New Zealand Company Formation
New Zealand is situated in the South Pacific Ocean and possess two large and several small islands. Since its autonomy in 1947, New Zealand economy is progressing and mainly depends on the banking and finance. New Zealand enjoys economic liberalisation on account of structural reforms in the country. Certain reforms were introduced such as removal of exchange control and interests, which in turn resulted in facilitation in cash flow in or out of the country. New Zealand worked very hard to attract investment in the country and with the introduction of general tax incentives, New Zealand government paved ways to make New Zealand one of famous International Financial Centre.
Not only financial setup but overall company incorporation setup is revamped, which ultimately offer flexibility in order to incorporate company in New Zealand. One example of this flexibility is the exemption to pay annual government fee and no requirement to show capital. There shall be liability to file annual financial returns of the company, only if 25% or more shareholders of the company are overseas shareholders. All these reforms resulted in time efficient and quite simple company incorporation procedures.
Following are the requirements for company incorporation in New Zealand:
Kindly have a look at the section of fee schedule for description of incorporation fee. However here is the summary of the fees structure:
Once your company incorporates, you will get; certificate of incorporation along with M & A five copies, and original formation documents and minutes.
It takes 1 to 2 weeks for company incorporation in New Zealand.
Offshore Bank Account
For the updated details on the facility of offshore bank account, please refer to the section of fee schedule.