When you set up an Australian company, at least one of your company directors needs to reside in Australia.
This is a legal requirement. And the Corporations Act 2001 (Cth) covers the requirements.
So here's what you need to know.
You’ll need to have at least 1 director that must ordinarily reside in Australia.
Now, you can have an overseas director or director(s) as well. But, you need to have one director that ordinarily resides in Australia.
The Corporations Act does not define ordinarily resides unfortunately.
And, without a definition in the Corporations Act, many look to the residency test set by the Australian Tax Office (ATO).
Why? First, to understand how tax will apply, and also to get an idea of what resides means generally.
Here's the ATO's definition of resides in Australia and what they take into account.
And here's another good article about setting up a company.
Questions? comments? Leave them below.
I wish you every success in all your ventures!