News: Registration of Company in New Zealand

New Zealand (or officially the Realm of New Zealand with its capital in Wellington) is located in the Polynesian triangle in the Pacific Ocean. Only its west coast is washed by waters of the Tasman Sea. It is truly the country of contrasts: volcanoes and glaciers, subtropical forests and snow-capped mountains coexist there in a remarkable manner.

The two main islands of New Zealand (North and South) are separated by the Cook Strait. One more Stewart Island is located a bit further to the south. Among the other islands belonging to New Zealand there can be mentioned such as Tokelau, Chatham, Kermadek. About 800 minor islands also belong to the Realm, but most of them are uninhabited. The total area of New Zealand is more than 260 000 km2.

According to its form of government New Zealand is a constitutional monarchy. The Queen of Great Britain is the official head of the state.

The relief of islands is different. For example, the high mountains of the Southern Alps on the South Island are changed to flat landscapes of the North Island.

Climate of the main part of the territory of New Zealand is predominantly subtropical and maritime. Climate of the rest territories is moderate. Flora and fauna are diversified and represented by lots of unique species.

Nowadays, New Zealand is very popular as an offshore area which is not included in the corresponding "black lists". Therefore, considerably large number of businessmen from all over the world are willing to register offshore company in New Zealand.

Registration of business in New Zealand.

Main advantages:

• Regional and political stability.
• Well-developed banking sphere and sphere of legal services.
• Lack of exchange control.
• Absence of the negative image of the country.
• Monthly accounting reports are not required.

Forms of doing business in New Zealand

• Sole proprietor;

• Partnership;

• Company with limited liability;

• Public Joint Stock Company;

• Branch of the foreign company;

• Subsidiary of the foreign company;

• Joint Venture;

• Trust.

The legislative framework.

Registration of offshore companies and business in New Zealand is carried out based on the provisions of the Law "On Companies" of 1993.

Registration of offshore company in New Zealand. Features.

• The founders can be citizens of any country in the world.

• Minimum one shareholder and one director should be included in the company as participants.

• One and the same person can be owner and beneficial owner of the company.

• There are no restrictions with respect to the citizenship of participants.

• Name of the company should contain the word Limited (Ltd.).

• The name should not contain any reference to the royal family or any hint at relations with public authorities. Use of the name associated with certain kinds of professions is forbidden.

• The registered office of the company should be in the territory of New Zealand.

• Minimum charter capital is not determined.

• Meetings shall be held annually.

• Information concerning shareholders, directors, company reports are publicly available.

• Registration of offshore company in New Zealand is possible within three weeks.

Taxes in New Zealand

• Companies which are not engaged in entrepreneurial activity in New Zealand are exempted from paying taxes;

• Other enterprises pay up to 28% of the tax;

• Tax on income of organizations is in average 33% (or 19.5% and 39%);

• Tax on goods - 12.5%.

Bookkeeping in New Zealand

• The company in New Zealand shall submit annual report;

• The company,in which the number of non-resident founders is more than 51%, shall submit annual audit reports;

• The company's income is disclosed in balance sheet and annual report.

It is now simple and easy to register offshore company in New Zealand. Registration of business in various countries of the world is one of the main directions of our work. You can start successful entrepreneurial activities by registering an offshore company in New Zealand.