Company Formation Guide

Australia Company Formation

Form an Australia company with Mirr Asia. Entity selection, ASIC registration support, tax setup guidance, and ongoing compliance — built for international founders.

Overview · 01

Australia Company Incorporation

We provide one-stop support for Australia company incorporation, tax registrations, and regulatory compliance (ASIC/ATO).

Base incorporation fee

A$2,000 (document preparation, electronic filing, and standard corporate documents included)

Estimated timeline

Standard approx. 3 months / Express 1–2 weeks
Target: ABN within 4 business days

Tax

All amounts shown are exclusive of tax.

Glossary: ASIC (Australian Securities & Investments Commission) = company registration authority, ATO (Australian Taxation Office) = Australia's tax office, ABN (Australian Business Number) = business number, TFN (Tax File Number) = tax identifier, GST = goods and services tax (generally 10%), PAYG = pay-as-you-go withholding system.

Services · 02

Inclusions

Certificate of Incorporation — official certificate issued by ASIC
Company Constitution — internal rules for decision-making, governance, and share issuance
Director Consent / Public Officer Consent — confirmation that the director / tax-responsible officer accepts the appointment
Incorporation board resolutions — resolutions for incorporation, share allotment, signing authority, etc.
Occupier's Consent — consent to use the registered address
Share certificates / Shareholder consents — share allotment and clarification of rights and obligations
ASIC compliance — review of initial filings and mandatory reporting alignment
Tax registrations: ABN, TFN, (if required) GST registration, PAYG registration

Tip

Overseas counterparties, payment processors, and banks often request ABN/TFN, so registration is recommended in practice.

Requirements · 03

Mandatory Requirements

At least one Australian resident director is required — by law, at least one Australian resident (permanent resident or long-term visa holder) must be appointed as a director.
Registered address — a physical address in Australia is required (P.O. Box not accepted).
Corporate tax — standard 30% (a 25% small business rate may apply if certain conditions are met).

If you do not have an Australian resident director → you will need a Nominee Director Service.
Annual service fee: A$5,000 / year

What is a Nominee Director?

A local director appointed in name to satisfy statutory requirements. Operational and decision-making authority remains with shareholders and actual management, and typically requires indemnities, compliance undertakings, KYC, and Source of Funds verification.

Pricing · 04

Optional Services

Service	Amount (A$)
Registered address service Registered Address for filing purposes only; not a physical office space	A$700/year
Express service Electronic filing process targeting ABN within 4 business days	A$550
EMI account opening assistance May be free if opened via our partner channel	A$600
Nominee Director Service Mandatory KYC/contracts/indemnities	A$5,000/year

※ Express is typically processed by incorporating and obtaining ABN first under an Australian resident-only shareholder/director structure, then adding non-resident shareholders/directors afterwards.

Process · 05

Process

1Submit required documents — passport, proof of address, share structure, business overview, and KYC package
2KYC/CDD review — compliance checks and verification, including Source of Funds
3Sign incorporation documents — e-signature / notarization (if required)
4Company registration — ASIC filing, adoption of the constitution, share allotment
5Tax registrations — ABN/TFN/GST/PAYG applications
6Bank/EMI accounts — onboarding (in-person or remote) and responses to compliance questions

Estimated timeline: Standard 2–3 months / Express 1–2 weeks (Target: ABN within 4 business days). Financial institution onboarding timelines are separate.

Compliance · 06

Compliance & Risk Notes

KYC/AML: All services are subject to customer due diligence (KYC), Source of Funds (SoF) verification, and confirmation of transaction purpose.
Nominee Director: The service may be suspended if indemnity/undertaking terms or information provision obligations are breached.
Tax: Review GST registration thresholds (generally A$75,000/year turnover). If paying salaries, PAYG withholding and Superannuation obligations apply.
Financial accounts: Banks/EMIs have independent approval discretion and may request additional documents or interviews.

Taxation · 07

Key Australian Tax and Employment Regulations

① Corporate Tax (Company Tax)
For the 2024–25 tax year, the corporate tax rate is applied in two tiers depending on the company's size and nature.

Small and standard operating companies (Base rate entity): @@25%@@
Other general companies: 30%

💡 Requirements for Base Rate Entity (25%)

Aggregated turnover below A$50 million per year
Passive income (interest, dividends, etc.) accounts for less than 80% of total income

② Individual Income Tax
Australia applies a progressive tax system for residents. (Medicare Levy of 2% applies separately.)

Taxable Income (Annual, A$)	Applicable Tax Rate (2025–26 tax year)
$0 ~ $18,200	0% (Tax free)
$18,201 ~ $45,000	16% on the amount over $18,200
$45,001 ~ $135,000	$4,288 + 30% of the amount over $45,000
$135,001 ~ $190,000	$31,288 + 37% of the amount over $135,000
$190,001 and above	$51,638 + 45% of the amount over $190,000

③ Value Added Tax (GST) and Customs Duty

GST (@@10%@@): Mandatory registration when annual revenue exceeds A$75,000. Businesses report and settle GST quarterly through BAS (Business Activity Statement).
Customs duty: Generally 5% for clothing/cosmetics. However, it can be reduced to 0% if the Korea–Australia Free Trade Agreement (KAFTA) origin requirements are satisfied.

④ Employment and Withholding Tax (PAYG)

Minimum wage: A$24.95 per hour (as of July 1, 2025)
Superannuation: Employers must contribute 12% of the employee's pre-tax salary.
PAYG withholding: Employers withhold income tax when paying salaries and remit it to the ATO during quarterly BAS reporting.

Case Study · 08

Requirements for Importing and Selling Cosmetics on Amazon Australia

① Cosmetic Licensing and Labeling (After Company Establishment)

General cosmetics (AICIS): Importers of standard skincare or color cosmetics must register under the Australian Industrial Chemicals Introduction Scheme (AICIS).
Functional or therapeutic products (TGA): Products claiming medical benefits (e.g., sunscreen SPF 15+, acne treatment) require approval from the Therapeutic Goods Administration (TGA), which involves stricter procedures.
Labeling (ACCC regulations): Full ingredient disclosure in English is required, listed in descending order by quantity.

② Amazon FBA Inbound Requirements (Prep)
Amazon FBA enforces strict safety and leakage prevention rules for cosmetics and liquid products.

Importer of Record (IOR): Amazon does not act as the importer. The Australian entity (with ABN) must be the official importer.
Double sealing: Liquids and creams must be secured with shrink wrap, tape sealing, or individual poly-bag packaging to prevent leakage.
Safety Data Sheet (SDS): Products such as alcohol-based toners may require an English SDS for hazardous material (Hazmat) review.

③ Tax Settlement Process (From Import to Amazon Sales)

1At customs clearance (Import GST payment) — When importing cosmetics from Korea to Australia, customs duty (0% under FTA) and Import GST (10% of the taxable value) must be paid.
2When selling on Amazon (Sales GST applies) — When a customer purchases the product on Amazon, the payment includes 10% sales GST, which is settled to the Australian company.
3Quarterly BAS filing and settlement — The company remits only the difference between the collected "Sales GST" and the "Input/Import GST" included in customs, logistics, and Amazon fees. (Refund possible if input GST exceeds sales GST.)
4Annual corporate tax filing — Corporate tax of 25% is assessed on the net profit after deducting all allowable expenses from the company's annual revenue.