Hanrick Curran looks after many Australian clients with investments and business interests outside of Australia. We also have international clients with investments or business interests in Australia.
Our international client interests are varied and are in locations such as:
Papua New Guinea
We are experienced in assisting Australian clients to structure the expansion of their business overseas. International structuring requires a lot of consideration and input from various parties. Thought needs to be given to commercial, tax and legal considerations in Australia and overseas and very importantly, the cash flows between the countries.
We have developed and listed a series of resources to assist Australian businesses exporting their products, services and know-how out of Australia. The export resources can be found in the Resources tab below.
As a member of the Alliott Group (an international affiliation of accountants and lawyers), Hanrick Curran can help coordinate all relevant advisors to ensure an efficient international business structure can be implemented. In October 2016, Alliott Group were awarded the prestigious award of Rising Star Association of the Year from The Accountant/International Accounting Bulletin recognising their growth and international support offered to their members.
International tax structuring involves consideration of many different aspects including Controlled Foreign Company (CFC), Active Foreign Company capital gain exemption, thin capitalization, transfer pricing and withholding tax. As these rules are quite complex it is essential that specialist advice is sought to optimise tax savings.
We have many staff members who are multi-lingual and have found this can be of great assistance for clients when explaining technical cross border structuring issues.
Hanrick Curran's Asian Business Services division has its primary focus on assisting multi-national clients expanding into Australia with a focus predominantly on the Asian business community.
We assist clients ranging from companies that conduct the Australian operations of a multinational company, to individuals and families who have migrated from overseas to establish business and investment opportunities in Australia. Our multi-lingual staff members (including Mandarin, Cantonese and Vietnamese speakers) can assist to provide advice and explain the Australian business laws and culture to new migrants who may otherwise have difficulties.
We can tailor our level of service depending upon the client's requirements. We assist some clients with all compliance matters including monthly bookkeeping, payroll and compliance obligations, all annual taxation and other regulatory obligations and assisting to translate documents for head office review.
Other clients rely on us solely for annual statutory obligations and strategic advice.
- Initial business structuring advice
- Establishing the structure and applying for statutory registrations
- Provision of general business advice
- Providing HR advice and assisting with employment obligations including payroll, employment contracts, salary advice and assisting with employee taxation and superannuation compliance obligations
- Assisting with compliance obligations such as:
- Audit of financial statements
- Business Activity Statements (GST returns)
- Corporate Secretarial
- Fringe Benefits Tax (FBT) Returns
- Income Tax Returns
- International Dealings Schedule
- Country by Country (CbC) Reporting
- Preparation of financial statements
- Providing assistance to migration agents with the financial side of visa applications
- State Tax obligations
We assist many individuals with their taxation and superannuation obligations including expats who still have Australian tax obligations and individuals working in Australia under temporary work visas. We can also work with their overseas taxation advisors to ensure their worldwide tax is minimised.
Below are some useful resources regarding expatriates which Hanrick Curran offer through our Alliott Group membership:
Our International Business specialists who can assist you to expand your business are:
Please view our resources to assist internationals to do business in Australia:
- Foreign and Migrating Client Issues
- Investing in Australia
- Round table discussion report on global transfer pricing
- Discussion report on Country by Country Reporting & Transfer Pricing Documentation Rules
Please view some useful resources for Australian businesses exporting their products, services and know-how out of Australia:
- A recording of an event hosted by Hanrick Curran with a panel of export experts
- Export Budget Template to assist in forecasting the financial investment and viability of exporting
- China Passport produced by the Australia China Business Council for valuable insights for exporting into the China market
- SME Information Series for advice from Efic on key issues faced by exporters
- Export Innovation white paper prepared by Efic for best practice ways to leverage new export opportunities
- Please view the keynote presentation and notes from the Australian PNG Business Forum 2016 Meeting on the topic of Planning and Registering your Business in PNG
Please view some useful resources for businesses operating internationally:
- Australian Company Operating Internationally: Where Will Tax Be Paid?
- Australian Companies With Foreign Income: Repatriation of Profits
- UK Company Operating Internationally: Where will Tax Be Paid?
- UK Companies Operating Overseas: Permanent Establishment Risks Explained
- UK Companies with Foreign Income: Repatriation of Profits
- US Company Operating Internationally: Where will Tax Be Paid?
- Canadian Company Operating Internationally: Where will Tax Be Paid?
June 2017 2017 NEW ZEALAND BUDGET – Business Growth AgendaAug 2016 Start-Up Series: Step 3 - Define the market and its size
May 2017 Hanrick Curran Among International Leaders At Global Business Conferences
Mar 2017 Common Reporting Standard – What does it mean for expatriates?
Mar 2017 Common Reporting Standard Report for Expatriates
Mar 2017 International companies to consider impact of draft tax ruling
Mar 2017 Beware of additional duties levied for minority foreign interests
Mar 2017 Aiming to Make the UK 'The Best Place in the World to do Business'
Jan 2017 International transparency of financial information heats up
Dec 2016 MYEFO Reveals higher deficits ahead
Dec 2016 2017 PNG National Budget
Aug 2016 Start-Up Series: Step 2 - Does solving the problem create value?
Aug 2016 Global responses revealed on International Business Tax Avoidance Measures
Aug 2016 New Promotions for 2016
July 2016 Start-Up Series: Step 1 - What's the problem?
July 2016 Expatriate Services Report Provides Reference Tool for Companies with Internationally Mobile Workforces
Jun 2016 Global Initiative (BEPS) to Tackle Tax Avoidance by International Companies
Jun 2016 Pitt backflip set to hurt foreign property buyers
May 2016 International Connections through Commonwealth Trade Initiative
May 2016 Building Relationships Internationally
Mar 2016 First steps to accessing export markets event summary
Jan 2016 It’s not too late to claim an Export Market Development Grant
Jan 2016 Decrypting a Form W-8BEN
Nov 2015 Time is running out for foreign investors to lodge approval for applications prior to administration fees increasing
Nov 2015 Strengthening International connections
Sep 2015 Export grants vital to Australia’s trade, jobs and growth
Sep 2015 Tax Concessions still available for NZ Citizens
Mar 2015 Foreign investment in Australian agricultural land under scrutiny