Healy Consultants recommends Australia business setup for foreigners

Aug. 31, 2015 - PRLog -- Australia has continued to improve its business environment year after year with the latest reform involving the improvement of the credit information systems permitting credit institutions to collect payments with improved privacy protection.

The Oceanian nation currently ranks as the 10^th easiest country to do business in and the 7^th easiest to start a business according to the 2015 Ease of Doing Business (http://www.doingbusiness.org/rankings) report by World Bank.

Australia’s economy is among the most stable in the world and the country also possesses a firm and well regulated political system conducive for business. The aforementioned aspects should be the least of an entrepreneur’s worries or concerns when looking to set up in Australia.

“With the assistance of the professional firm, an investor will not require to travel to Australia to visit the relevant government agencies to incorporate his or her company.” According to a research by Healy Consultants. “Opening a corporate bank account with a top tier bank equally will not require the account signatory to travel to Australia for a bank interview, all this this can be done from the comfort of the Client’s location.”

There is no minimum share capital requirement when setting up a local limited liability company in Australia. A single shareholder should be able to comfortably set up a company with the only downside being the requirement for a director who unfortunately must be resident in Australia.

Australia is currently signatory to at least 50 double tax agreements with different countries that aid companies, especially international businesses that may need to repatriate their profits, or pay dividends abroad to avoid double taxation or reduce the stipulated tax rates.

Although not densely populated, with a populace of only 23million, Australia’s easy access and close proximity to large markets like China and other major Asian business powerhouses like Singapore and Hong Kong is also an added advantage to establishing in the country.

Foreigners setting up in Australia will have the advantage of connecting with clients and suppliers from diverse backgrounds and multiple cultures. Due to the country’s diversity, it does not have an official language although English remains the de facto national language. At least more than 3 million Australians speak either an Asian language or other European languages.

Healy Consultants is a professional corporate services provider headquartered in Singapore and with a presence in Australia since the year 2003. The company aids entrepreneurs looking to establish their business in Australia with, among others, company registration, tax and vat registration, assistance with obtaining business licenses and official addresses, opening a corporate bank account and obtaining work or residence visas.