New Zealand company registration

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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.

SummaryTax resident CompanyTax exempt LLC strategyFSP Registered CompanyLimited Liability PartnershipBranch of Foreign CompanyRepresentative Office
Best use of company?Trading with New Zealand ClientsTrading with Global ClientsGlobal Financial ServicesProfessional Services FirmConsolidating global income and ExpensesMarketing and Research
Legally tax exempt if properly structuredNoYesNoYesNoYes
Corporate bank account location?ANZ New ZealandHSBC UKHSBC New ZealandBank of America USAANZ New ZealandWestpac New Zealand
Client must travel to New Zealand?NoNoNoNoNoNo
Can secure trade finance?YesNoYesNoYesNo
Limited liability entity?YesYesYesYesNoNo
GST payable on sales to local customers?YesYesYesYesYesNo
Withholding tax on dividends to overseas shareholders?NoYesNoYesNoNo
Average total engagement costs?US$6,640US$7,490US$25,140US$7,100US$8,230US$8,230
Average total engagement period?

3 weeks6 weeks6 months6 weeks7 weeks7 weeks
Accounting and tax considerationsTax resident CompanyTax exempt LLC strategyFSP Registered CompanyLimited Liability PartnershipBranch of Foreign CompanyRepresentative Office
Statutory corporation tax payable?28%0%28%0%28%0%
Must file an annual New Zealand tax return?YesYesYesYesYesYes
Effective corporate tax on income on net profits of US$250,000?28%0%28%0%28%0%
Must file annual financial statements?YesYesYesYesYesYes
Investment income is legally tax exempt?NoYesNoYesNoNo
Access to double taxation treaties?YesNoYesNoYesNo
This entity enjoys Government incentives?YesNoYesNoYesNo
Monthly GST reporting to the Government?YesYesNoYesYesNo
Legally tax exempt entity?NoYesNoYesNoYes
Dividends received are legally tax exempt?NoYesNoYesNoNo
Company registrationTax resident CompanyTax exempt LLC strategyFSP Registered CompanyLimited Liability PartnershipBranch of Foreign CompanyRepresentative Office
resident director\partner\manager required?YesYesYesYesYesYes
Minimum number of shareholders\partners?1112Parent companyParent company
Minimum number of directors/managers?111211
Minimum paid up share capital?US$1US$1US$100,000US$2US$ 0US$ 0
Shelf companies available?YesYesYesNoNoNo
Time to incorporate a new entity?1 week2 weeks1 week2 weeks1 week1 week
Can easily convert to a local PLC company?YesNoYesNoNoNo
Can have preference shareholders?YesNoYesNoNoNo
Business considerationsTax resident CompanyTax exempt LLC strategyFSP Registered CompanyLimited Liability PartnershipBranch of Foreign CompanyRepresentative Office
Can invoice local customers?YesNoYesYesYesNo
Can hire local staff?YesNoYesYesYesYes
Can rent local office space?YesNoYesYesYesYes
Secures a residence visa for business owner?YesNoYesYesYesNo
Good entity for trademark registration?YesYesYesNoYesNo
Other useful informationTax resident CompanyTax exempt LLC strategyFSP Registered CompanyLimited Liability PartnershipBranch of Foreign CompanyRepresentative Office
New Zealand has signed free trade agreements?Yes
The country is a member of WIPO and TRIPS?Yes
The country is a member of the ICSID?Yes
Average customer duties suffered?2%
Gov investment approval required?No
Average monthly office rental? (US$ per sq m)US$47
Minimum statutory monthly salary?US$1,750
Average monthly US$ salary for local employees?US$2,700
New Zealand $ deposit interest rate? (1 year average)3.8%
US$ deposit interest rate? (1 year average)0.35%
Overseas remittance currency controls?No
Public register of shareholders and directors?Yes
Investment income is legally tax exempt in New Zealand?Yes, if corresponding NZ and Global income was already subject to tax
Monthly GST reporting to the Government?Only if local sales exceed US$40,000
Dividends received are legally tax exempt?Yes, if corresponding NZ and Global income was already subject to tax
Banking considerations
Multi-currency bank accounts available?Yes
Corporate visa debit cards available?Yes
Quality of e-banking platform?Excellent
Crowd Funding Available in this country?Yes

Frequently asked questions

Contact us

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