New Zealand FSP companies in 2022

New Zealand financial companies Registered FSP Investment fund Forex company Financial advisory Firm Bank
Type of license required Unlicensed MIS Derivative issuer DIMS Banking license
Summary at a Glance
Total year 1 engagement set up costs? US$52,760 US$54,150 US$51,900 US$37,650 Contact us
Minimum paid-up capital required? US$1 US$50,000 US$690,000 US$20,000 US$ 22 million
Minimum capital recommended? US$100,000 US350,000 US$690,000 US$150,000 US$ 22 million
Our Client must travel during the engagement? No No No No No
Time required to complete the engagement? 8 months 2 years 18 months 1 year 3 years
Resident director required? Yes Yes Yes Yes Yes
Can Healy Consultants provide office space? Yes Yes Yes Yes Yes
Experience requirements for senior managers? Yes Yes Yes Yes Yes
Corporate tax rate payable? 28% 28% 28% 28% 28%
Can I offer services to retail customers? No Yes Yes Yes Yes
Incorporation requirements
Type of business entity most commonly used? LLC LLC LLC LLC PLC
How long to set the company up? 1 week 1 week 1 week 1 week 1 week
Minimum number of shareholders? 1 1 1 1 1
National shareholder required? No No No No No
Individual and corporate shareholders allowed? Yes Yes Yes Yes Yes
Minimum number of directors? 1 1 1 1 5
Resident director required? Yes, 1 Yes, 1 Yes, 1 Yes, 1 Yes, 3
Minimum paid up share capital before licensing? US$1 US$1 US$1 US$1 US1
Public register of shareholders & directors? Yes Yes Yes Yes Yes
Licensing considerations
License application submitted to whom? No license required FMA FMA FMA RBNZ
Licensing fees payable to the licensing authority? N/A US$2,500 US$7,400 US$1,500 US$25,000
Minimum amount of net assets for the license? N/A US$50,000 US$690,000 US$20,000 US$ 22 million
Minimum amount of cash assets & equivalent? N/A US$25,000 US$345,000 US$10,000 Variable
Office premises required? Yes, for FSP Yes Yes Yes Yes
Do I need to appoint a resident AML/CFT officer? No Yes Yes Yes Yes
Dispute resolution scheme required? Yes Yes Yes Yes Yes
Experience requirements for senior managers? Yes, for FSP Yes Yes Yes Yes
Average time required to obtain the license? 6 months 1 year 1 year 9 months 2 years
Tax and accounting considerations
Corporate tax rate payable? 28% 28% 28% 28% 28%
Capital gains tax payable? No No No No No
Withholding tax rate on dividends paid overseas? Up to 30% Up to 30% Up to 30% Up to 30% Up to 30%
Withholding tax rate on interest paid overseas? Up to 15% Up to 15% Up to 15% Up to 15% Up to 15%
Annual financial statements required? Yes Yes Yes Yes Yes
Statutory independent annual audit required? No Yes Yes Yes Yes
Local GST rate? 15% 15% 15% 15% 15%
Tax incentives available? Yes Yes Yes Yes Yes
Access to double tax treaties? Yes Yes Yes Yes Yes
Corporate bank account considerations
Healy Consultants ANZ ANZ HSBC Westpac Citibank
How long to open bank account? 4 weeks 4 weeks 4 weeks 4 weeks 4 weeks
Do I travel to open the bank account? No No No No No
Multi-currency corporate bank account? Yes Yes Yes Yes Yes
Multi-currency corporate visa debit cards? Yes Yes Yes Yes Yes
Corporate ATM card available? Yes Yes Yes Yes Yes
Bank rating by World Economic Forum? 2 2 2 2 2
Ease of getting credit by WEF? 11 11 11 11 11
Can I open an additional account outside of NZ? Yes Yes Yes Yes Yes
Estimate of engagement costs (US$)
Estimate of total outgoings in Year 1 US$52,760 US$54,150 US$51,900 US$37,650 Contact us
Sample invoice? View invoice PDF View invoice PDF View invoice PDF View invoice PDF Contact us

Contact us

For additional information on our incorporation services, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
client relationship officer - Simon