New Zealand Trust Formation @ Healy Consultants

New Zealand Trust Formation
A New Zealand Trust is considered as one of the most effective tax planning tools. The following information will help you determine whether New Zealand Trust formation is the best solution to meet your personal or corporate objectives.
Advantages of New Zealand Trust formation
1.	New Zealand is a reputable, well regulated jurisdiction with an excellent international image. It is not considered a tax haven. It is a member of the Organisation for Economic Cooperation and Development (OECD) as well as the Financial Action Task Force (FATF).
2.	A New Zealand Trust is exempt from New Zealand tax provided:
	It is managed by a New Zealand resident Trustee;
	The Beneficiaries are not resident in New Zealand; and
	The Trust income is sourced outside of New Zealand.
3.	New Zealand Trusts are not subject to capital gains tax.
4.	New Zealand Trust formation is confidential, because:
	The Trust Deed is not registered with any tax or government authority;
	There are no public records;
	The Settlor's identity does not need to be disclosed.
5.	Assets held in a New Zealand Trust are regulated by New Zealand law, which has no forced heirship provisions.
6.	The Trustee may be a natural person, a Company or a limited partnership. No restriction exist on the number of Trustees.
7.	The Beneficiary of a New Zealand Trust may be a natural person, a Company, a partnership or any other legally-recognised entity.
8.	A New Zealand Trust can benefit from Double Taxation Agreements which New Zealand has signed with countries around the world. For further information, kindly follow this link.
9.	A New Zealand Trust provides greater control over how assets and property are distributed compared to a Trust in many other jurisdictions.
Disadvantages of New Zealand Trust formation
1.	The Trustees of a New Zealand Trust must be resident in New Zealand.
Main uses for New Zealand Trust formation
1.	To hold assets including:
	Property;
	Bank accounts;
	Stocks, shares and assets of offshore Companies;
	Insurance policies;
	Intellectual property.
2.	To protect assets from creditors.
3.	To protect assets from losses which could result from an unsuitable marriage or other relationship.
Healy Consultants fees for New Zealand Trust formation
Healy Consultants fees for New Zealand Trust formation are US$6,950 in Year 1 US$3,500 from Year 2 onwards
Healy Consultants fees to act as New Zealand resident Trustee amount to US$1,950 (together with a refundable deposit of US$1,250).
Other information
	New Zealand Trust Set Up
	Establishing a New Zealand Trust.
Contact Us
For more information on New Zealand Trust formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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