A company that banks and processes like a local one
A Pty Ltd needs a resident director by law, and every director needs a verified director ID. That is two local checks before you even reach a bank.
What decides the outcome in Australia
Resident director is mandatory
A proprietary company must have at least one director who ordinarily resides in Australia, and each director must hold a verified Director Identification Number.
Business banking requires local presence
Australian banks verify a resident director in person or through a verified channel before opening a business account.
Merchant accounts require local ownership
Local acquirers underwrite against the resident director and settle to an Australian account.
- Approved
The account opens. Nothing looks wrong yet.
- Trading
Volume builds and the balance sits with the provider between payouts.
- Review lands
Ownership, the signer and the registered address get re-checked, often after growth or a dispute spike.
The local presence on the file does not survive it - Funds held
Payouts stop and the account is closed. The balance sits through the hold while every checkout and payout integration pointing at it breaks the same day.
- Recovery
You are a closed account arguing with a risk team. Some get paid out at the end of the hold, some get a partial release, some never see it.
Opening the account was never the hard part. This is the part that costs money.
See what triggers itBoth options work here
Pick the one that matches what you already hold.
Owner plus company
We find a vetted person in the market you want to sell in, form the company in their name, and put you in as the operator who runs it: marketing, sales, ops and IT.
Local director or manager only
A vetted resident director, manager or signer appointed to the company you already have, so it can open the accounts that will not move without local representation.
What a placement includes
- ASIC registration and company constitution
- ABN, TFN and GST registration coordination
- Registered office and principal place of business
- Resident director appointment under written terms
- Banking and processing documentation support
- Annual review and filing coordination
An appointment does not conceal the ultimate beneficial owner. Appointed directors, managers and owners remain subject to their legal duties, and beneficial ownership or control is disclosed wherever it is required.
Banking and payment accounts are subject exclusively to the institution's underwriting and approval. Nominee Network does not guarantee approval and does not misrepresent ownership, management, control or business activity.
Tell us what you're building
Send the structure you have in mind. We review the business, the ownership and the intended activity before quoting anything.