Confidus Solutions employs a wide range of experts in different fields: lawyers, real estate experts, bank agents, accountants, tax consultants, and other professionals. Our company's representatives have vast experience dealing with individual clients, providing wealth management, personal tax planning, due diligence as well as transaction assistance services. Confidus individual services can provide you tailor-made solutions in Australia.


Australian individual support services & legal solutions

Order one of the provided Australian individual support or wealth management services and we shall provide you a custom, tailor-made solution. Confidus Solutions, collaborates with a number of professionals from different industries, develops an efficient strategy and creates a unique solution designed for each customer specifically. Once the communication is established, you will receive a list of documents and information required to proceed.

Ireland has a corporate tax rate of 12.5%, which is one of the lowest in the European Union. Companies that operate under VAT have to pay tax on purchases at 23%. Certain services, like those related to certain foodstuffs, children's car seats, social housing, renovation and repair of private dwellings, cleaning in private households, some agricultural supplies, and others, benefit from a 13.5% VAT rate.

Once your business is registered it is almost fully operational, but there are still a few things that need to be done before you can run your business. While you can start inquiries earlier, these steps can only be completed after the company has been successfully registered and a certificate of registration has been issued.

Depending on the type of business you wish to operate and various other factors, you may need to register with the local tax office for a VAT number (read more about VAT here), open a permanent corporate bank account, or apply for certain licenses/permits, if applicable. At this stage, all documents must be signed by a director representing the company, but shareholders are usually not involved in corporate governance. When you appoint a nominee director, you are authorized by power of attorney to conduct your business on behalf of the nominated director. In this scenario, you can sign all documents as an authorized third party.

Opening a bank account
One of the most important steps is opening a permanent corporate bank account – an essential part of any business and essential to conducting business in general. This task is reserved exclusively for the managing director and in most cases cannot be performed by an authorized third party. After the company is officially registered, you need to choose the most suitable bank and open an account. Please note that your company's bank account may be opened with a foreign bank in another state or jurisdiction.

Choosing the right bank is crucial, especially if one of your top priorities is to protect your privacy and the confidentiality of your identity, as different banks have different requirements for the information and documents to be provided, as well as different due diligence procedures. However, nowadays most banks want to know who the beneficiary of the company is regardless of the circumstances, even if you use nominee services.

We would normally advise our clients to open a bank account in one of the tax haven zones.

Registration for a sales tax identification number (VAT).
In some countries, Value Added Tax (also known as Value Added Tax) is levied on the sale/purchase of certain goods and services. In general, VAT can be defined as a consumption tax that is estimated and levied on the basis of added value. In most countries, your company can voluntarily apply for VAT status; However, there can be a number of conditions that affect when a business is required to register for VAT and file VAT reports.

Once the company is registered for a VAT number, it must file periodic VAT reports with information on incoming and outgoing invoices, even if issued/received from other counterparties and partners. Most importantly, all transactions must be declared in the VAT report, including invoices that have 0% VAT applied. If you plan to start a trading company, sooner or later you will probably have to deal with VAT issues.

An investment account is maintained with such financial institutions as banks, brokerage houses, or even insurance companies. The main purpose of this account is capital preservation and growth, as well as fixed-interest profit through long-term deposits in the asset portfolio.

In general, "investing" means a proactive use of assets in a very broad definition - such as patents, trademarks, rare wines or gold coins, but also small businesses, real estate and antiques. In this regard, the investment account contains fewer physical assets: cash, stocks, bonds, and mutual funds. The basic investment objective remains the same – to buy the asset and hold it for the long term, and to sell it at some point in the future when the asset's value is cheaper. Depending on the asset you have decided to invest in, you need to evaluate your investment as a long-term process as you will have to wait for the particular asset to appreciate in value.

Investment Account Features
Before opening an investment account, you should consider whether or not this type of financial service is best for your risk/return. Furthermore, liquidity preferences embody your goal. Investment accounts are usually maintained with long-term goals. Traditionally, the long term is considered to be 7 years or more, but this number should not be the primary determinant when deciding whether or not to open an investment account. This banking service is often used when there is a specific event in your life that requires a higher income, such as a wedding. For example, if you are sending your child to college, buying a house, or approaching retirement.

Since one of the main determinants of the investment account is its long-term nature, you should be ready to face another attribute of it - liquidity. Any financial instrument has less liquidity compared to cash in your checking or savings account. Additionally, this type of deposit usually comes with higher transaction costs in case you want to access the cash sooner than a specific time specified in the agreement between you and the financial institution.

Types of investment accounts
If you have decided to open an investment account, the next step is to find a bank or other financial institution that can offer you the most suitable type of investment account regarding the costs, risk level and other components. There are various kinds of accounts designed for different needs and wishes of investor, but not all banks offer such services.

Brokerage account
This account is managed by the investor himself. Usually, after depositing cash on this account, you can use the funds to purchase different financial instruments or other types of investments. This account involves a commission paid to your broker for executing your purchase and sell orders. If you feel uncertainty regarding your investing skills, you may use full service brokerage account, which would also include investment advices.

Retirement account
This account is designed for long term continuous deposits over the years of employment, which results in higher income during retirement in addition to the state pension (if applicable in your country – ask us). In several countries, deposits in the retirement account are not tax applicable.

Custodial / guardian account
These accounts are designed for investors, who want to save funds for their children or other person. This includes savings made for a child’s education.

Specialty account
This type of account usually includes testamentary or non-testamentary trust accounts. In case of a non-testamentary trust account financial instruments are registered on behalf of the trust, while managed by a trustee. Meanwhile, a testamentary trust is opened through the testimony of a deceased person.

Business account
Business account works similarly as brokerage account, while the client is a business instead of a private person.

Account opening services
Confidus Solutions team of highly-skilled banking agents and financial experts will provide you detailed consultation regarding different types of bank accounts in order to offer you the most efficient solution. Our agents are dealing with a number of global banks and financial institution, thus providing a great variety of solutions. Contact us and we shall review your case, provide the list of documents required to open an investment bank account and guide you through the whole procedure, including, negotiations with the bank.

Advantages & disadvantages of investment account
As discussed previously, it is very significant to determine the main reasons of opening an investment account or other type of account. If comparing to savings account, one must take into consideration that the funds deposited will not be accessed easily and the process will be more time consuming.

While your investment account has the potential of high return, if invested correctly, a risk of losing some or even all the money, if invested incorrectly, should be taken into consideration.

Favoured jurisdictions for investment banking
We can assist with bank account solutions in numerous jurisdictions, however, some may offer more benefits in terms of confidentiality, asset protection, and financial sector legislation. Following jurisdictions are recommended for banking and payment solutions.