Foreign Owned Subsidiaries

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At Lotus Accountants, we act for numerous Australian based subsidiaries of parent companies that are located throughout the US, Europe and Asia.  With an experienced team of Chartered Accountants and Chartered Tax Advisers, and a thorough knowledge of the Australian tax and corporate environment, we provide local support as well as advice to in house finance teams based in regional headquarters outside Australia.

Having worked with companies such as Starbucks, Lucasfilm, CBRE, Optiver BV and many others Kylie and her team have the experience to assist in the often fast paced growth these businesses experience.

Services we Provide

• Advice in relation to choosing a Business Structure including the advantages and disadvantages of the available options.
• Assistance in setting up the business structure including incorporation or registration, referring Australian Directors and acting as the Australian registered office for the Australian Securities and Investments Commission (ASIC).
• Applying for relevant Tax Registrations including Australian Business Number (ABN), Tax File Number, PAYG withholding, Goods and Services Tax (GST) etc.
• Applying for a Substitute Accounting Period for Tax and ASIC reporting to align with the parent company
• Advice on Thin Capitalisation and Transfer Pricing.
• Advising on Employer Obligations including workers compensation, superannuation, payroll tax, fringe benefits tax and annual reporting requirements.
• Setting up and training on Xero