A foreign company doing business in Australia needs to appoint a Local Agent in order to meet legal requirements. Acclime acts as the Local Agent for foreign companies seeking to break into the Australian market before taking the step to incorporate a subsidiary.
Leverage our years of experience in the market to achieve compliance for your business. No matter your company’s size, we can support and guide you in protecting your business interests.
We are fully flexible and custom-deliver for your business. This means that we will create a tailored solution that perfectly meets your specific case and won’t include anything you don’t need.
As your local agent we will continue reviewing your business practices and reporting to ensure compliance is uninterrupted and opportunities for growth are not missed.
A foreign company can register directly with the Australian Securities and Investments Commission (ASIC) without incorporating in Australia. This is not a separate legal entity from the parent company. In practice, it is similar to establishing a branch office. It does, however, require a Local Agent.
Our Local Agent service includes registering your company as a foreign business by:
Our ongoing responsibilities as your Local Agent include:
A registered foreign business not only needs a Local Agent, but must also have a registered address. We provide for the following:
Registered foreign companies must lodge financial statements with ASIC annually (at intervals no longer than 15 months). Financial statements comprise a balance sheet, profit and loss, and cash flow statement, any other documents the company is required to prepare by the law that applies in its home jurisdiction (such as an audit report), and an ASIC Form 405 – Statement to verify financial statements of a foreign company. Acclime’s accounting services team can expertly assist with the preparation and filing of all the necessary reports.
In addition to providing a registered address as your appointed Local Agent, we can provide professional office services, including:
Step 1 – Ensure the name you wish to register is available
Step 2 – Complete the relevant application form and compile accompanying documents
Step 3 – Lodge the form and accompanying documents with the prescribed lodgement fee
ASIC can take up to 28 days to process an application to register a foreign company. See our guide to setting up a registered foreign company learn more
Blair Lucas, Acclime Partner
+61 3 9419 7607
We are open: Monday – Friday
9:00 am to 5.00 pm (UTC+10)
Liability limited by a scheme approved under Professional Standards Legislation.