Your trusted partner for starting your company.
Getting it right
We do not simply register a company; we help you start your business on the right foot. Our team has expertise in a range of industries and will give expert advice where required.
We love to build long-term collaborations, and will proactively alert you to ongoing requirements and their timeframes. We aim to be a one-stop-shop for your admin outsourcing needs.
We work hard on delivering not just professional but also extremely personable customer support to all of our clients, whether you are managing your business from Australia or abroad.
Five requirements to
register your new company.
1. Choose your company name carefully
The name can’t be identical to another, misleading or offensive. We assist with checks and make suggestions where there is a potential issue.
2. Establish your company management
You must appoint at least one Director and one Public Officer who both reside in Australia. We offer a service to fill these roles for you while you are in the process of building your Australian business.
3. Provide details of the ultimate holding company
To register your Australian company that has another company (foreign or domestic) as a shareholder, you will need to provide the registration documents for that company.
4. Provide details of the number of shares
Minimum requirement for share structure is 1 share at AUD1.00. Obviously most businesses will require a share structure that matches the business plan, and this needs consideration prior to the incorporation. Acclime can advise you on how to structure your company.
5. Location of registered office
- Must use the suffix Pty Ltd or have Proprietary Limited in their company name
- Provide limited liability to shareholders, meaning that the liability falling upon shareholders in the event of a wind-up is equivalent to the unpaid amount (if any) on their shares
- Must have at least one director who is a resident of Australia, and a resident company secretary if any secretary is appointed
- Must have a Registered Office located in Australia
Proprietary Companies generally cannot engage in fundraising activities that would require the lodgment of a prospectus (i.e. seeking to raise funds from the public). They can, however, raise money through private sales of equity.
Proprietary Companies cannot have more than 50 non-employee shareholders
A Proprietary Company may be classified as a Large Proprietary Company if two out of these three criteria are met:
- The consolidated revenue for the financial year of the company and any entities it controls is $50m or more
- The value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $25m or more
- The company and any entities it controls has 100 or more employees at the end of the financial year
If a company does not satisfy at least two of the above criteria, it is considered a Small Proprietary Company.