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New Zealand Company Formation

New Zealand is a popular jurisdiction for non-residents looking to form a company due to its straightforward registration process, stable political environment, and reputable legal system. It offers a business-friendly environment and access to international markets, making it an attractive option for global entrepreneurs.

Time of New Zealand company formation takes 2 WEEKS.
Personal presence is not required
Popular offshore company type:
- Limited Liability Company (LLC)

New Zealand Company Formation. New Zealand LLC Main Characteristics and the basic rules of Company registration in New Zealand

Thinking of expanding your business globally? New Zealand offers a stable, transparent, and business-friendly environment, making it an attractive jurisdiction for entrepreneurs and investors worldwide. This guide provides a comprehensive overview of New Zealand company formation for non-residents, highlighting the benefits, advantages, requirements, procedures, and timelines involved.

A Comprehensive Guide for Non-Residents to Register a Company in New Zealand

Why Choose New Zealand for Your Company Formation?

New Zealand boasts a strong economy, a straightforward regulatory framework, and a reputation for integrity. These factors contribute to a thriving business ecosystem that attracts international investment. Here are some key advantages for non-residents considering New Zealand company formation:

Ease of Doing Business: New Zealand consistently ranks high in global ease of doing business indices, thanks to its streamlined processes and minimal bureaucracy.
Stable Political and Economic Environment: Enjoy a stable political landscape and a robust, well-regulated economy, providing a secure foundation for your business.
Tax Advantages: New Zealand offers a competitive corporate tax rate and a favorable tax regime for international businesses, including potential exemptions and deductions.
Reputation and Credibility: A New Zealand company registration lends credibility and prestige to your business, enhancing your brand image and attracting customers and partners.
Strategic Location: Positioned in the Asia-Pacific region, New Zealand provides a strategic gateway to key markets in Asia, Australia, and the Pacific Islands.
No Residency Requirement for Directors: You don’t need to be a resident of New Zealand to be a director of a New Zealand company.

Types of Companies Suitable for Non-Residents:

The most common type of company for non-residents is a Limited Liability Company (LLC), also known as a Private Limited Company. This structure offers several benefits:

Limited Liability: Protects your personal assets from business debts and liabilities.
Separate Legal Entity: The company is a separate legal entity from its owners, providing a clear distinction between personal and business affairs.
Flexibility: Offers flexibility in terms of management structure and operational activities.

Requirements for New Zealand Company Formation:

To register a company in New Zealand, you’ll need to meet certain requirements:

Company Name: Choose a unique and available company name.
Registered Office Address: Provide a physical address in New Zealand for official correspondence.
Shareholders: Identify the shareholders of the company (can be individuals or other companies).
Directors: Appoint at least one director (no residency requirement).
Share Capital: Determine the amount of share capital to be issued.
Constitution (Optional): While not mandatory, a constitution can outline the company’s internal rules and regulations.

Procedure for New Zealand Company Formation:

The company formation process in New Zealand is relatively straightforward:

1. Name Reservation: Reserve your desired company name with the Companies Office.
2. Application Submission: File an application for registration with the Companies Office, providing all required information and documentation.
3. Registration Fee Payment: Pay the applicable registration fee.
4. Certificate of Incorporation: Upon successful registration, you’ll receive a Certificate of Incorporation, confirming the company’s legal existence.
5. IRD Number Application: Apply for an IRD (Inland Revenue Department) number for tax purposes.
6. Bank Account Opening: Open a business bank account in New Zealand.

Timeframe for New Zealand Company Formation:

The New Zealand company formation process typically takes 1-3 business days from the date of application submission, provided all required information is accurate and complete.

