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For any foreign company looking to establish an Australian resident subsidiary company, it is a regulatory requirement to appoint at least one director who is an Australian resident. XO Accounting provide this service to some of its international clients.
Establishing a business offshore is difficult enough and the geographical distance of Australia can add to the stress. XO Accounting are here to support you and your business by providing you with the guidance needed to ensure you get it right the first time.
If you haven’t already established your business in Australia our Corporate Compliance services can assist with
XO can assist with the implementation of financial control sand systems to manage the business affairs of the Australian operations in line with the reporting requirements of your head office operations through our various packages:
Is a package for the accounting and tax management of your business which will also provide you with 24/7 access to the business accounts online.
Is a package for the daily processing of your business financial records including Accounts Receivable, Accounts Payable and Payroll.
Is a package to provide monthly reporting to head office in a format as required.
Is our consulting service in regards to the strategic management of your business in Australia.
The simple answer is yes. Acting as a Director in Australia is to assume many obligations, some have a financial risk whilst others may be the risk of criminal prosecution.
Standard Company * $825 per month (Inc GST)
Non Standard ** POA
* Business with a turnover less than $5M and minimal operational business risk
** Business with a turnover greater than $5M and operational business risk that is higher than normal