Company formation in New Zealand |
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Company formation in New Zealand is tax-efficient and straightforward. That said, we advise all entrepreneurs considering incorporating in New Zealand to take into account the legal, accounting and tax regulations, prior to embarking on company formation in New Zealand. In particular, Healy Consultants staff can advise on all aspects of tax planning in New Zealand. Some of the most important legal, accounting and tax regulations include: |
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| 1. | After incorporating in New Zealand, the company may be liable to pay tax in the country in which it makes strategic decisions. A further tax advantage with incorporating a New Zealand entity is the double taxation treaties New Zealand has signed with many countries, including Australia, China, Japan, Singapore, UK and the USA. |
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| 2. | Branch profits may be remitted to the head office free of withholding tax, following company formation in New Zealand. Tax planning in New Zealand should also take into account that corporate dividends are also exempt from withholding tax.
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| 3. | Following company formation in New Zealand, a company is able to set losses against future profits.
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| 4. | An New Zealand limited liability company (LLC) is required to pay a corporate tax of 30%. The highest personal income tax bracket is 33% (45% if non-notification applies). |
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| 5. | Tax planning can be challenging following company formation in New Zealand. New Zealand has complex tax rules, however, it also has relatively low corporate tax rates. |
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| 6. | Healy Consultants can open corporate bank accounts in the jurisdiction of choice to support company formation in New Zealand. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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| 7. | The New Zealand Company Act 1993 requires that every New Zealand has at least one director and one shareholder. Corporate shareholders are permitted, though corporate directors are not. The director does not have to be resident in New Zealand. |
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| 8. | By completing company formation in New Zealand, there are number of double taxation treaty opportunities with 35 countries to benefit. These nations includes Australia, Canada, China, France, Germany, India, Indonesia, Ireland, Italy, Japan, the Netherlands, Norway, Russia, Singapore, South Africa, Sweden, Switzerland, Taiwan, the UAE and the US. |
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| 9. | Following company formation in New Zealand, every company is required to have a registered office address. |
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| 10. | After incorporating a New Zealand entity the company must submit annual accounts to the Inland Revenue Department. |
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| 11. | Some international entrepreneurs use company formation in New Zealand for holding and investment purposes. |
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| 12. | New Zealand is a reputable jurisdiction, therefore company formation in New Zealand
is an excellent corporate vehicle to promote to customers, suppliers and investors.
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Contact Us |
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For more information on company formation in New Zealand, email email@healyconsultants.com or call (+65) 6735 0120. |
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Back to New Zealand Company Formation page. |
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