{"id":2774,"date":"2018-05-10T12:06:56","date_gmt":"2018-05-10T02:06:56","guid":{"rendered":"https:\/\/intas.com.au\/?page_id=2774"},"modified":"2023-11-22T22:00:02","modified_gmt":"2023-11-22T11:00:02","slug":"resident-director","status":"publish","type":"page","link":"https:\/\/intas.com.au\/resident-director\/","title":{"rendered":"Australian Resident Director Services"},"content":{"rendered":"\n<h2 class=\"wp-block-heading has-huge-font-size\">Need A Resident Director For Your Australian Business Operations?<\/h2>\n\n\n\n<p>As part of our speciality helping&nbsp;overseas companies&nbsp;set up in Australia,&nbsp;International Accounting Solutions&nbsp;offers&nbsp;Australian Resident Director&nbsp;Services, for when&nbsp;businesses&nbsp;are unable to provide eligible candidates themselves.<\/p>\n\n\n\n<p>Finding an eligible Resident Director can often be an obstacle for&nbsp;overseas companies&nbsp;wanting to&nbsp;establish&nbsp;an&nbsp;Australian subsidiary or branch office.<\/p>\n\n\n\n<p id=\"ent-3\">This cost-effective and flexible solution overcomes that hurdle, ensuring your company can meet its&nbsp;regulatory obligations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Our Resident Director Service Includes:<\/h2>\n\n\n\n<ul>\n<li>The provision of an accredited nominee to act as Australian Resident Director for your company.<\/li>\n\n\n\n<li>The Resident Director appointed will be in name only and will not have any business responsibilities.<\/li>\n\n\n\n<li>Liaising with regulatory authorities and financial institutions.<\/li>\n\n\n\n<li>Managing your annual compliance obligations.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What Are The Resident Director&#8217;s Responsibilities?<\/h2>\n\n\n\n<p>Aside from the ordinary\u00a0responsibility\u00a0of an\u00a0Australian director\u00a0(acting in the best interests of the company, avoiding conflicts of business and personal interests and avoiding trading while being insolvent), a resident or nominee\u00a0director\u00a0is also responsible for ensuring the company:<\/p>\n\n\n\n<ul>\n<li><strong>has a current\u00a0registered office<\/strong>\u2013 A company must have a current registered office in\u00a0Australia\u00a0and must inform <a href=\"https:\/\/asic.gov.au\/\" class=\"ek-link\">ASIC <\/a>(Australian\u00a0Securities and Investments Commission) of its location.<\/li>\n\n\n\n<li><strong>has a principal place of business<\/strong>\u2013 A company that operates a business from a location different from its\u00a0registered office\u00a0must inform ASIC.<\/li>\n\n\n\n<li><strong>discloses personal details of directors<\/strong>\u2013 A company must inform ASIC of the name, date of birth and\u00a0current residential address of directors.<\/li>\n\n\n\n<li><strong>keeps\u00a0financial records<\/strong>\u2013 A company must keep up-to-date financial records that correctly record and explain transactions\u00a0and financial position.\u00a0Larger companies\u00a0have additional\u00a0obligations to lodge financial reports with ASIC.<\/li>\n\n\n\n<li><strong>notifies ASIC of key changes<\/strong>\u2013 Whenever there are certain key changes to the company\u2019s details (e.g. principal place of business, directors), ASIC must be notified.<\/li>\n\n\n\n<li><strong>pays relevant fees to ASIC<\/strong>\u2013 For example, the annual\u00a0review fee.<\/li>\n\n\n\n<li><strong>checks annual statements<\/strong>\u2013 A company\u2019s details on the ASIC register must be accurate and up-to-date.<\/li>\n<\/ul>\n\n\n\n<ul><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why Choose International Accounting Solutions As Your Australian Resident Directors?<\/h2>\n\n\n\n<ul>\n<li>Knowledgeable in regulatory and compliance requirements, with over 20 years\u2019 experience providing resident director services here in Australia.<\/li>\n\n\n\n<li>Our nominee directors are members of the Australian Institute of Company Directors, Chartered Accountants Australia &amp; New Zealand, and the Tax Institute. Background checks, as well as credit and police checks, have also been carried out.<\/li>\n\n\n\n<li>Trusted as Resident Directors for many Australian subsidiary companies with head offices in countries such as the UK, USA, Canada, Europe &amp; China.<\/li>\n\n\n\n<li>We add value to your business, not just fill a legal requirement, and can provide additional services, such as a Virtual CFO or accounting and taxation advice.<\/li>\n\n\n\n<li>Access to a network of invaluable business contacts.<\/li>\n\n\n\n<li>The maintenance of privacy and confidentiality at all times.<\/li>\n\n\n\n<li>A professional name to represent your company.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-css-opacity has-background is-style-wide\" style=\"background-color:#358310;color:#358310\"\/>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-white-color has-text-color has-background wp-element-button\" href=\"https:\/\/intas.com.au\/contact-us\/\" style=\"background-color:#358310\">Enquire Now<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-css-opacity has-background is-style-wide\" style=\"background-color:#358310;color:#358310\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Resident Director FAQs<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">What is a resident or&nbsp;nominee director?