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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~18 days
Setup Time
~$375
Setup Cost
25%
Corporate Tax
100%
Foreign Ownership
#14
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Proprietary Limited (Pty Ltd) | None | 100% | Limited | 1 | Standard entity for most businesses — no minimum capital, simple structure |
Public Company (Ltd) | None | 100% | Limited | 1 | Companies planning to list on ASX or raise public capital |
Branch Office | None | 100% | Unlimited | 0 | Foreign companies operating in Australia — must register as foreign company |
Register Company with ASIC
Apply online — includes ABN (Australian Business Number) and TFN (Tax File Number)
0-1 days
~$350
ASIC
Register for GST
Mandatory if revenue exceeds A$75,000/year
0-1 days
Free
ATO
Register Business Name
If trading under a different name than company name
0-1 days
~$25
ASIC
Open Bank Account
Major banks: CBA, ANZ, Westpac, NAB. Digital: Airwallex, Up
1-5 days
Free
Bank
Register for PAYG
Pay As You Go withholding for employee payroll
1-3 days
Free
ATO
Workers Compensation Insurance
Mandatory in all states for employers
1-7 days
Free
State WorkCover
$3200/mo
Minimum Wage
$6500/mo
Average Wage
38 hrs/week
Work Hours
20 days/year
Paid Leave
2 weeks/year
Severance
11.5% of salary
Employer Social Security
0% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: TSS (Temporary Skill Shortage) visa requires labour market testing. Minimum salary A$70K for short-term, A$73.15K for medium-term.
Work Permit Process: Employer sponsors via Temporary Skill Shortage (TSS 482) visa. Must be on skilled occupation list and meet market salary rate.
#14/190
Ease of Business Rank
2 days
Starting a Business
4.5 days
Registering Property
395 days
Enforcing Contracts
75/100
Corruption Perception
96%
Internet Penetration
AUD
Currency
UTC+8 to UTC+11
Time Zone
18
Retail (months)
14
F&B (months)
14
Tech (months)
30
Manufacturing (months)
10
Services (months)