Send a request for a call
Company formation in New Zealand
Comprehensive assistance in company formation, including banking services
How to form a company in New Zealand
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in New Zealand and opening a bank account in New Zealand
2
Payment of services
Payment of our services for company formation in New Zealand and/or bank account assistance in New Zealand
3
Company formation
We register a new company in New Zealand for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in New Zealand
You can incorporate a limited liability company in New Zealand with a share capital of just NZD 1.
1. Founders that would like to register a company in New Zealand can either be resident or non-resident in New Zealand. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in New Zealand. It is not required to register a company in New Zealand with a residen individual as one of its shareholders or directors. However, a non-resident individual has to satisfy the condition of being present in New Zealand for a total of more than 183 days in a 12 month period.
3. One individual can register a company in New Zealand and simultaneously be a shareholder and a director in this company if such company is registered as Limited, Ltd. or Tapui (a limited liability company).
4. There is no requirement for creating substance in New Zealand - no need to hire local employees or rent an office in order to register a company in New Zealand or to conduct business in New Zealand.
5. Minimum share capital that is required to register a company in New Zealand as Limited, Ltd. or Tapui (a limited liability company) is NZD 1.
6. Information about company founders, shareholders and directors after company registration in New Zealand is complete is publicly available in the state corporate register.
7. We can help you register a company in New Zealand remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Wellington for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in New Zealand. It is not required to register a company in New Zealand with a residen individual as one of its shareholders or directors. However, a non-resident individual has to satisfy the condition of being present in New Zealand for a total of more than 183 days in a 12 month period.
3. One individual can register a company in New Zealand and simultaneously be a shareholder and a director in this company if such company is registered as Limited, Ltd. or Tapui (a limited liability company).
4. There is no requirement for creating substance in New Zealand - no need to hire local employees or rent an office in order to register a company in New Zealand or to conduct business in New Zealand.
5. Minimum share capital that is required to register a company in New Zealand as Limited, Ltd. or Tapui (a limited liability company) is NZD 1.
6. Information about company founders, shareholders and directors after company registration in New Zealand is complete is publicly available in the state corporate register.
7. We can help you register a company in New Zealand remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Wellington for 1 day in order to open a corporate bank account.
Cost of services
Formation of a Ltd.
Timeframe - 7 business days
Timeframe - 7 business days
Send a request
for company formation
Advantages of incorporating a company in New Zealand
Attractive business-environment
- New Zealand ranks #1 in the world for ease of doing business
- Multiple active free trade agreements: CPTPP, AANZFTA, DEPA
- Location of New Zealand allows to establish maritime trade with any region in the world
- Vast export market
- Well-developed infrastructure
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Dividends withholding tax rate is 0% for dividends paid to recipients that have a share of at least 10% in a company in New Zealand
- R&D tax incentives
- Multiple double tax treaties
No foreign exchange controls
- New Zealand state regulations do not impose foreign exchange controls. Individuals and business entities, either resident or non-resident in New Zealand may open bank accounts in local banks in any currency
Ease of establishing and doing business
- No minimum share capital requirement to register a company in New Zealand as a limited liability company
- Remote company formation in New Zealand is available for any foreign individuals
- 100% foreign ownership of a company is available
More about New Zealand
New Zealand is located in the southwestern Pacific Ocean and consists of the North Island (Te Ika-a-Māui) and the South Island (Te Waipounamu), as well as over 700 smaller islands. New Zealand has a territory of 268,021 square kilometers. New Zealand borders Australia and has access to the Tasman Sea, as well as to the Pacific Ocean and Southern Ocean. The capital city of New Zealand is Wellington, the location of key government institutions.
Population of New Zealand amounts to around 5,2 million people.
Population of New Zealand amounts to around 5,2 million people.
Official currency of New Zealand is New Zealand dollar (NZD).
New Zealand has a highly developed free market economy. New Zealand has one of the most globalised economies and depends significantly on international trade. Manufacturing industry in New Zealand consists of aluminum production, food processing, metal fabrication, wood and paper production.
In terms of foreign trade, the largest sector contributing to the country's export are food products: dairy products, eggs, natural honey, meat, fruit, nuts, beverages, spirits, vinegar. In addition New Zealand also exports wood products.
Imports of New Zealand consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, transmission apparatus, electric conductors, consumer goods, medicaments, organic chemicals, chemical products.
Primary trading partners of New Zealand are Australia, USA, Japan, China, South Korea, the United Kingdom, Hong Kong, Singapore, Indonesia, Thailand, Malaysia, the United Arab Emirates, Germany.
The GDP of New Zealand grew by 5% in 2021 and amounted to USD 250 billion. Tertiary sector makes up 70% of the GDP of the country, followed by industry sector at 21.5% and agriculture at 6%.
New Zealand has a highly developed free market economy. New Zealand has one of the most globalised economies and depends significantly on international trade. Manufacturing industry in New Zealand consists of aluminum production, food processing, metal fabrication, wood and paper production.
In terms of foreign trade, the largest sector contributing to the country's export are food products: dairy products, eggs, natural honey, meat, fruit, nuts, beverages, spirits, vinegar. In addition New Zealand also exports wood products.
Imports of New Zealand consist of energy, petroleum, oil, natural gas, electrical machinery and equipment, cars and vehicles, transmission apparatus, electric conductors, consumer goods, medicaments, organic chemicals, chemical products.
Primary trading partners of New Zealand are Australia, USA, Japan, China, South Korea, the United Kingdom, Hong Kong, Singapore, Indonesia, Thailand, Malaysia, the United Arab Emirates, Germany.
The GDP of New Zealand grew by 5% in 2021 and amounted to USD 250 billion. Tertiary sector makes up 70% of the GDP of the country, followed by industry sector at 21.5% and agriculture at 6%.
International business expands to New Zealand and incorporates a company in New Zealand primarily for trading, construction, agriculture, tourism, services.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- national defense
- operational activity of airports and seaports
- real estate
- oil and gas exploration
- postal services.
- Corporate income tax - 28%. Tax returns are filed on an annual basis. Advance income tax payments are made in 3 installments
- Dividend withholding tax - Standard tax rate 30%, tax rate 15% for cash dividends and 0% for dividends paid to recipients that have a share of at least 10% in a company
- Interest withholding tax - Standard tax rate 15%
- Royalties withholding tax - 15%
- Capital gains tax - 0% except capital gains from certain real and personal property transactions
- GST - Standard tax rate 15% or reduced rates of 0% and 9% or tax exempt. Tax returns are filed on a monthly, a bimonthly, a quarterly or a biannual basis
- Personal income tax - from 10.5% up to 33%.
Apart from such traditional business entity types as a limited liability company and a public company, corporate law in New Zealand offers to incorporate a company in New Zealand as:
1. Unlimited company
2. Cooperative company
3. General partnership
4. Limited partnership
5. Branch office
To receive a detailed description of the company formation procedure in New Zeland and information about documents necessary for company formation in New Zealand please contact our experts.
1. Unlimited company
2. Cooperative company
3. General partnership
4. Limited partnership
5. Branch office
To receive a detailed description of the company formation procedure in New Zeland and information about documents necessary for company formation in New Zealand please contact our experts.
Send a request for company formation in New Zealand
We will contact you within 1 minute
© Prime International Legal Services, 2023.
SERVICES
CONTACT US
Address:
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