<\/h3>\n\n\n\n<p>One of the requirements of the <a href=\"https:\/\/www.legislation.gov.au\/Details\/C2019C00216\" class=\"ek-link\">Corporations Act 2001<\/a> is that all companies registered in Australia must have a local\u00a0Australian resident\u00a0appointed as a director of the company at all times.<\/p>\n\n\n\n<p>Private, or proprietary companies (Pty Ltd) must have at least one director. A public company must have at a minimum, three directors, at least two of whom must ordinarily reside in Australia.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Who is eligible to be a director of an&nbsp;Australian company?<\/h3>\n\n\n\n<p>To be a&nbsp;company director&nbsp;in&nbsp;Australia, you must:<\/p>\n\n\n\n<ul>\n<li>be at least 18 years of age<\/li>\n\n\n\n<li>ordinarily, reside in&nbsp;Australia<\/li>\n\n\n\n<li>consent to taking on the role and responsibilities of a director.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Can a non-resident be a director of an&nbsp;Australian company?<\/h3>\n\n\n\n<p>Yes, someone who is not ordinarily resident in Australia can be appointed as a director of an&nbsp;Australian company, provided the company has first nominated a Resident Director. The Resident Director must be one who resides in Australia and is either a&nbsp;permanent resident&nbsp;or&nbsp;Australian citizen.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Does the Resident Director run the company?<\/h3>\n\n\n\n<p>A resident director can be appointed in name only and does not have to be given an&nbsp;active role&nbsp;in operating and managing the business. Their role is to liaise with&nbsp;regulatory authorities&nbsp;and&nbsp;financial institutions&nbsp;and manage your company\u2019s regulatory compliance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Can the managing director be appointed to the role?<\/h3>\n\n\n\n<p>Yes, as long as they meet the criteria set out under <a href=\"https:\/\/asic.gov.au\/about-asic\/what-we-do\/our-role\/laws-we-administer\/#:~:text=ASIC%20administers%20and%20enforces%20a,Corporations%20Act%202001%20(Corporations%20Act)\" class=\"ek-link\">ASIC law<\/a>.<\/p>\n\n\n\n<p>We do advise, however, the person appointed to be your resident director has compliance and&nbsp;Australian tax law&nbsp;experience. This person must also have the time to adhere to the role. If your managing director does not have the skills nor the time to comply, we would recommend appointing someone else.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Do I need to appoint a&nbsp;company secretary&nbsp;as well as a resident director?<\/h3>\n\n\n\n<p>No. There is a common misconception an&nbsp;Australian proprietary company needs both a resident director and a&nbsp;company secretary. This is not true.<\/p>\n\n\n\n<p>When a company appoints an&nbsp;Australian resident director&nbsp;they have the choice of whether to appoint a&nbsp;company secretary&nbsp;or not. The company secretary must reside in Australia.<\/p>\n\n\n\n<p>If your company does not appoint a&nbsp;company secretary, the role and&nbsp;responsibility&nbsp;of the company secretary must be assigned to another person. In most cases, these tasks are undertaken by the resident director.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to appoint an Australian Resident Director?<\/h2>\n\n\n\n<p>Given the role&#8217;s responsibilities, choosing a Resident Director is an important and even challenging decision.<\/p>\n\n\n\n<p>Because of the&nbsp;inherent risks&nbsp;involved, thorough checks need to be made on both sides, and we always advise proceeding with caution before appointing a nominee. International Accounting Solutions&nbsp;sets out an&nbsp;Australian Resident Director&nbsp;agreement detailing the arrangement and essential legal protection.<\/p>\n\n\n\n<p>From you, we will need:<\/p>\n\n\n\n<ul>\n<li>Proof of identities,<\/li>\n\n\n\n<li>Incorporation if already an&nbsp;established entity,<\/li>\n\n\n\n<li>Letters of reference,<\/li>\n\n\n\n<li>Proof of insurance held in place,<\/li>\n\n\n\n<li>Deed of Indemnity<\/li>\n<\/ul>\n\n\n\n<p>Our team here at\u00a0<a href=\"https:\/\/intas.com.au\/\" class=\"ek-link\">International Accounting Solutions<\/a>\u00a0can assist you with this documentation.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-layout-2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-white-color has-text-color has-background wp-element-button\" href=\"https:\/\/intas.com.au\/contact-us\/\" style=\"background-color:#358310\">Contact us today<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Need a resident director for your Australian business operations? International Accounting Solutions offers nominee directors for your company.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Australian Resident Director Services - INTAS","_seopress_titles_desc":"Need a resident director for your Australian business operations? 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