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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 |
- Year end account should be prepared
- In some cases an auditor's conclusion will be required if a company’s shareholders are not New Zealand residents
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| Corporative legislation |
- Ltd companies incorporated according to Companies Act 1993
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| Form of 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 - 28 %
- 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 %
- With lowered rates for countries with which New Zealand has a Double Taxation Agreement
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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 |
- At least one. Can be a legal entity or natural person, from any country
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| Directors |
- At least one. One 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, Details of Directors, Details of Shareholders, Registered Office, issued share capital, Company Constitution
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| The financial year |
- Standard financial year: 1st April – 31st March
- For a new company, it starts on the date of incorporation, regardless of when the company actually starts doing business
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| Reports |
- Every trading company must submit financial statements to the Inland Revenue Department
- Non-Trading Companies are not required to prepare and provide financial statements to the Inland Revenue Department
- 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 |
- Audit of account required:
- a majority of shareholders are not residents of NZ
- more than 25% of its shares are holing by not resident of NZ
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Agreements on the avoidance
of double taxation |
- Australia, Austria, Belgium, Canada, Chile, China, Czech Republic, Denmark, Fiji, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Italy, Japan, Korea, Malaysia, Mexico, Netherlands, Norway, Philippines, Poland, Russian Federation, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Arab Emirates, the United Kingdom, the United States of America
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| Costs of registration of company |
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