New Zealand lies in the South Pacific Ocean and consists of two large islands and a number of smaller islands. Granted autonomy in 1947, New Zealand has a progressive economy that is based largely upon banking and finance. It has undergone substantial structural reform since 1984 and as a result has experienced economic liberalisation. There have been several reforms, such as the removal of interest and exchange controls allowing the free flow of capital in and out of the country. The government has implemented various changes to encourage greater investment in New Zealand. With the overall tax incentives highlighting the positive attitude of the government to place New Zealand amongst the best international financial centres.
There is great flexibility in the incorporation and management of a New Zealand Company. It has no capital requirements and has a simple and fast incorporation procedure. With no annual government fees a New Zealand Company can be very cost effective. If 25% or more of the shareholding is overseas there is an obligation to file annual financial accounts.
Minimum of 1 directors required, of which 0 must be residents.
Corporate directors are not permitted.
Director's meetings are not required
There is a public director's register
Other notes: none
Minimum of 0 secretaries required, who need not be residents.
Corporate secretaries are not permitted.
There is not any requirement for secretaries to hold a professional qualification
Other notes: none
Minimum of 1 shareholders required
Corporate shareholders are permitted.
There is a public shares register
Bearer shares are not permitted.
No par value shares are not permitted.
Usually the Authorised share capital is 100 shares of NZD1 each.
Where some or all of the shareholders are nominees, the ultimate beneficial ownership of the shares does not have to be declared to the authorities.
A registered agent is required.
An annual return is required.
Incorporation Fee: Please see Our Fees Schedule Heading
(The package fee includes government fees, local secretary fees, local agency fees, registered office fees and our service fees, and have the following after incorporation: a) certificate of incorporation b) Original formation documents and minutes c) Five copies of M & A
Opening Offshore Bank Account: Refer to Fee Schedule
Incorporation Time: 1-2 Weeks