New Zealand company registration

New Zealand company registration

Since 2003, Healy Consultants has assisted our Clients with registering their new business in New Zealand. Our services include i) New Zealand company registration ii) government license registration iii) business bank account opening iv) employee recruitment v) visa strategies and vi) office rental solutions.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and Disadvantages

    Advantages of New Zealand company registration

      Advantages of business registration in New Zealand
    1. A New Zealand limited liability company can be created within 1 week, with only 1 director and 1 shareholder, who both can be of any nationality. Paid up share capital is just US$1 and our Client does not need to travel to complete corporate bank account opening and company registration in New Zealand. Consequently for the past 6 years, the World Bank has ranked New Zealand as the easiest place on the planet to start a business;
    2. The New Zealand Government offers generous business set up incentives to multinationals including:
      • The New Zealand Trade and Enterprise Agency generously offers i) tax credits for Research and Development (R&D) expenses by start-ups, of up to US$430,000 per year and and ii) provide credit insurance which can cover up to 80% of the value of goods and services exported abroad;
      • The Energy Efficient Conservation Authority offers loans and funding for energy efficiency projects including i) fuel efficiency programmes for transportation companies ii) company energy management tools and iii) energy audits for manufacturing companies, amongst many others;
      • The New Zealand Film Commission offers film production grants for i) large budget screen production and ii) post digital & visual effects. These grants represent an average of US$20,000 per subsidized production, but can also go as high as US$3,000,000;
      • Securing loans in New Zealand is easy, thanks to an efficient banking sector. New Zealand is ranked as the 3rd best country in the world to secure a loan by the World Bank and local banks are very supportive of SMEs;
      • The New Zealand Venture Investment Fund was established by the government in 2002 to assist the venture capital market in New Zealand. Consequently, there is a large network of venture capital firms and angel investors ready to finance entrepreneurial ideas. The country is also ranked by the World Economic Forum as the 4th best place in the world for the availability of venture capital.

    3. Multinationals choose Zealand as a cheaper alternative to Australia, because:
      • Average wages are recorded at only US$3,425 per month, 40% lower than the Australia’s average of US$5,680. NZ employers also pay social security contributions representing only 3% of their employees’ gross salaries, against 19% in Australia;
      • New Zealand businesses pay a total effective amount of taxes averaging 34% of their earnings compared to 48% in Australia. These effective rates include corporation tax, payroll contributions and GST;
      • Average rental of warehouse space in New Zealand is recorded at only US$55 per square meter per year. Office space in Auckland’s CBD is recorded at only US$450, and can get as low as US$290 in suburban areas;
      • New Zealand companies enjoy tariff-free access when selling their products and services to Australian costumers. NZ companies also enjoy free trade agreements with i) ASEAN countries ii) China and iii) GCC countries;
      • Living costs are over 10% lower in New Zealand than in Australia, including i) housing ii) restauration and iii) transportation. Melbourne and Sidney are indeed ranked as the 33rd and 26th most expensive cities in the world, while Auckland is only ranked at the 68th position.

    4. New Zealand does not have any capital gains tax, inheritance tax or wealth tax.

    Disadvantages of New Zealand company registration

    1. All New Zealand entities must appoint a director who is residing in either New Zealand or Australia. If requested, Healy Consultants can assist our Client to find an individual ordinarily residing in New Zealand to comply with this requirement. We can also structure the company to ensure that this individual will not make any decision not previously approved by our Client;
    2. Foreign-owned companies must file audited financial statements every year, if their annual sales are expected to be over US$24,000. Healy Consultants will negotiate with the New Zealand Government for exemption from this annual administrative requirement.
  • Best uses for a New Zealand company

    1. New Zealand companies are amazingly attractive vehicles for our international Clients’ to conduct their global business, including:
      • The “Look Through” company is a New Zealand resident company. Look Through Companies can be formed by individuals, such company can enjoy under some conditions the network of New Zealand’s double taxation avoidance treaties;
      • New Zealand companies can be used as a holding companies or as trading companies if all its operations are done outside of New Zealand. The corporate bank account can be opened outside of New Zealand in a country like Singapore, Germany or the United States;
      • New Zealand companies can also apply for a Financial Service Provider license, granted by the New Zealand Financial Services Authority. Licensed companies can then provide financial services from a trusted jurisdiction with excellent regulatory oversight;
      • Fortunately, New Zealand is not blacklisted by any jurisdiction or authority in the world and has no connotations as a tax haven. New Zealand is a fully committed member of the OECD, FATF and World Trade Organization.

    2. New Zealand is the best jurisdiction in the world to set up a financial services company because:
      • Within 2 months, Healy Consultants can register a financial services company in New Zealand for our Client with limited regulatory oversight. Financial entities include banks, hedge funds, asset management;
      • New Zealand is a reputable financial center, neither considered an offshore tax haven nor blacklisted by any Government in the world.
      • Obtaining a financial service provider license in New Zealand is i) much easier and ii) much cheaper than London, New York, Japan, Australia, Singapore and Hong Kong;
      • New Zealand financial regulations rank as the 2nd best in the world, according to professionals polled by the Global Financial Center Index.

    3. New Zealand is an attractive place for the formation of a foreign trust because:
      • The country has an impecable reputation for its AML/CFT regulations and is stable politically;
      • Foreign trusts are legally exempt from all taxes in New Zealand as long as their income is retained by the trust. Once distributed, income sourced from outside New Zealand can also be exempt from income tax and withholding tax if i) the beneficiaries are residing abroad and ii) the income is categorized as passive income (click link for further details);
      • There is no public registrar of trusts in New Zealand, hence garanteeing the confidentiality of our Clients.

  • Similar low tax jurisdictions

Company registration

  • Time to incorporate: One week
  • Cost to set up: US$7,730
  • Minimum capital: US$1
  • Physical office required: Yes

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: No
  • Resident director: Yes

Key facts

  • Corporate tax rate: 28%
  • Corporate tax base: Worldwide
  • Shelf companies: Unavailable
  • Main company type: Limited company

Frequently asked questions

Contact us

For additional information on our company registration services in New Zealand, please email us at Alternatively please contact our in-house country expert, Mr. Simon Guidecoq, directly: