The land of the Kiwis, New Zealand is a true treat for tourists with serene beaches to rocky mountainous landscapes, exciting night life to rustic country sides and gushing geysers and volcanoes to snow clad mountains. It is surrounded by the Pacific Ocean and consists essentially of two large islands, namely the North Island and South Island, which are separated by the Cook Strait. There also are numerous smaller ones, of which the largest is Stewart Island and is often referred to as the ‘third island’. Especially keeping tourism in mind, for ease of locating places the country has been divided into 24 regions. New Zealand is a democracy headed by the Governor General, with a multi party system; there also exists a constitutional monarchy
Offshore Finance Company (NZOFC) :
An Offshore Finance Company (OFC) in New Zealand can offer banking services to both private individuals and corporations worldwide, with no limitations on number of customers, amounts on deposit or number of currencies.
Why set up an offshore division in New Zealand:
While the New Zealand authorities don’t have very liberal laws for immigration and offshore company formation, foreign investment is looked at as a means to improve their populace rather than strictly a means to earn better revenues. Investment holding companies and in particular, Trusts are a frequent choice for those looking at offshore investment in New Zealand. The Trust Law has been derived from its own statutes as well as from English common law and equity and the governing statute is the Trustee Act (1956) as per which offshore investing is a viable option.
Advantages an Offshore Trust in New Zealand:
A summary of the benefits of establishing an offshore company (Trust) in New Zealand is as follows:
Regulatory:
- Easy, quick and simple offshore company formation procedures - a new OFC can be incorporated within 4 to 6 weeks
- Trusts can be held in the form of assets like bank accounts, stocks and shares, insurance policies or real estate properties
- One-Stop Regulatory Body
- Attractive Tax Regime
- Low tax on profits declared (33%)
- Low levy on interest paid to customers (2%)
- Trust beneficiaries who are non residents required to pay tax only on income from New Zealand.
- Reduce or eliminate inheritance tax with trusts
- No Tax payable in the following cases:
- Trust beneficiaries who are non residents (for income outside New Zealand)
- Increase in the value of trust assets since capital gains is not taxable in New Zealand.
Confidentiality:
- Appropriate Degree of Confidentiality
- New Zealand incorporated private trust companies can be chosen as trustees of New Zealand foreign trusts for enhanced privacy
- No Disclosure of Beneficial Owner (except for Australian nationals)
Infrastructure:
- Competitive Investment and Operating Cost
- Modern Infrastructure facilities (including medical, transport and telecommunications)
- Professional support available for offshore development
- Political stability and commitment from the Government
How Esmology will help you with setting up an offshore company at New Zealand:
Esmology group and it’s wealth of experience can combine a Trust type of company with a “normal” Trading company to allow you extend the range of business and still benefit from the Tax exemption allowed for Foreign Trusts. Our range of services includes consultation on all aspects of company formation which includes help with the financial aspects as well as setting up e-commerce functionality. Our long standing local partners at New Zealand ensure smooth transition through the various phases of company formation. Do fill up the order form so that we can be of help to you!
Price :
Company formation + Bank account opening in New Zealand from € 4999.
Annual fees :
Registered address renewal (649.00) + Annual return (150.00) + Financial security (500.00)
= € 1299.00 /year
PROCEED TO : Contact Us | Order your New Zealand company now !
