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Steps to Incorporate an LLC in Australia

Steps to Incorporate an LLC in Australia

As the world becomes increasingly globalized and more and more businesses are choosing to expand into new territories, Australia is becoming a firm favorite thanks to its unbeatable economic performance and stability. Indeed, with an average GDP growth forecast of around 2.0% per year and a GDP measuring in at US$1.323 trillion according to latest figures, the country is one to be reckoned with and makes sound financial sense to foreign investors. Trade between Australia and Latin America is another reason why entrepreneurs are flocking to the country, with free trade agreements allowing access to many of the world’s most exclusive and lucrative economies, including Europe, the United Kingdom, and China. In order to maximize your chances of success in the country, it is important to incorporate a company in Australia as a method to expand your commercial presence to the region. Below, we’ve put together a step-by-step guide of setting up a business in Australia and share some tips on ensuring you remain compliant. Getting Started with Incorporating an LLC in Australia Once you have consulted with your team and shareholders and have made the decision to set up a business in Australia, the next step is to decide on the most appropriate corporate structure. There are several key Australian business structures to consider, including a sole trader, a partnership, a company, and a trust, and each offers its own unique benefits, and by reviewing the operations and logistics of each, you’ll be able to make an informed decision. Once you have decided on your corporate structure,...

Steps to Create / Set-Up a Branch of a Foreign Company in Argentina

Steps to Create / Set-Up a Branch of a Foreign Company in Argentina

Argentina is one of the largest economies in Latin America and is currently undergoing an economic transformation that will promote sustainable economic development and integration into the global market. With Argentina's vast natural resources in energy and agriculture, the country also has many opportunities to expand in manufacturing sub-sectors and innovative services in high tech industries. More and more foreign investors are looking at Argentina as an attractive place to invest and set up their companies. However, to do business in Argentina you don't necessarily have to form a new company. This article will outline some of the advantages of establishing a branch of a foreign company in Argentina.  Argentina - What Is a Branch Office in a Foreign Country? A branch office is very simple to define but may be more difficult to understand. It is simply any affiliated location to a company or business entity, that is not the head office, meaning that it is the head office that carries all legal responsibility. Despite being exempt from legal responsibility, a branch must have its own capital, its own legal representative and its own legal address and list of shareholders. The cost of setting up a branch of a company in Argentina is between USD$400-500 and must be done before the Public Registry of Commerce. Branch office registration requirements To establish and register a branch of a foreign company in Argentina you will need the following documentation: 1. Qualification Report: This must be issued by a local notary or lawyer. Their signatures must be certified by one...

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