| 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 |
