitted, it takes up to 4 business days to set up a company in the jurisdiction. 

Advantages: 

  • New Zealand’s legislation is considered to be one of the most loyal for setting up a business; 
  • The country has a well-developed banking and legal services industry;  
  • New Zealand has an excellent reputation in the international business arena;  
  • The Kingdom of New Zealand signed agreements with almost 40 states on the avoidance of double taxation;   
  • Clevver lends a hand in the online company registration in the jurisdiction of New Zealand that does not require the owner’s physical presence.   

Generally, SMEs are not required to prepare general-purpose financial statements. However, they are subject to special-purpose financial reporting under a minimum designated standard. 

Conclusion 

Both Australia and New Zealand are exceptional places to form your business in the area of Oceania. The governments of the countries have done a great job to make these jurisdictions attractive for business settlement. The online company registration service with Clevver’s assistance is fast and fully remote, allowing you to start up a company in New Zealand and/or Australia effortlessly. 

Together with a network of qualified legal partners, Clevver helps with remote business establishments globally, including the Oceania region. Find out details on our site or get in touch with our specialists. 


DISCLOSURE NOTICE:  Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice. 


Register a Company in Australia from Your Home

Psoted on: July 14, 2021 at 12:46 pm, in

Overview: 

  • Australia has a reputation as an economically and politically advanced country with a high standard of living and GDP growth; 
  • A country is a reliable place for trade and investment as it has strong business ties with the United States, China, Japan, India, and Korea;
  • Australia has free trade agreements with ASEAN, Chile, New Zealand, and the United States; 
  • The Australian Stock Exchange in Sydney is the largest stock exchange in Australia and the South Pacific; 
  • The country has signed over 40 double taxation treaties with other states; 
  • There are no currency controls in Australia;
  • Clevver supports remote Pty LTD. company registration in Australia. The documentation on incorporation is accessible digitally. 

One of the most developed countries in the world, Australia has a stable economy, high standards of living, and a distinguished human development index. All these factors greatly attract foreign entrepreneurs who would like to expand their business in this country. 

Australia is a huge continental state with a vast market of services. The most popular of them are financial and medical services. 

The Australian government supports business structures as much as possible, introducing various types of funding, grant programs, and activities that help entrepreneurs to successfully develop. 

Clevver specialists take care of all organizational issues and provide a full package of documents upon completion of the company incorporation. No personal presence is required to open a business in the jurisdiction — with Clevver assistance, you can form a company remotely and get all the necessary legal papers digitally. Learn more about starting a business in Australia here

Taxation in Australia 

It’s vital to know that resident and non-resident companies in Australia are taxed differently. 

  • Corporate Income Tax 

On the Australian Taxation Office (ATO) website, the standard rate of corporate income tax in Australia is 30%. A reduced rate is allowed if the company’s annual turnover is less than 50 million Australian dollars (about 35 million U.S. dollars). Companies that are resident in Australia pay corporate tax on profits from worldwide sources. Profits of non-resident companies in Australia are taxable only if they were made in Australia and from sources within Australia. 

  • Tax on dividends 

Dividends distributed to non-resident Australian shareholders are taxed at 0% if the company has previously fulfilled its tax obligations in full. 

  • Capital Gains Tax 

Capital Gains Tax (CGT) in Australia is payable but is not paid separately. It is included in the amount of income tax. Although you do not have to pay a separate tax, you are required to report capital gains and losses on your tax return.  

  • VAT 

Value-added tax in Australia is called the Goods & Sales Tax (GST). The GST is a general tax of 10% on most goods, services, and other taxable items sold or consumed in Australia. 

All companies in Australia are required to prepare and submit an annual tax return. The reporting period in Australia generally begins on July 1 and ends on June 30, unless otherwise agreed by the parties with the approval of the ATO. 

Incorporation in Australia 

Australia is recognized as one of the countries which economy has consistently shown impressive positive development dynamics. Company registration in Australia offers a safe business environment, well-developed legislation, as well as the possibility to receive substantial entrepreneurial support from the government. 

