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A foreign company that wants to carry our business in Australia may register it as a foreign company. There is no need to incorporate a separate Australian entity to manage its Australian operations. Once registered, it will not be a separate legal entity from the parent company. First, check the company name is available in the ASIC register. You can reserve the name by paying a fee and submitting Form 410 (Application for Reservation of a name) if available. The name will be reserved for two (2) months from the approval date.
ASIC register: https://connectonline.asic.gov.au/RegistrySearch/faces/landing/NameAvail.jspx?_adf.ctrl-state=19soowamn5_4
Form 410: https://asic.gov.au/regulatory-resources/forms/forms-folder/410-application-for-reservation-of-a-name/ Next is to fill out Form 402 for registration, prepare the fee for registration, and gather the documents below. Additional instructions are included when you download Form 402.
Form 402 (Application for registration as a foreign company): https://asic.gov.au/regulatory-resources/forms/forms-folder/402-application-for-registration-as-a-foreign-company/.
Form 418 (Memorandum of appointment of the local agent): https://asic.gov.au/regulatory-resources/forms/forms-folder/418-memorandum-of-appointment-of-local-agent Lastly, lodge the forms with the supporting documents and pay the necessary processing fee. It usually takes up to 28 days for ASIC to process this type of application. Once approved, they will provide you with an Australian Registered Body Number (ARBN) number. This is the company number for registered foreign companies.
For more details from ASIC, click this link https://asic.gov.au/for-business/registering-a-company/steps-to-register-a-company/foreign-companies/.
We hope this blog gave you the necessary information and answered any questions regarding registering your foreign company in Australia. Again, there is no need to incorporate a separate Australian entity.