Pty Ltd or Sole Trader – Total Control, Total Compliance
Australia is a top-tier destination for entrepreneurs and international businesses alike — known for its strong legal framework, economic stability, and ease of doing business. Whether you’re launching a startup, entering a new market, or scaling globally, Australia offers a transparent and investor-friendly business environment.
There are several types of business structures in Australia, but the most popular among local and foreign founders are Proprietary Limited (Pty Ltd) companies and Sole Trader setups. Both are regulated by the Australian Securities and Investments Commission (ASIC) and supported by a digital-first government infrastructure.
Proprietary Limited Company (Pty Ltd)
The most common and scalable business structure in Australia. It’s a separate legal entity that offers limited liability, access to funding, and credibility with partners and clients.
Advantages:
- Separate legal identity
- Limited liability for shareholders
- Access to venture capital and private equity
- Eligible for R&D tax incentives and government grants
- Higher credibility with clients, investors, and financial institutions
- Can be owned 100% by foreign individuals or entities (with Australian resident director)
Sole Trader
Simple and affordable, ideal for freelancers, consultants, and self-employed professionals looking for quick registration and minimal paperwork.
Advantages:
- Easy and low-cost setup
- Full control of business decisions
- Simplified tax reporting
- Fewer ongoing compliance obligations
- Great for testing a business concept before scaling
Why Set Up a Business in Australia?
- Transparent, pro-business legal system
- World-class banking and digital infrastructure
- 0% capital gains tax for eligible small businesses on active assets
- Tax incentives for startups and innovation-focused companies
- Strong ties to Asia-Pacific markets
- 100% foreign ownership allowed with local compliance
- Competitive corporate tax regime
Our Services
At Lapras Business Consultants (LBC), we guide you through every step — from choosing the right jurisdiction and business structure to managing documentation, registration, licensing, and compliance.
Your global business journey starts here — with clarity, efficiency, and the expert support of LBC. Let’s build it right, wherever you choose to grow.
01
Company Setup & Legal Formation
- ABN (Australian Business Number) Registration
- ACN (Australian Company Number) Issuance
- ASIC Company Registration
- Business Name Registration
- TFN (Tax File Number) & GST Registration
- Resident Director Service (if required)
- Constitution Drafting and Company Governance Documents
- Shareholder Agreements and Company Structuring
02
Regulatory Registrations & Licenses
- Goods and Services Tax (GST) Setup
- PAYG Withholding Registration
- State Business Licenses (if applicable)
- Intellectual Property Protection (Trademarks, Patents)
- Import/Export Licensing and Customs Registration
03
Accounting & Tax Compliance
- Bookkeeping Setup (Xero, MYOB, QuickBooks)
- BAS (Business Activity Statement) Filing
- Corporate Tax Returns
- Single Touch Payroll (STP) Setup & Management
- Superannuation Compliance
- Annual ASIC Filings and Company Secretarial Support
04
Ongoing Advisory & Admin
- Virtual Office & Registered Office Address
- ASIC Agent Services
- Tax Residency Advice and International Structuring
- Business Restructuring & Asset Protection Planning
- Financial Statements & Management Reports
- Audit Coordination (if applicable)
Frequently Asked Questions
Can a foreigner start a company in Australia?
Yes. Foreign individuals and entities can fully own a company in Australia. However, you must appoint at least one resident director. LBC provides nominee director services to meet this requirement.
What’s the difference between a Sole Trader and a Pty Ltd Company?
Sole Trader is simpler, with fewer setup costs and obligations but no legal separation between the individual and the business. A Pty Ltd company offers limited liability, better scalability, and is more attractive to investors and banks.
Do I need a physical office in Australia?
No, a virtual office or registered address is sufficient to meet ASIC requirements. LBC can arrange this for you.
What are the ongoing compliance requirements for a Pty Ltd company?
- Annual company statement and ASIC fee
- Business Activity Statement (BAS) filings (monthly or quarterly)
- Income tax return
- STP payroll reporting
- Superannuation and employee benefits reporting
What support does LBC provide for foreign founders?
- LBC acts as your local partner in Australia. We help with:
- Resident director appointment
- Company registration and structuring
- Tax and GST registration
- Payroll and compliance
- Business planning and international tax advisory
Launch in Australia — Strategically, Legally, and Confidently.
With LBC, your Australia company setup is handled from A to ASIC.