b'ESV 5Doing business in AustraliaOverseas companies investing in Australia often face complex challenges arising in an unfamiliar businessEstablishing your environment business in AustraliaEstablishing an AustralianChoosing a successful business company structureMany businesses enter the Australian market byThere are a variety of business structures used in incorporating a new Australian company. ThereAustralia. Each type of structure offers different are a number of practical issues that need to beadvantages and limitations depending on the size considered in this approach, including: and scale of the intended business operation.Companies doing business are required to registerThe most commonly included structures include: on the Australian Business Register (ABR) and Sole traders or practitioners are issued with an Australian Business Number Partnerships (ABN).Joint-venturesCompanies must also provide identity documents Trusts of shareholders or additional non-resident Companiesdirectors There are a number of other structures throughCompanies must display this information on allwhich businesses may be carried on, including public documents and negotiable instrumentscertain widely held trusts and limited liability issued by the company and at every office andpartnerships, however such structures are complex place of business in Australia that is open andand specialist advice is recommended to ensure the accessible to the public.objectives of the transition into the Australian marketNeed an Australian resident director and publicare achieved. officer.Registering a foreign companyA foreign company doing business in Australia must be registered with Australian Securities Investment Commission (ASIC). Once registered, they will receive an Australian Registered Body Number (ARBN). A local representative of the foreign company is required by ASIC, with proof of identity requirements for shareholders and directors. A local agent can be responsible for the lodgement of documents if required.'