New Zealand Companies
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New Zealand ranks highly for ease of doing business and has low corruption. It has double taxation agreements with many countries. To register a New Zealand Limited Liability Company requires at least one director and shareholder, with minimum one share of NZ$1.00. Corporate taxes are a flat 28% rate, with no capital gains, inheritance, or gift taxes. New Zealand also has free trade agreements with Australia, China, and other nations.
New Zealand Companies
- 1. INFORMATION ON NEW ZEALAND COMPANIES In 2011 and 2010 research, conducted by the World Bank, confirmed that New Zealand held the third best rank in the world for the ease of doing business in the country. The same research indicated that New Zealand held the top position for the ease of starting a business and protecting investors. According to Transparency International, NZ is among the countries with lowest corruption levels in the world. New Zealand is also ranked first in the Global Peace Index, third on the Human Development Index, fourth on the Economic Freedom Index, and one of the 7 most stable states in the world according to the international Failed States Index.
- 2. New Zealand Limited Liability Company registration requirements: Min number of directors: One Double Taxation Agreements Min number of shareholders: One Australia Austria Min number of shares: One Belgium Canada Min value of share: NZ$ 1.00 Chile People's Republic of China Corporate directorship: Not allowed Czech Republic Denmark NZ residential Director: Not required Finland Fiji NZ residential shareholder: Not Required France Germany Corporate shareholding: Allowed Indonesia India Secretary Service: Not required Ireland Italy Registered Office: Required in NZ; PO Boxes and collect Japan mail addresses are not allowed. Korea Malaysia Address for Service: Required in NZ; PO Boxes and collect Mexico mail addresses are no allowed. Netherlands Address for Communication: Anywhere in the world Norway Philippines Statutory document keeping requirements: 7 years for most important corporate Poland documents, in the Registered Office. Russian Federation Singapore, Audit requirement: Required for companies if 25% (or South Africa more) of the share holding is by Spain overseas corporate entities. Sweden Identity Verification process: Notarised copy of passports for all Switzerland directors and shareholders, and Taiwan originals of signed Consents Forms. Thailand United Arab Emirates Time of company registration: From 2 hours to 3 working days. United Kingdom United States of America Registration process: Easy
- 3. New Zealand Limited Liability Company registration requirements: NZ is entered into Free Trade Agreements with: Australia: Closer Economic Relations Agreement China: New Zealand China Free Trade Agreement (the very first and currently the only Western county entered in Free Trade Agreement with China) Hong Kong: Taxation Hong Kong-New Zealand Closer Economic Partnership Current tax rates are: Singapore: Trans-Pacific Strategic Economic Corporate 28% Partnership auxiliary to New Zealand and Singapore Closer Economic Capital gains 0% Partnership Inheritance 0% Thailand: New Zealand and Thailand Closer Economic Partnership Gift duty 0% Malaysia: New Zealand Foreign Trust (NZFT) 0% New Zealand - Malaysia Free Trade Only income derived in New Zealand is assessable for taxation, and genuine Agreement offshore transactions are not subject for NZ taxation. Effective NZ income rate Brunei: for non-NZ sourced income for NZFT -0% Trans-Pacific Strategic Economic Partnership New Zealand Limited Partnership (LP) 0% Only income derived in New Zealand is assessable for taxation for non-New Chile: Trans-Pacific Strategic Economic Zealand Limited Partners, and all genuine offshore transactions are not subject Partnership to NZ taxation. Effective NZ rate for non-NZ sourced income for Limited Partner in the LP 0% Association of Southeast Asian Nations (Brunei, Burma (Myanmar), Cambodia, Laos, Vietnam) NZ Trustee Company for NZFT 0% Only income derived in New Zealand is assessable for taxation and genuine offshore transactions are not subject for NZ taxation for Trustee Company Goods and Service Tax (GST) operating on behalf of NZFT. Effective NZ rate for non-NZ sourced income on Trustee Company for NZFT 0% Local Goods and Services 15% Inland Revenue Registration Export Goods 0% All companies must be registered with the New Zealand Inland Revenue Department (IRD) and have their own IRD number. Tax returns are required Goods not in New 0% annually, if company has committed business in NZ or overseas. Companies Zealand at time of supply which have not carried out business or any taxable activity by the end of the fiscal year, may request Non-Active Status. Services performed 0% outside of New Zealand Companies must be registered for Goods and Service Tax (GST) if their turnover was over $60,000 in the last 12 months, or is expected to exceed $60,000 for Imported Services 0% the next 12 months.
- 4. Legal Disclaimer Neither this brochure nor our website provides neither tax, nor legal or accounting advice. Please do not confuse the information given in our brochures, websites and communications with a professional consultation. Further, this brochure should not be construed as a solicitation or offering of company formation or any other service of Abaconda Management Group Ltd. 息 All rights reserved. Abaconda Management Group Ltd. ABACONDA MANAGEMENT GROUP Office 3, 556 Cameron Rd, Tauranga South Tauranga 3112 New Zealand +64 9 88 9 22 77 info@abaconda.info http://abaconda.info