Register your New Zealand company in the same day!
- Deliver your New Zealand Company within 7 days
- Open a same day bank account with e-banking and credit card
- Secure you tax optimisation
- Offer value for money services with no hidden costs
- Prompt, professional and individual service at all times
- Full confidentiality
Parameters to Consider
- Employing Relatives. There is no requirement that you need to get an approval from the Inland Revenue Department to pay wages to relatives for any work they may undertake for your company.
- Limited Liability of shareholders. However, note that liability can be increased if, for example, shareholders and directors provide guarantees to Financial Institutions to cover the company’s borrowings.
- Separate Legal Entity. As a consequence of this a shareholder may be employed by the company and may also loan money to the company on the same basis as any unrelated party.
- Security for Shareholders Loan. It is possible for a shareholder to have their lending to the company secured by way of a debenture.
- Easier to sell part of company. Just sell some of the shares.
- LAQC. Loss Attributing Qualifying Company status allows distribution of the Company’s Loss Amongst Shareholders.
New Zealand is well known to most readers and requires little introduction. It is a safe, stable and secure country which offers considerable benefits to those involved in international tax planning. If properly structured, a New Zealand resident company can operate as a tax free offshore company.
In addition, it has a highly reputable business community, enjoying the presence of some of the world’s leading banks together with reputable legal and accounting firms. New Zealand prides itself with being at the forefront of industry when it comes to the provision of facilities for e-commerce possessing well developed Internet data centres and internet service providers, together with the necessary supporting telecommunications systems.
Small businesses generally use one of three business structures in New Zealand: sole trader, partnership or a company. A company is essentially a mechanism to create a separate legal entity to carry on business.
Limited liability company (LLC) offers protection to shareholders.
Shareholders of a limited liability company are not liable for the business debts of the company (subject to any personal guarantees given) – they are only liable for any unpaid money owing on their shares.
New Zealand is considered one of the safest places when investing abroad. It is known for its stable political and economic systems. Although it offers offshore services and advantages, New Zealand as a jurisdiction has not been targeted or black listed as a harmful tax haven. The laws which govern offshore entities in New Zealand are very modern and are up to par with its more developed offshore counterparts. The assets placed in New Zealand offshore entities are well protected by New Zealand laws. The tax haven of New Zealand is very helpful for persons who are considering reducing their tax liabilities.
As a tax haven New Zealand has a business structure in place which allows clients to save on corporate and income taxes which are levied on corporations whilst making the country very attractive to business investors. The New Zealand limited partnership company can be structured to operate as an offshore business entity. An offshore corporation incorporated in New Zealand pays no local taxes if all its earnings are accumulated outside of the country. New Zealand companies do not need to have partners who are citizens of the country.
Non-residents of New Zealand may find their taxation system very appealing. Non-residents to the country pay no taxes on foreign sourced income. These persons will only pay taxes on income earned in New Zealand. Privacy is one of the basic characteristics of every tax haven. The Limited Partnership act of New Zealand does not obligate limited partnership companies to file annual audits with the tax authority in the tax haven. The laws obligate the limited partnership to prepare its audits are not open to the public.
The first step to incorporating a company is to reserve a company name. We are able to provide you with a list of available and approved names should you not have a name of your own choice.
New Zealand resident companies are usually taxable. A New Zealand Special Purpose Company, however, which is structured as the Trustee of a non-resident (Offshore) New Zealand Trust is not taxable. The Trust and its beneficiaries are also non-taxable, except on income with a New Zealand source.
Should the New Zealand company and Trust have no connection to New Zealand, the complete structure is non-taxable in New Zealand. The company owner and Trust beneficiary may be the same person.
Once incorporated, the company is generally free to do business, open bank accounts, or invest anywhere in the world. In effect, it can operate as a tax free offshore company but without the “tax haven” implications of the traditional offshore centres.
In addition, it benefits from the asset protection features of the Trust, as funds may be moved into and out of the trust as required.
The structure is quick and simple to establish and our team of experts will assist you throughout the process. The only connection with New Zealand is that it will be a New Zealand resident company with a New Zealand registered office.
A company is not required to file an annual return in the calendar year of its incorporation however, all companies are required to file an annual return in a designated month and pay the prescribed annual return fee. An annual return is sent by the Registrar to a company’s address for communication notified to the Registrar or to its registered office in the month before the return is due to be filed.
The minimum number of directors is one. Corporate directors are not allowed. They can be personal, local or overseas and of any nationality.
Company Secretary can be personal, local or overseas and of any nationality.
The minimum number of shareholders is one and can be of any nationality.
Note: Shelf Companies are always available for immediate use.
There are many advantages by starting business as a company including, limited liability, tax efficiency, trading confidence and is an excellent investment tool plus the ability to provide an offshore type trust structure onshore. Below are but a few of the so many benefits.
Our Firm’s corporate experts will guide you every step of the way during this process.
- An English speaking country
- Political and economic stabilityI
- t is an independent British Commonwealth country
- The legal system is based on English common law
- Its Trust Law is similar to that of other common law jurisdictions
- Maintains high standards in the Banking and Legal professions
- Well developed communication, commercial and business infrastructure
- New Zealand is a full member of the Organisation for Economic Co-operation and Development (O.E.C.D)
- New Zealand is not perceived as a harmful tax jurisdiction by the O.E.C.D whilst providing many of the advantages of an offshore tax jurisdiction
- New Zealand is a signatory to the 1922 Hague Convention and can thus provide documents under apostil seal
- New Zealand represents a fresh approach to offshore asset protection
- Certificate of incorporation
- IRD number
- GST registration
- Corporate Registrar
- All statutory documentation
- Constitution Documents
- Executive company folder