Everything You Need To Know About Resident Director
Are you an enthusiastic entrepreneur planning to set up a business in Australia? Or are you a businessman seeking an opportunity to expand your business in Australia? Well, in either of the cases one thing that you would be familiar with is the “ Resident Director. ” Either you have a dedicated team in Australia to help you out with it or you can get the xero accountants Melbourne here to help you with it. Either way, it is required under the Australian Corporations Act 2001 (Section 201A) to have a resident director. What Or Rather Who Is A Resident Director? All the internationally based businesses (whose owner is not a resident of Australia) need to appoint an Australian Resident as a Director. This is in compulsion as stated in the Australian Corporations Act 2001 (Section 201A). What Are The Qualification To Become Resident Director? The person must be a resident of Australia; thereby they must hold Australian citizenship. The person can also be a migrant but who...