How Our Professionals Can Help You:

Navigating the complexities of international company formation can be challenging. Our team of experienced professionals specializes in New Zealand company formation and can provide comprehensive support throughout the entire process.
We offer a range of services tailored to the specific needs of non-resident entrepreneurs, including:

Company Name Search and Reservation: We’ll conduct a thorough search to ensure your chosen name is available and compliant with regulations, and then reserve it on your behalf.
Registered Office Address: We can provide a registered office address in New Zealand, fulfilling the legal requirement for a physical address.
Preparation and Filing of Incorporation Documents: Our experts will prepare all necessary documents accurately and efficiently, ensuring a smooth and timely registration process.
IRD Number Application: We’ll assist you in obtaining an IRD number, enabling your company to comply with tax obligations.
Bank Account Opening Assistance: We can guide you through the process of opening a business bank account in New Zealand, providing support with documentation and communication with banks.
Ongoing Compliance Support: We offer ongoing compliance services to ensure your company remains in good standing with regulatory authorities, including annual returns, financial reporting, and tax compliance.
Legal and Tax Advice: Our network of legal and tax professionals can provide expert advice on all aspects of New Zealand company law and taxation, helping you make informed decisions.

Beyond Company Formation: Expanding Your Business in New Zealand

Once your company is established, we can also assist you with various aspects of expanding your business in New Zealand, such as:

Business Planning: Developing a comprehensive business plan tailored to the New Zealand market.
Market Research: Conducting market research to identify opportunities and understand customer needs.
Visa and Immigration Assistance: Providing guidance and support with visa and immigration requirements for you and your employees.
Recruitment and HR Services: Assisting you in finding and hiring qualified staff in New Zealand.
Networking and Business Development: Connecting you with potential partners, customers, and investors in the New Zealand business community.

Take the Next Step Towards Your New Zealand Venture

New Zealand company formation offers a compelling opportunity for non-residents seeking a stable, business-friendly environment. With our expertise and support, you can navigate the process with confidence and establish a successful presence in the New Zealand market.

Contact us today for a free consultation to discuss your specific needs and learn how we can help you achieve your business goals in New Zealand. Let us be your trusted partner in your New Zealand company formation journey. We are committed to providing you with the highest level of service and support, ensuring a seamless and successful experience. Don’t delay, unlock the potential of the New Zealand market today!

FAQ on Taxes in New Zealand

What is the corporation tax rate in New Zealand?
- The corporation tax rate in New Zealand is currently set at 28%. This rate applies to the net income of resident companies and foreign companies operating within New Zealand. It’s important for businesses to maintain accurate financial records to ensure compliance.
How is income tax structured in New Zealand?
- Income tax in New Zealand operates on a progressive tax rate system. The rates for individuals range from 10.5% for income up to NZD 14,000, increasing to 39% for income exceeding NZD 180,000. Companies are taxed at a flat rate of 28%. Taxpayers must lodge annual tax returns to report their income.
Is there a VAT (Goods and Services Tax) in New Zealand?
- Yes, New Zealand has a Goods and Services Tax (GST) set at 15%. This tax applies to most goods and services sold in New Zealand. Businesses with a turnover above NZD 60,000 are required to register for GST and charge it on taxable supplies.
What is the tax on dividends in New Zealand?
- Dividends paid by New Zealand companies to shareholders are not subject to additional withholding tax, provided the company has already paid its corporate tax. However, shareholders may become liable for tax on dividends received in their income tax returns, depending on their earnings.
What other taxes should I be aware of in New Zealand?
- Besides the aforementioned taxes, New Zealand also imposes several other taxes, including property tax (local council rates), PAYE (Pay As You Earn) tax on employee earnings, and fringe benefit tax (FBT) on certain employee benefits. Understanding these taxes can help individuals and businesses effectively manage their tax obligations.

This FAQ provides a concise overview of various tax aspects in New Zealand, helping you navigate the taxation landscape effectively. For more details, consult the New Zealand Inland Revenue Department or a tax professional.

FAQ: Company Registration in New Zealand for Non-residents

What is the process for forming a company in New Zealand as a non-resident?

