New Zealand FSP companies in 2023

New Zealand financial companiesRegistered FSPInvestment fundForex companyFinancial advisory FirmBank
Type of license requiredUnlicensedMISDerivative issuerDIMSBanking license
Summary at a Glance
Total year 1 engagement set up costs?US$52,760US$54,150US$51,900US$37,650Contact us
Minimum paid-up capital required?US$1US$50,000US$690,000US$20,000US$ 22 million
Minimum capital recommended?US$100,000US350,000US$690,000US$150,000US$ 22 million
Our Client must travel during the engagement?NoNoNoNoNo
Time required to complete the engagement?8 months2 years18 months1 year3 years
Resident director required?YesYesYesYesYes
Can Healy Consultants provide office space?YesYesYesYesYes
Experience requirements for senior managers?YesYesYesYesYes
Corporate tax rate payable?28%28%28%28%28%
Can I offer services to retail customers?NoYesYesYesYes
Incorporation requirements
Type of business entity most commonly used?LLCLLCLLCLLCPLC
How long to set the company up?1 week1 week1 week1 week1 week
Minimum number of shareholders?11111
National shareholder required?NoNoNoNoNo
Individual and corporate shareholders allowed?YesYesYesYesYes
Minimum number of directors?11115
Resident director required?Yes, 1Yes, 1Yes, 1Yes, 1Yes, 3
Minimum paid up share capital before licensing?US$1US$1US$1US$1US1
Public register of shareholders & directors?YesYesYesYesYes
Licensing considerations
License application submitted to whom?No license requiredFMAFMAFMARBNZ
Licensing fees payable to the licensing authority?N/AUS$2,500US$7,400US$1,500US$25,000
Minimum amount of net assets for the license?N/AUS$50,000US$690,000US$20,000US$ 22 million
Minimum amount of cash assets & equivalent?N/AUS$25,000US$345,000US$10,000Variable
Office premises required?Yes, for FSPYesYesYesYes
Do I need to appoint a resident AML/CFT officer?NoYesYesYesYes
Dispute resolution scheme required?YesYesYesYesYes
Experience requirements for senior managers?Yes, for FSPYesYesYesYes
Average time required to obtain the license?6 months1 year1 year9 months2 years
Tax and accounting considerations
Corporate tax rate payable?28%28%28%28%28%
Capital gains tax payable?NoNoNoNoNo
Withholding tax rate on dividends paid overseas?Up to 30%Up to 30%Up to 30%Up to 30%Up to 30%
Withholding tax rate on interest paid overseas?Up to 15%Up to 15%Up to 15%Up to 15%Up to 15%
Annual financial statements required?YesYesYesYesYes
Statutory independent annual audit required?NoYesYesYesYes
Local GST rate?15%15%15%15%15%
Tax incentives available?YesYesYesYesYes
Access to double tax treaties?YesYesYesYesYes
Corporate bank account considerations
Healy ConsultantsANZANZHSBCWestpacCitibank
How long to open bank account?4 weeks4 weeks4 weeks4 weeks4 weeks
Do I travel to open the bank account?NoNoNoNoNo
Multi-currency corporate bank account?YesYesYesYesYes
Multi-currency corporate visa debit cards?YesYesYesYesYes
Corporate ATM card available?YesYesYesYesYes
Bank rating by World Economic Forum?22222
Ease of getting credit by WEF?1111111111
Can I open an additional account outside of NZ?YesYesYesYesYes
Estimate of engagement costs (US$)
Estimate of total outgoings in Year 1US$52,760US$54,150US$51,900US$37,650Contact us
Sample invoice?View invoice PDFView invoice PDFView invoice PDFView invoice PDFContact 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