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| Advantages |
- It is not perceived as the country with low taxes
- Political and regional stability
- High standard legal and banking operations
- No currency control
- No Capital Gains Tax
- Accountancy statements - should be prepared only year end account, no monthly accountancy statements
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| Disadvantages |
- To avoid New Zealand corporate tax the company must carry out its activities as trustee of a trust with no New Zealand settler, beneficiaries or New Zealand source income and not in its own right
- Year end account should be prepared
- Auditor's conclusion required if a company shareholders are not New Zealand residents
- High surtax - 33 %
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| Corporative legislation |
- Ltd companies incorporated according to Companies Act 1993
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| Form of company |
- Private limited company (hereinafter - company)
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| Taxation |
- Corporate Tax. Corporate tax is paid by limited companies on their profits.Corporate tax rate for non-resident shareholders - 33 %
- Withholding tax Non-resident withholding tax (NRWT) is deducted from New Zealand income received by non-residents. The types of income and the rated of NRTW are:
- dividends 30 %
- interest 15 %
- royalties 15 %
- NRWT can be reduced to nil in certain circumstances, e.g., if there is no permanent establishment in New Zealand
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| Name of company |
- Must end in Limited or Ltd
- Restriction on sensitive names indicating a connection with e.g. certain professions, royalty government etc.
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| Equity capital of the company |
- No requirements in respect of the minimum
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| Shares |
- Only registered shares with par value
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| Shareholders |
- One legal entity or natural person, recommended NZ resident
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| Directors |
- One legal entity or natural person, any nationality
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On the territory of New Zealand
there has to be:
- registered office
- registered agent
- secretary |
- Required
- Not Required
- Not Required
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| Publicly accessible information |
- Accounts, Certificate of Incorporation, directors, shareholders, registered office, issued share capital, articles of organization
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| The financial year |
- This is the period covered by the accounts
- For a new company, it starts on the date of incorporation, regardless of when the company actually starts doing business
- For a company which has previously delivered accounts, it starts from the day after the period covered by the earlier accounts
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| Reports |
- Every limited company must submit accounts even if it has not traded
- Contents of the accounts. The accounts and reports must include:
- a directors' report
- a profit and loss account
- a balance sheet
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| Audit |
- If 20% of its shares or a majority of Directors are residents outside New Zealand, a company account must be audited
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Agreements on the avoidance
of double taxation |
- Australia, Belgium, Canada, China, Denmark, Fiji, Finland, France, Germany, India, Indonesia, Ireland, Italy, Japan, Korea, Malaysia, Netherlands, Norway, Philippines, Singapore, Sweden, Switzerland, Taiwan, Thailand, the United Kingdom, the United States of America
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| Costs of registration of company |
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