FAQs | Company registration
Here are some common questions asked by our customers. If you have any other questions or concerns, please use the chat-box on the bottom and one of our friendly staff members will assist you.
What do I need to register a company?
The following information is required for each Director, Secretary, and/or Shareholder.
- Full name
- Residential address
- Date of birth
- Country and city of birth
- Number of Shares (if a shareholder)
If you don’t have the information with you at the time, you have the opportunity to make an account and save your application.
Can I register a company as a foreign resident?
A company ending in Pty Ltd (or its variations) must have at least one Australian Resident as a director. You also need an Australian address for the Principle place of Business. Foreign directors can hold shares in the company, however they must be aware of the laws in relation to the ownership, as well as tax and other laws in their own country of residence
How do I create a share structure for my company?
There are no specific rules for creating a share structure in your company. A common structure that makes it easier in the future, is to issue 100 Ordinary class shares (ORD) at a cost of $1. The company would then expect $100 of cashflow into its bank account. This makes the division of shares with future investors easier.
What happens after I register a company?
Your company will be successfully registered with ASIC within a few minutes given there are no issues or errors with your application. Following this, you may start trading under your company immediately.
Once your company has been successfully registered, we will send you an email with links to your ASIC Certificate and other company documents as PDFs. Additionally, ASIC will send you a Corporate Key in the mail within 10 business days.
You will be notified by email if there is a problem with your application. You may fix the errors and resubmit your application free-of-charge in the ‘Open Applications’ section in My Accounts.
How can I change my company information?
After submitting your application
Once the form has been accepted by ASIC, you have to:
Before submitting your application
While you are filling the form:
- Create an account on the Revent Companies website and save your application.
- Login with your Username and Password in ‘My Accounts’ and view your Open Applications.
What does a manual review of company name mean?
A manual review is done if the name is considered identical to an existing name. If you do not own the existing name you should consider a name that is available.
ASIC terminology (ABN, ACN, TFN, Corporate key)?
An Australian Business Number (ABN) is an 11-digit unique identifier which identifies a business and is used in commercial transactions and dealings with the Australian Taxation Office (ATO).
An Australian Company Number (ACN) is a 9-digit number that only company structures receive. It is an identifier that ASIC uses to monitor companies.
A Tax File Number (TFN) is a reference number used in the tax and super system. You do not require one but without it, you could end up paying more tax.
A Corporate key is sent to your company address within 10 days of registration. If you do not have your corporate key you can:
How much does it cost to register a company?
ASIC charges a $495 fee for the application process. We charge an $38 service fee, giving a total of $533.
How long does it take to register a company?
Once you have submitted your information, the verification generally takes less than 15 minutes.
Which company documents do I receive after registration?
We provide you with you certificate and generic documents for you to modify. Below is the full list of documents:
2 Occupier Consent
3 Consent to act as Director
4 Consent to act as Secretary
5a Consent to Act as Public Officer
5b Notice of Appointment of Public Officer
6 Minute of the Shareholders
7 Minute of the Directors
8 Application for ORD Shares
9 Share Certificate – ORD
10 Register of Members
11 Register of Directors
12 Allotment Journal
13 Table of Forms & Documents Lodged with ASIC
14 Common Seal Register
15 Register of Debenture Holders
What is the difference between Company name and Busines name?
Company name is registered with ASIC which has the company type such as Proprietary Limited (or its abbreviations) at the end. For example Revent Services PTY LTD.
To be able to display your company name without the postfix you must register it as a Business Name. Alternatively if you want to have a different business name under a company must register a seperate business name.
For example, Company name is Revent Services PTD LTY and the Business name is Revent Services. Or Hypothetically we have ACNsRus as a Business name under Revent Services PTD LTY.