Eight key points to keep in mind when setting up a new entity in Australia

The process of setting up an Australian subsidiary or a new entity in Australia can be stressful and confusing for many foreign investors. To help with this process, we have listed below eight key points to consider when establishing a new entity in Australia.

1. Company registration

2. Foreign companies may conduct business in Australia through an Australian branch (by registering the foreign company through the Australian Securities Investment Commission (ASIC)) or subsidiary (by registering a new company through ASIC). The procedure to register an Australian branch of a foreign company is slightly more onerous than setting up a new subsidiary company in Australia, and in practice most foreign companies elect to establish a new company in Australia as a subsidiary. This article focuses at a high level on the key considerations facing Australian subsidiaries of foreign companies.