Offshore company formation in New Zealand

INTRODUCTION IN OFFSHORE COMPANY FORMATION IN NEW ZEALAND

New Zealand is considered a superior offshore jurisdiction because it provides many advantages of a traditional “offshore” financial center, yet it is recognized as a true “onshore” financial center. It is not blacklisted as an offshore by any authority in the world, nor is it associated as a tax haven. New Zealand is not a member of the European Union (EU), therefore, it is not influenced by the EU Tax Savings Directive. New Zealand has much to offer in terms of use in international trade:

Agency company. The New Zealand Agency company provides an ideal face to represent principals. This offshore company can act for one or more principal businesses based in a tax free jurisdiction (e.g. Seychelles, Belize). Typically, an agency agreement would provide for commissions between 5-10% of total profit or turnover generated and would pay tax in New Zealand on net profit (33% corporate tax). The remaining 90 – 95% profit is then transferred to the principal, free of any further tax.

Limited Partnerships. The recently enacted Limited Partnerships Act 2008 enabled registration of Limited Partnerships in New Zealand. This new company structure provides tax free results in New Zealand, provided it earns no New Zealand sourced income. There is no requirement for New Zealand resident partners, and it is suggested that the General Partner be a non-New Zealand resident.

In addition, existing companies currently registered in offshore jurisdictions can be redomiciled into New Zealand under provisions in the Companies Act, provided the company legislation of the country from where the company is exiting enables this. No new legal entity is created.

Please contact us for further information on Limited Partnerships and redomiciliation to NZ.

ESSENTIALS FOR OFFSHORE COMPANY FORMATION IN NEW ZEALAND

• No minimum share capital requirement for company
• Minimum number of directors in New Zealand company is one (only private person allowed, but can be non-resident)
• Company director / shareholder information is a matter of public record. (Nominees are customary)
• Company shareholder can be a private or corporate entity but to avoid audit requirements, a NZ resident is advised
• The registered name of a company must end with the word ``Limited'' if the liability of the shareholders of the company is limited.

NEW ZEALAND OFFSHORE COMPANY FORMATION FEES

Please contact us for recent New Zealand offshore company formation prices.

TIME FRAMES FOR OFFSHORE COMPANY REGISTRATION IN NEW ZEALAND

• 3 – 5 days for offshore company incorporation in New Zealand (allow 5 days for courier)
• Ready-made offshore shelf companies in New Zealand available on the shelf

FINANCIAL STATEMENTS OF COMPANY REGISTERED IN NEW ZEALAND

We can prepare New Zealand company year end financial statements for clients based upon approximate number of monthly invoices and projected annual turnover of company. Fees for larger companies may vary. Please contact us about fees for preparing the financial statements for New Zealand registered offshore companies.

BANKING FACILITIES AVAILABLE FOR COMPANY IN NEW ZEALAND

For the New Zealand offshore company, we can recommend opening an account with various banks located in Latvia, Estonia, Denmark or Cyprus. Please contact us for further details on banking facilities available for company registered in New Zealand.

VIRTUAL OFFICE SERVICES FOR OFFSHORE COMPANIES REGISTERED IN NEW ZEALAND

Please contact us for availability of virtual office services to offshore companies registered in New Zealand.

HOW TO SET UP A COMPANY IN NEW ZEALAND?

To open a New Zealand offshore company, we will require the following:

• 100% of the New Zealand offshore company formation cost
• A completed company registration application form
• A passport copy of the New Zealand company’s beneficial owner and company attorney
• Proof of residential address (address stamp in domestic passport or copy of a utility bill less than three months old)

Please send your documentation for offshore company set up in New Zealand to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia

Fax: +371 67333957
Email: info@globalcompanyregistration.com
Skype: Contact_IBC

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