Economos can assist our own clients who wish to expand overseas. Our strong network of international affiliates provide a safe-home for our clients wishing to expand globally.
Businesses expanding into Australia
Economos also regularly assists international clients to set up operations in Australia. We can assume full responsibility of running a business’ finance function. We work with many different types of businesses and have particular strengths with foreign owned inbound companies.
Inbound companies typically want to solely focus on the core function of sales or research and development and are reluctant to hire a CFO and bookkeeper especially during the early years. This reluctance can be due to difficulty in hiring the right personnel and high direct (i.e. wages) and indirect (i.e. rent office) costs.
Why build a new finance function in Australia when you can partner with experts in this space? We work with many different foreign owned companies and currently assist with providing compliance, operational and strategic support to our clients. Working with the Economos International team means that you can access our specialists whenever required and we can also provide support to local personnel.
Our expert team can assist with technical issues such as:
Starting a business in Australia
- Expanding Overseas
- Whether to establish a subsidiary or a branch
- Domestic taxation registrations (State and Federal)
- International compliance obligations (outbound)
- Residency rules
- Expatriate & Migration issues
- Withholding and repatriation of profits
- Transfer Pricing
- Cross Border Tax and Double Tax Agreements
- Foreign Investment review Board (FIRB) considerations
- Virtual CFO services