Starting a company in Oz
#1
Just Joined
Thread Starter
Joined: Nov 2007
Posts: 18
Starting a company in Oz
Hi all,
Can any one answer the following?
I am in Sydney as a de-facto on my partners 457 (My 175 Non MODL / CSL was lodged in Nov 2008). I am currently working in IT on fixed term contract but am looking to set up my own Pty Ltd for some freelance work and a web based company.
Can anyone advise if there are restrictions to me doing this?, I have heard that to start a Ltd company you need an Australian resident to be a director?
Also going forward would this open another potential visa option to us?, i.e are there visas available specifically for business owners.... we are not holding our breath on the 175 visa considering all the changes recently.
Thanks
Can any one answer the following?
I am in Sydney as a de-facto on my partners 457 (My 175 Non MODL / CSL was lodged in Nov 2008). I am currently working in IT on fixed term contract but am looking to set up my own Pty Ltd for some freelance work and a web based company.
Can anyone advise if there are restrictions to me doing this?, I have heard that to start a Ltd company you need an Australian resident to be a director?
Also going forward would this open another potential visa option to us?, i.e are there visas available specifically for business owners.... we are not holding our breath on the 175 visa considering all the changes recently.
Thanks
#2
Re: Starting a company in Oz
AT least one director and one company secretary must be Australian residents. (Most companies only have one secretary but it is quite permissable to have more).
The registered office must also be in Australia.
I set up companies in Australia and the UK as a business, if you want more help, pm me.
The registered office must also be in Australia.
I set up companies in Australia and the UK as a business, if you want more help, pm me.
#3
Re: Starting a company in Oz
Hi all,
Can any one answer the following?
I am in Sydney as a de-facto on my partners 457 (My 175 Non MODL / CSL was lodged in Nov 2008). I am currently working in IT on fixed term contract but am looking to set up my own Pty Ltd for some freelance work and a web based company.
Can anyone advise if there are restrictions to me doing this?, I have heard that to start a Ltd company you need an Australian resident to be a director?
Also going forward would this open another potential visa option to us?, i.e are there visas available specifically for business owners.... we are not holding our breath on the 175 visa considering all the changes recently.
Thanks
Can any one answer the following?
I am in Sydney as a de-facto on my partners 457 (My 175 Non MODL / CSL was lodged in Nov 2008). I am currently working in IT on fixed term contract but am looking to set up my own Pty Ltd for some freelance work and a web based company.
Can anyone advise if there are restrictions to me doing this?, I have heard that to start a Ltd company you need an Australian resident to be a director?
Also going forward would this open another potential visa option to us?, i.e are there visas available specifically for business owners.... we are not holding our breath on the 175 visa considering all the changes recently.
Thanks
From the ASIC web site:
A proprietary company must have at least one director, but need not have a secretary. The director and secretary (if any), must ordinarily reside in Australia.
Residing in Australia and being a permanent resident are 2 entirely different things. On a 457 or as a de-facto spouse of a 457, you are considered as a resident for tax purposes and other such matters.
Andrew
#4
Just Joined
Thread Starter
Joined: Nov 2007
Posts: 18
Re: Starting a company in Oz
Thanks for the response guys, I am going to have a chat with an accountant in the week to clarify exactly what my options are.
Andrew - it's good to know that someone else has managed it without issue
Thanks again
Lee
Andrew - it's good to know that someone else has managed it without issue
Thanks again
Lee
#5
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Starting a company in Oz
AT least one director and one company secretary must be Australian residents. (Most companies only have one secretary but it is quite permissable to have more).
The registered office must also be in Australia.
I set up companies in Australia and the UK as a business, if you want more help, pm me.
The registered office must also be in Australia.
I set up companies in Australia and the UK as a business, if you want more help, pm me.
Best regards.
#6
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
Re: Starting a company in Oz
PS. Lee, speaking as a CA (UK and Australia - Go Matilda Accounting and Tax) and a migration agent (Go Matilda Visas) please feel able to telephone me during this coming week if you would like to discuss business issues and visa strategies - Melbourne 03 9935 2929.
#7
Just Joined
Thread Starter
Joined: Nov 2007
Posts: 18
Re: Starting a company in Oz
Hi Alan,
Apologies for the delay in responding I have been away for a few days this week, if the offer is still open I would really appreciate the opportunity for a chat
Thanks
Lee
Apologies for the delay in responding I have been away for a few days this week, if the offer is still open I would really appreciate the opportunity for a chat
Thanks
Lee
#9
Migration Agent
Joined: May 2002
Location: Offices in Melbourne, Brisbane, Perth, Geelong (Australia), and Southampton (UK)
Posts: 6,459
#10
Guest
Posts: n/a
Re: Starting a company in Oz
Have a read of this page for general information:
Your company and the law
http://www.asic.gov.au/asic/asic.nsf...w?openDocument
Your company and the law
http://www.asic.gov.au/asic/asic.nsf...w?openDocument