If you want to register a limited liability company in Australia, our team of specialists can help you. Please contact us at https://www.australiacompanyformation.com/. Slide 1 Limited Liability Company in Australia A presentation brought to you by AustraliaCompanyFormation.com Slide 2 Characteristics The limited liability company (LLC) is a separate entity than its founders. Thus, the LLC has its own assets and debts, and can own property. The LLC does not need a minimum share capital. Slide 3 Management Requirements The LLC must have at least one shareholder upon its incorporation and not more than 50. The company must have at least one resident director. A person can be appointed as a director if his or her age is of at least 18 years old. Slide 4 The LLC can be incorporated in a period of 2 to 5 working days. Slide 5 When opening a company in Australia, investors also have the obligation to register for tax purposes, including for the Goods and Services Tax, when the company's sale are above AU $75,000. Slide 6 Investors opening a company in Australia as a LLC must know that they can employ both local and foreign employees, who can be hired on part-time or full-time contracts. Slide 7 Work Permit Investors hiring foreign employees have to verify the requirements of the immigration law, as in most cases, the employee will need to have a work visa and a work permit, that must be issued prior to starting a work activity in this country. Slide 8 Incorporation Fees The registration of a limited liability company requires the payment of specific fees, regulated by the Corporations (Fees) Act 2001 and Corporations (Review Fees) Act 2003. The fees system in Australia is updated on a yearly basis, and the value of the fees vary based on the company's capital, the main rule of law which is applied to it, but also its residency. Slide 9 Main Corporate Taxes The LLC is liable to the payment of the corporate income tax, charged at the standard rate of 30%. A lower corporate income tax rate, of 27,5%, is available for LLCs that qualify as small businesses. Slide 10 With regards to paying taxes, companies in Australia must also pay the goods and services tax, an equivalent of the value added tax, the payroll taxes, the land tax and others that may apply. Slide 11 Thank You For Your Attention! For more information, please contact us at: www.australiacompanyformation.com office@bridgewest.eu