Form your Australian business easily, quickly, and digitally — reach out to the professionals of Clevver. We will always give you the help you need. 

CHOOSE CLEVVER TO OBTAIN: 

  • Support from experts in Australian company registration;    
  • Online procedure of cooperation with Clevver;     
  • A complete set of documentation on the company formation in a digital format;     
  • Opportunity to receive numerous extra to business incorporation services in Australia (the registered addresses in 4 major cities of Australia (Brisbane, Melbourne, Perth, Sydney), mail-handling service, and a local phone number);   
  • Steadfast customer support and individual approach to each client. 

Final Thoughts 

Company registration in Australia provides access to the markets of a country with a developed economy and attractive conditions for doing business. The Australian Government’s careful attitude to entrepreneurs and various support programs create the necessary foundation on which any successful business is built. 

With Clevver helping hand, you can start your business in Australia remotely, your presence is not required. We are ready to provide you with the necessary support in the company establishment. For more information, contact us now.

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.


Prepared and Equipped: The 3 Most Important Business Trends for 2019

Psoted on: January 3, 2019 at 12:42 am, in

The beginning of the year is the best time to assess where the world will head in the following months. See our opinion on the most relevant topics for 2019 in relation to business, travel, and internationalization!

Brexit

Brexit is undeniably one of the most important recent events that, although maybe hardly categorized as a business trend, will definitely have an effect on all aspects of the UK and the EU. The early worries that accompanied the news of the United Kingdom leaving the European Union may have been overly cautious and negative, but there are surely some grey clouds and uncertainty looming over Britain. One of the strongest constituents of the Union will most probably not be part of it from March 2019, and that could hamper cooperation between the UK and the EU members and make working in the UK more difficult for EU citizens – and these are only the very first visible consequences. We advise everybody to make due preparations in order to suffer the least possible damage when it comes to private or business operations. Our two London locations will remain intact, so it may be recommended to get a real street address or a registered company address or to use our fully online company incorporation assistance to have your UK company set up before it’s not too late.

Digitization sprawling further

The scope of modern technology has been increasing so quickly that its influence on our life gets more unbelievable every week. Some say that the online giants Facebook, Google, and Amazon are working on their own payment system, thus robbing banks of their previous role and reputation, others envision such a precise AI already in 2019 that will drastically change how we regulate privacy, identity, relationships and other aspects of our life in general. All this, of course, raises questions of security that may be strengthened with the ever-evolving blockchain technology. This provides one of the few safe ways to protect information that is increasingly lesser stored on surfaces and places to which a computer doesn’t have access. While all these concerns may seem a bit distant now, just remember how many things you can do with only a small device in your pocket, and you may realize how close the future is. If you’re doing business but would like to protect your personal contact data, you may as well opt for a virtual address or a foreign phone number where your clients and customers can reach you without knowing your private contact details.

The transformation of the modern workplace

If you’re reading these lines while sitting in front of a computer in an office, then you may belong to the generation whose position, field, or workplace has not adapted to the flexibility that the modern age provides. Of course, a shift towards untraditional working environments is not a must but a door that is being open increasingly wider. Since the majority of the processes are carried out on a PC or laptop and since most of the communication is done online or via the phone, there are fewer and fewer white-collar jobs that could not be performed with 90-95% efficiency from anywhere around the world. This will have a serious effect on mass transportation, employer attitude, and HR strategies, and it will also increase your chances of being active and adventurous at the same time. Even if you’re not in such a field currently, you can take tons of online courses to be a UX/UI designer, a programmer, or whatever area provides an increased amount of physical freedom. And by having a fixed address on basically every inhabited continent of your choice, you will be able to manage your official negotiations from yours.

The Times They Are A-Changin’

It would be early to precisely predict what will happen in the next 12 months, but some of the fields where in 2019 the biggest changes will bring were touched upon here. Whether we want it or not, these are all currents whose first waves have already reached us, and the stronger tides are still yet to come. So, let’s be prepared and equipped for all possible scenarios so that we can all hope for a smooth and easy year ahead of us.

DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.