Registered Foreign Company Services
A Foreign Company is an existing company formed in another country, which can be registered in Australia. This allows them to carry on business in Australia.
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.
To register a Foreign Company in Australia, you will need to:
- Have a Registered Office in Australia
- Appoint a Local Agent to represent the company to make sure it complies with its legislative requirements in Australia
- Registered Foreign Company to lodge an annual return (including a copy of its balance sheet, profit and loss and cash flow statements) with ASIC every year
- Notify ASIC of any changes in the company (such as changes in officeholders and registered office address) within required ASIC specified timeline.
Director ID:
Foreign Company directors need to have or have applied for a director identification number (director ID) when register a Foreign Company. They should apply the director ID themselves. Please find more information below:
- https://www.asic.gov.au/for-business-and-companies/companies/company-officeholder-rules-and-changes/director-identification-numbers-director-ids
- https://www.abrs.gov.au/director-identification-number
Patricia Holdings offers the following services for Foreign Companies:
- Registration of Foreign Company with ASIC
- Registered Office in Australia
- Local Agent Service in Australia
What we provide as part of the Australian Local Agent Service:
- Acting as the named Local Agent
- Liaising with regulatory authorities
- Providing general advice about the Australian company regime
- Maintaining foreign business compliance requirements in Australia
- Registering any changes to company details
- Maintaining statutory registers
- Dissolving the registration when required
- Planning and managing local board meetings (optional)
How much do these services cost?
- Register of Foreign Company with ASIC: From $450+GST, plus ASIC fee of $636
- Registered office in Sydney, Australia: From $300+GST per year for each entity
- Local Agent Service: From $2,500+GST for the first year (including setup), then $1,900+GST each year thereafter, plus optional cost for planning and managing local boarding meetings (price TBA)
How to Order
