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Australia

Australia Flag

Country: Australia
Region: Pacific
Currency: Australian Dollar (AUD) (A$)
Languages: English
Time Zone: UTC +8 to +10

Phone Code: +61

Communications: Good

Formation Cost: 900 - 3500 USD$
Formation Time: 1 day
Maintenance cost: 700 - 1900 USD$

Executive Summary: Australia has steadily become an internationally competitive and advanced market economy. It is dominated by the services sector, representing 70% of GDP, but the agricultural and mining sectors (10% of GDP combined) account for more than 60% of its exports. Telecommunications, together with road and rail transportation, are important aspects of the economy, but manufacturing is relatively undeveloped. Banking and financial services are sophisticated, and the government is attempting to make the country a financial hub for the region. Corporate taxation is high by international standards, and the tax authority is very thorough. The tax regime is not very favourable to incoming investment, although small businesses and venture capital benefit from various tax breaks, grants and other assistance.

Suitable for: Shipping, Aviation, Yachting, E-commerce
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, branches, general partnerships, limited partnerships and sole proprietorships

Capital primary business districts: Canberra, Sydney

Good Relationships: China, Cook Islands, New Zealand, Singapore, United Kingdom, United States

Bad Relationships: Burma, Cuba, Fiji, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Heavy

Tax Burden - Individual: Heavy

Headline tax rates: CIT 30%, PIT 29%-45%, VAT 10%

Treaty Jurisdictions: Argentina, Austria, Belgium, Canada, Chile, China, Czech Republic, Denmark, East Timor, Fiji, Finland, France, Germany, Hungary, India, Indonesia, Ireland, Italy, Japan, Kiribati, Korea, Republic of, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Papua New Guinea, Philippines, Poland, Romania, Russia, Singapore, Slovak Republic, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, United States, Vietnam

TIEA Jurisdictions: Andorra, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Bahrain, Belize, Bermuda, British Virgin Islands, Brunei, Cayman Islands, Cook Islands, Costa Rica, Curacao, Dominica, Gibraltar, Grenada, Guatemala, Guernsey, Isle of Man, Jersey, Liberia, Liechtenstein, Macao, Marshall Islands, Mauritius, Monaco, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sint Maarten, Turks and Caicos Islands, Uruguay, Vanuatu

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Important Notice: Wolters Kluwer TAA Limited has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.

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