Australia is both a country and continent, a huge land mass with a thriving economy and that is an attractive proposition for many global investors; if you are thinking of setting up a private company in the Land Down Under, we offer useful information to help you navigate the complex world of commerce.
Australian Resident Director
According to Australian corporate law, a private limited company must have a director who resides in Australia, indeed, to find company directors who are experienced and understand what is required of them, you need a specialist company that provides experienced appointees for foreign clients.
What does a Resident Director do?
The Residential Director performs the following tasks;
· Signs documents relating to agencies such as ASIC, ATO & TGA.
· Is the shareholder’s representative at company meetings, which is required for compliance.
· Liaises with financial institutions and regulatory authorities.
· Offers general advice on all aspects of Australian commerce.
If you would like an experienced Australian resident to be your company director, a leading Australian company offers this service, along with other essential services to ensure compliance.
Residential Company Secretary
This position is focused on corporate governance and compliance services to ensure their clients’ best interests are met.
A Company Secretary would perform the following duties;
· Manage all meetings – Shareholder, Committee and Board meetings, keeping the minutes.
· Lodge official forms – Documentation preparation.
· Statutory registers –These must be maintained.
· General duties – Manage general governance and compliance.
This kind of position must be held by an experienced person who fully understands their responsibilities as Company Secretary and the best way to connect is to approach an international company that facilitates foreign investors to set up and manage a private limited company while ensuring compliance. Click here for up-to-date information on social media advertising and why you should invest.
The importance of corporate governance and compliance
As in any country, there are regulations and protocols that must be followed and with an established international law firm, you have access to experienced appointees who fully understand their roles. They also offer other essential services to facilitate your business in Australia and with scalable solutions, your legal partner can assist with company growth.
Make initial contact
Google can find a suitable provider and you can browse their website to gain a deeper understanding of their offered services, then schedule a call with one of their professionals and you can discuss your needs. It is wise to seek legal advice at the very outset when formulating a company in Australia in order to avoid mistakes; the international law firm with years of hands-on experience in company formation can advise you and provide essential appointees.
Take the first step to setting up a private limited company in Australia by searching the web for ’international law firms for company formation, Australia’ and take a look at the services on offer. By using the right legal partner, you can ensure compliance and access the core services you need.