New Zealand Company Formation |
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In Healy Consultants' professional opinion, New Zealand company formation is an appealing, tax-efficient way to conduct international trading. The following information will help you determine whether New Zealand company formation is the optimum corporate structure to fulfill your corporate objectives:
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Advantages of New Zealand Company Formation |
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New Zealand company formation is an excellent corporate vehicle to promote to customers, suppliers and investors due to the positive image portrayed by the New Zealand company formation. |
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A minimum of one director and one shareholder is required for New Zealand company incorporation. Corporate shareholders are permitted, though corporate directors are not. 100% foreign ownership is permitted. |
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Company formation in New Zealand does not require a New Zealand resident director. |
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Company formation in the form of a New Zealand Offshore Financial Company, or OFC, is a way for entrepreneurs to operate a company in various financial services areas. |
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New Zealand company formation can be completed within one week. |
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New Zealand business set up is simple. According to the World Bank's Doing Business 2011 Survey, New Zealand is ranked third in the world in terms in ease of doing business (see Healy Consultants' New Zealand company set up page). The survey measures factors including the procedures for starting a business in New Zealand, time, cost and minimum capital required to start a business. Furthermore, New Zealand is ranked as the world's least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. New Zealand is also ranked 25th by the World Economic Forum in its Global Competitiveness Report 2011-2012. |
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The Forbes magazine Best Countries For Business 2011 survey ranks New Zealand as the world's 2nd best jurisdiction for business. The report takes into account a number of factors factors including investor protection, lack of corruption and red tape, and personal freedom, all for which New Zealand ranks number 1. |
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In its 2011 World Competitiveness Yearbook, the Switzerland-based IMD positively ranks New Zealand as the world’s 21st most competitive economy. The ranking takes into account factors including economic performance, government efficiency, business efficiency and infrastructure. |
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| 9. | If properly structured, a New Zealand non-resident company is legally tax-exempt (see Healy Consultants' Tax Planning in New Zealand page). Furthermore, there are no minimum paid up capital requirements with New Zealand company formation. In addition, New Zealand is positively ranked as the world's 4th-freest economy, and scores at 80% in terms of investment freedom and capital flows according to the 2011 Index of Economic Freedom by The Heritage Organisation, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets. |
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| 11. | Healy Consultants will open a corporate bank account to support New Zealand company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. For more information, refer also to Healy Consultants' New Zealand corporate bank account page. |
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Disadvantages of New Zealand Company Formation |
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A resident New Zealand company is subject to a corporation tax of 33% on income sourced in New Zealand and globally. whether income is sourced in New Zealand or internationally (see the Inland Revenue Service website). |
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Following New Zealand company set up, annual audited financial statements and a tax return must be submitted to the New Zealand authorities. Healy Consultants assists clients efficiently and effectively to complete this annual statutory obligation. |
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It is difficult to open a corporate bank account in New Zealand without the client having to travel to New Zealand. |
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After New Zealand company incorporation, the register of directors and shareholders is available for public viewing. |
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| Contact Us | |||||||||||||||||||
For more information on New Zealand company formation, contact email@healyconsultants.com or call us at (+65) 6735 0120 |
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Back to Asia Pacific Company Incorporation page or back to Home page. |
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Buy Healy Consultants' Asia Business Set Up book. To order, call (+65) 6735 0120 or contact email@healyconsultants.com
NEW ZEALAND NEWS |
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