Australia Business Setup Quiz Results

Well done for taking the time to complete our business setup in Australia Quiz!

You will find your personalised results below, and they will also be sent to you via email. Don’t hesitate to contact us if you have any questions.

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Does your organisation already have an existing global branch structure?

Great! Regardless of your business size or industry, if you’re a multinational looking to expand to Australian shores, we have the solution to ensure your business thrives with more support and most importantly, less risk.

Would you say that your organisation have a complex global tax strategy?

The current tax strategy of your foreign company is a crucial factor to take into account when expanding to Australia. If, for example, you are looking to conduct a business activity in Australia, a branch setup might be of interest to you.

We are here to provide you with tailored professional advice and guidance regarding local taxation compliance before deciding on a business setup option.

Are you looking to expand in the short-term?

Our goal is to pave the way for your success. Whether you’re considering a light, risk-free entry into the Australian market or planning to establish a fully operational local entity, we’ve got you covered. Our Employer of Record (EOR) solution, for instance, can have you up and running in as little as a week. Now, let’s proceed to your next response.

Do you wish to test the Australian market before establishing a physical presence in it?

Superb! With steady growth, stable trade, an unparalleled location, lucrative industry, sustained labour market, sound governance, ongoing research, and future-proof developments, Australia is a great place to set up your business!

Do you wish to undertake any direct profit-generating activities?

If you’re planning to carry on a business in Australia and as such undertaking profit-generated activities, the setup of a local subsidiary or an Australian branch of your foreign entity might be a more appropriate choice.

Is this your business first contact with the Australian market?

Great! Australia, a once relatively unknown & untapped market, has become a popular choice for global business expansion. With a strong investment landscape and a fast-growing population, the land “Down Under” offers thriving opportunities for businesses looking to expand.

Would you be expanding to Australia for an specific project?

All right! Expanding your business overseas as well as operating on a global scale has never been more important or competitively advantageous.

Is this a short-term project?

Awesome! From initial incorporation to the management of your company finances as well as your ongoing governance and compliance needs, we’re here with responsive and tailored support for your company needs.

Are you looking to relocate members of your team?

Even if you are not looking to relocate members of your team to Australia, you still need to hire the best talent for your business, right?! With a global talent pool and local market knowledge, our experienced experts will help you identify and onboard top talent for your business.

Would you be looking to incorporate a separate Australian entity to manage your Australian operations?

Setting up a registered foreign company in Australia is the option foreign companies should choose if they want to have a presence in Australia without establishing a separate entity. A registered foreign company can be registered with the Australian Securities & Investments Commission (ASIC), making the process straightforward. Do not hesitate to contact us for advice.

Have you registered with the Australian Taxation Office?

Post-incorporation, an Australian Business Number (ABN) & a Tax File Number (TFN) will need to be obtained to trade in Australia. Your company may need to register for Goods & Services Tax (GST) & must register for Pay As You Go Withholding to hire employees (PAYG).

Have you applied for Workers’ Compensation Insurance?

All good! As part of your local compliance responsibilities as an employer, you will need to apply for Worker’s Compensation Insurance in each State you employ. But you don’t have to do it alone – contact us if you need any assistance.

Have you chosen a Default Superannuation Fund?

No need to worry! Setting up a default Super Fund is an employer’s compliance requirement when establishing a local entity in Australia, and we can help you with it.

Have you registered for State Payroll Tax?

That’s all right; we can provide you with guidance on registering for State Payroll Tax. Similar to setting up a default Super Fund, registering for State Payroll Tax is an essential employer’s compliance requirement when establishing a local entity in Australia if your Payroll value is above the threshold.

Does your director(s) have a Director Identification Number?

It’s fine, we’re here with responsive and tailored support for all your compliance needs. All directors of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Islander corporation will need a director ID. ASIC is responsible for enforcing director ID offences set out in the Corporations Act 2001.

Does your organisation have an Australian Registered Body Number (ABRN)

No worries, we can help you with that! When registered, you’ll receive a unique nine-digit number known as the Australian Registered Body Number (ARBN).
Under the Corporations Act, the name and ARBN must appear on all the body’s public documents.

Conclusion

Regardless of your business’s size, industry or country of origin, it is important to consider deadlines, budget, market size as well as product & service regulations when kick-starting your expansion “Down Under”.

The unique expansion solutions that were presented in this quiz will suit different types of businesses (depending on their size & industry)  — yet can all be tailored to suit your specific business goals and requirements. To make an informed choice, you must examine the advantages and disadvantages of each type of business setup option, to see how they match your plans.

The goal of this quiz is to give you a better overview of the business setup options in Australia and help you understand what would be the best options based on your goals and intentions when expanding to Australia.

Get in contact with us today for personalised advice or assistance in setting up your business in Australia.