New Zealand is a country in the southwestern Pacific Ocean situated on two large Islands (North Island and South Island) and a large number (approximately 700) adjacent smaller Islands.
Status – It is the constituent country within the Realm of New Zealand which is the entire area in which the Queen of New Zealand is head of state. It includes independent in governance, but freely associated with New Zealand the Cook Islands and Niue and non-self-governing territory of Tokelau and the Ross Dependency in Antarctica. New Zealand is a member of the United Nations, Commonwealth of Nations, ANZUS, Organisation for Economic Co-operation and Development, Pacific Islands Forum, and Asia-Pacific Economic Cooperation.
Capital – Wellington
Official languages – English, Maori, NZ Sign Language
Currency – New Zealand dollar (NZD)
Taxation – NZ is known as “tax heaven”. New Zealand resident company is subject to tax on all income – 28%. A non-resident company is only subject to tax on income sourced from New Zealand. New Zealand does not have an excess profits tax or alternative minimum tax. No VAT, no capital gains tax.
Advantages of setting up a company in NZ.
New Zealand is a flourishing, developed country with one of the most stable democracy in the world. A member of the British Commonwealth, New Zealand has an easy to understand legal system based on British common law.
New Zealand today is very popular as an offshore zone, which is not included in “black lists”. Therefore, many businessmen from around the world seeking to register an offshore company in New Zealand.
Currently, New Zealand offers one of the world’s top offshore finance company structures.
Other advantages of setting up a company in NZ: developed banking and legal services, there are no foreign exchange controls, no requirement on the disclosure of information about the trust, no monthly accounts, numerous Double Taxation treaties.
NZ jurisdiction is mostly chosen for the following aims: financial structures, holding companies, international investment companies, asset protection.
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