The process to form a company in New Zealand as a non-resident involves several key steps. First, you need to choose a unique company name and register it with the New Zealand Companies Office. Next, you will need to establish a director and a shareholder for the company, which can be the same person. As a non-resident, you are required to appoint a local registered office address and provide at least one director who is either a New Zealand citizen or resident. After completing these steps, you’ll submit the necessary forms and pay the registration fee. Once approved, your company will be registered and can begin operations.

Do I need to visit New Zealand to set up a company?

No, it is not necessary for you to visit New Zealand to establish a company as a non-resident. The entire process can be conducted online, provided you have the necessary documentation and meet all legal requirements. You can engage the services of a local incorporation agency or legal firm to assist you through the application process remotely.

Are there any specific requirements for directors of foreign-owned companies?

Yes, specific requirements apply for directors of foreign-owned companies in New Zealand. At least one director must be a New Zealand citizen or a resident, meaning they must have a valid New Zealand passport or residency status. This requirement ensures that the company has a local representative who is familiar with New Zealand’s legal and business environment. Non-residents can still be shareholders and hold positions in the company, but they cannot be the sole directors.

What are the benefits of incorporating a company in New Zealand for non-residents?

Incorporating a company in New Zealand offers numerous benefits for non-residents, including a stable political environment and a straightforward regulatory framework. The country has a high ranking for ease of doing business, which simplifies the incorporation process. Additionally, New Zealand has a strong reputation for transparency and compliance, attracting foreign investment. Companies registered in New Zealand can also benefit from favorable tax rates, access to international markets, and the ability to operate in a business-friendly environment.

What are the ongoing compliance requirements for a New Zealand company?

Once your company is registered in New Zealand, there are ongoing compliance requirements you must adhere to. These include filing annual returns, maintaining a local registered office, and keeping proper financial records. If your company is generating income, you may also need to register for Goods and Services Tax (GST) and comply with local tax laws, including filing tax returns. Additionally, regular director meetings and proper documentation of minutes are recommended to ensure compliance with corporate governance standards.

How much does it cost to set up a company in New Zealand as a non-resident?

The cost of setting up a company in New Zealand as a non-resident typically ranges from NZD 1,000 to NZD 3,000. This includes government registration fees, the cost of professional services from local accountants or lawyers, and additional expenses such as obtaining a registered office address. Prices may vary depending on the level of service and support you choose, such as company secretarial services or ongoing compliance assistance, but the overall cost remains competitive compared to many other jurisdictions.

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This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

About New Zealand

Country: New Zealand

Capital: Wellington

Continent: Oceania

Language: English, Māori

Currency: New Zealand Dollar (NZD)

Time Zones: GMT +12

Dial Code: +64

Abbreviations: NZ

Helping Your Company Thrive in New Zealand With us, starting and running a business in New Zealand will be easy and efficient!

Full support of the company’s registration in New Zealand: from the preparation of documents to their submission.
Remote registration: all processes are online, wherever you are.
Secretary and Treasurer: we can take on these important roles.
Nominal directors and shareholders: we will ensure the confidentiality of your information.
Help in opening a bank account: we will simplify this complex process.
Registration for taxes, VAT and EORI: ensure all requirements are met.
Website development: we will create a professional online representation for your business.
Logo creation: we will design a unique and memorable logo for your brand.
Full administrative support of the company: we will take over routine tasks.

Mailing address organization: we provide a reliable mailing address for your business.
Organization of the virtual office: we will ensure the professional image of your company.
Telephone answering service: we will answer calls on behalf of your company.
Accounting, audit and reporting: ensure accurate and timely accounting.
Preparing and filing a VAT declaration: let’s save you the trouble.
Interaction with local authorities: take over communication with state institutions.
Trademark registration: protect your brand.
More Emphasis on Customer Input.

Our team of consultants are here to take you through the process.

We provide a wide range of offshore companies formation, administration and fiduciary services for internal and external clients worldwide. We help to maintain an offshore company in accordance with the regulations, laws and tax authorities of the foreign state in which it is registered for non-resident clients.

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