According to the Corporations Act requires that every Australian private company must have at least one director who “ordinarily resides in Australia”. Public companies must have at least 3 Australian resident directors. Under Australian Law, directors in Australia are personally liable for many company debts. Also, a director who does not comply with the law relating to director duties can be charged with a criminal offence with a penalty of $200,000 and/or imprisonment for up to 5 years, so only professional resident directors are prepared to take the risk.

Why choose Sim & Qiao Accountants?

-We add value. We have professional legal and financial team to support you.

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