Resident Director

A company incorporated in Australia must have at least one director who is a resident of Australia. When looking to establish a company in Australia, our clients often require the services of a resident person willing to take up the position of nominee resident director.

There are a number of fiduciary responsibilities of being a company director in Australia, that person should be experienced in meeting corporate governance and other business registration requirements.

The role comprises of the following obligations:

• Comply with the Australian Corporations Act 2001 – which requires every company incorporated or registered in Australia to have, at all times, at least one director who ordinarily resides in Australia and is a citizen or holds permanent residency.

• Primary Responsibilities -

  • Incorporate the company as an Australian Entity

  • Be the primary contact for tax registration

  • Arrange and negotiate for exemptions from audit if necessary

  • Manage the employment policies of the Australian company

  • Manage the overall ongoing financial reporting

  • Accurately lodge the company’s affairs on time with Australian regulatory bodies

  • Be responsible for any legal actions/movements within Australian borders

  • Expand operations on behalf of the foreign company when necessary

• Who are our resident directors – our available resident directors are all in-house staff who are seasoned compliance professionals who understand the needs of international businesses.

• Our requirements - given the obligations and liabilities associated with being a resident director, we need to be very specific regarding the clients with whom we partner. Our clients must under our “Know Your Client” process and enter into a nominee director agreement. We are only working with people of the highest integrity, looking to establish and maintain an Australian business in full compliance with local regulations.

• Cost-effective solution – for businesses that are expanding into, or starting a new venture in Australia, it is particularly important to keep expenses to a minimum while you establish your brand and grow your client base. Appointing a resident director to your company will greatly help you to keep your overheads low and will ensure you retain effective managerial control of your business. Our fees are fixed and affordable, and we do not charge you for minor compliance or administrative support connected with being a director of your company (such as bank account support).