What Are The Benefits Of Using The Services Of Resident Director?
Foreign companies, when fixing business in Australia, are required to appoint one resident director if they're a proprietary company or two resident directors if they're a public company. As a part of the regulations that began by the Australian Corporations Act 2001, a resident director , also referred to as nominee director, must reside in Australia. Foreign companies often find it difficult, to not only appoint an appropriate Resident director that has the talents and knowledge of Australian regulations but also one that lives in Australia. This is where resident director services slot in and will be a viable option for your business to think about. Benefits Of Resident Director Services: Cost-effective solution- Utilizing resident director services may be a less costly option than employing a full-time or maybe part-time director to the business, especially once you add the prices of employment like superannuation, workers compensation, and payroll tax, if re