For business owners and professionals seeking clear information about starting a company in Norfolk Island (country code NF), this analysis covers the typical costs associated with registering and maintaining a standard company under local regulations in 2025. Below you’ll find a breakdown of the average creation expenses and ongoing compliance fees required by Norfolk Island and Australian authorities, extracted exclusively from official data sources.
Company Setup Costs in Norfolk Island (2025)
Norfolk Island benefits from Australia’s streamlined regulatory environment, allowing for straightforward company registration. The figures below focus on the registration and first-year establishment costs for a Proprietary Company (Pty Ltd), which is the standard entity type for most commercial operations.
| Item | Amount (AUD) | Amount (USD) (1 AUD ≈ 0.70 USD) |
|---|---|---|
| ASIC company registration fee | $538 | $377 |
| Minimum capital requirement | $1 | $0.70 |
| Average lawyer/accountant setup fee | $0 | $0 |
| Total Typical Company Creation Cost | $539 | $377.70 |
The average setup cost is notably low, reflecting the simplicity of incorporating in this jurisdiction. Plans requiring legal or bespoke tax structuring may incur additional, optional expenses not captured in the above figures.
Ongoing Company Maintenance Costs
After registering, companies must meet annual reporting and compliance obligations. The fees below reflect common annual costs for a Pty Ltd, including the Australian Securities and Investments Commission (ASIC) review fee and average accounting charges needed for statutory filings and tax compliance.
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| Item | Annual Amount (AUD) | Annual Amount (USD) |
|---|---|---|
| ASIC annual review fee | $310 | $217 |
| Registered office address (if using a service provider) | $0 | $0 |
| Basic accounting and tax filing (average) | $1,190 | $833 |
| Total Typical Annual Maintenance | $1,500 | $1,050 |
Depending on the complexity of your company’s operations, accounting and professional service costs can vary, so the above figures represent common mid-range estimates for straightforward compliance in 2025.
Summary Table: Company Creation & Maintenance Costs in 2025
| Stage | Cost Range (AUD) | Cost Range (USD) |
|---|---|---|
| Initial registration | $539 | $377.70 |
| Annual maintenance | $310 – $1,500 | $217 – $1,050 |
All costs are in Australian Dollars (AUD). For convenience, amounts are shown alongside their approximate values in United States Dollars (USD), using a conversion rate of 1 AUD = 0.70 USD.
Sourcing and Further Reference
Pro Tips: Keeping Company Costs Predictable in Norfolk Island
- Register your company directly with ASIC online to avoid unnecessary agent fees—the registration process is both transparent and cost-effective.
- Budget for basic accounting costs from the outset, as professional end-of-year accounting and tax filing services represent the largest ongoing expense.
- Take advantage of the straightforward regulatory regime; the absence of additional local government surcharges means your only significant recurring costs are annual ASIC and basic accounting fees.
- If your company will operate purely as a holding or dormant entity, clarify with your accountant whether you can minimise ongoing filing and audit costs.
In summary, establishing and maintaining a proprietary company in Norfolk Island remains cost-effective in 2025, with low setup fees and manageable annual obligations. Knowing these predictable expenses provides clarity for businesses weighing the advantages of operating from this unique jurisdiction. The primary costs to plan for are the ASIC fees and standard accounting charges, which remain static for most entities. Keep in mind the transparency of these requirements, and be sure to consult only official sources for regulatory updates.