Why Need Resident Director Services?
As per the Corporation Act, it is compulsory for each and every company registered in Australia to have at least one local director who is ordinarily resident in Australia. This can be a challenging task for foreign businesses that want to establish a subsidiary or other presence in Australia but may not have developed powerful networks and associates in Australia. Along with this, appointing a resident director or nominee director can be a complex task including various questions, regulations, obligations, and rules to be aware of.
Given the responsibilities and, sometimes, personal liability involved in offering this service, to safeguard our interests we also require from you, as owner:
- A fully executed Deed of Indemnity
- Coverage by a Directors’ and Officers’ insurance policy.
At GrowthSure, we offer cost-effective ‘resident director services’ to help our clients easily set up operations at the time of their arrival in Australia.
Cost-Effective Resident Director Services
Benefits of Partnering With GrowthSure For
Resident Director Services
Our professionals add value to your business by not only meeting legal requirements but also helping you grow your business by building close working relationships based on pragmatism, speed, honesty, commercial capability, and professionalism.
Rendering cost-effective Australian resident director services to help you focus more on growing your business while reducing your back-office and compliance costs.
With their extensive business and practical knowledge, our resident/nominee directors will keep your enterprise compliant all the time with the Australian Corporate Law.
We have experience working with various businesses and enterprises of all shapes and sizes, hence we can cope with all your unique requirements.
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Frequently Asked Questions
FAQs Related To Queries
Does an Australian company need a Resident Director?
Yes. It is mandatory for all the companies in Australia to appoint one director who is a resident of Australia. This person must be a citizen of Australia or must have the right to work and live in the country.
How many Australian resident directors do I need for my company?
For private companies, you need at least ONE director regularly residing in Australia. On the other hand, for public companies, you need at THREE resident directors amongst which TWO must be the permanent citizens of Australia.
Which legal requirements must be followed in nominating someone as the Resident Director?
The following should be kept in mind while nominating someone as the Resident Director. The person must:
● Be at least 18 years or above
● Regularly reside in Australia
● Committed to taking the roles and responsibilities of a Resident Director
Why Choose GrowthSure?
At Growthsure, we are passionate about helping you build your dream business. We help you easily handle your annual tax obligations while utilising smart ways to reduce tax as much as possible. We also indulge in helping you grow rapidly. We comply with the Australian Acts and render you solutions that best fits your business requirements.
Be it resident/nominee director, late overdue tax returns, personal taxes, asset protection, or any other need, we have always got your back.