Directions On Registering Your Branch Offices In Australia - By: Ray Latimer

So, I’m ‘carrying out business’. Now what? If you answered yes to both questions, you need to determine whether to integrate or to register a branch or representative office. For people who aren’t certain of the variations, an integrated subsidiary has its own separate legal status, whilst an office has a local agent who signifies the overseas company. That agent is individually liable for the actions of the company within Australia.

There are numerous positive aspects to this: you no longer need a regional director and secretary (as all incorporated organizations do in Australia), plus there can be taxation benefits. To register so, you have to accomplish these steps: 1. Evaluate your name. Like with incorporation, you need to ensure your company’s name is available. ASIC will not allow a name to be registered if it is confusing (e.g. as to the company’s activities), uses specific words (such as ‘university’), is already registered to a different company, or is illegitimate. 2. Reserve your name. This step is non-obligatory, but reservation costs only AU$41 (as of 2011) and covers the preferred name from there forward.

If you don't, you could go through the procedure, only to discover you've been pipped to the post. You need ASIC Form 410 to complete this step. 3. Fill out ASIC Form 402. This is the Application for Registration. This is the point you need to have all the information present for instance the information of the directors of the company and of the local representative and of the signed up office. It’s not required to have your personal office, but if not, you should have consent from the owner for you to make use of that address. 4. Assemble the mandatory documentation. Before you deliver off Form 402, you have to ensure all the necessary documents are contained.

This is: A memorandum of appointment of, and power of attorney for, the regional representative; A certificate of registration or incorporation (or a similar document) that confirms the international company is currently authorized in its place of corporation; A certified copy of the company’s constitutions, bylaws or equivalent; If a director is resident in Australia, a memorandum stating the powers of those directors; A notice of any rates on company property held in Australia; and An authorized translation of any document not in English. 5. Submit the application. Once you’ve accomplished all the paperwork, send the application, with the appropriate fee (currently AUD$426) to ASIC. They will issue a Certificate of Registration of a Overseas Company and give your company an Australian Signed up Body Number (ARBN).

Other Requirements and Considerations: There are some matters you need to consider before proceeding in a overseas country: Have you chosen the correct market entry mode? Have you considered risk mitigation issues? What is your exit strategy? We also emphasise you need to think about registering all intellectual property rights or assets owned by your business before engaging in trade in the overseas market. If you are planning an international business expansion or to engage in international trade, do you have a realistic budget to achieve your international business goals? To obtain further information on international business development strategies, please view our business planning and business consulting services in our Inveiss Business website.

About the Author

Register Branch Office in Australia with us. Inveiss lawyers specialize in ABranch Office in Australia at no extra costs.

Article Directory Source: http://www.articlerich.com/profile/Ray-Latimer/189529

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