What you should know about New Zealand Trust Formation::
New Zealand has become a prominent international jurisdiction for Trust formation as it has a solid and stable economic climate as well as some of the best taxing laws and judicial system. New Zealand has a respected and strong presence in worldwide trade markets and a growing professional framework. With taxing laws that were established in 1840 and haven’t changed since then, it’s safe to say that NZ is one of the best and most tax friendly countries for foreign Trust formation.
This is what you need for your Trust formation in New Zealand:
- Bank account outside NZ
- One NZ resident Director
- Non-NZ resident Beneficiaries
- Non-NZ resident Settlor
- Non-NZ Assets
- Non-NZ sourced income
Every Trust formation comes with the following set of documents:
- Trust Deed
- Letter of Wishes (beneficiary’s protection)
Company Formation Costs: USD 8,000
Annual Cost from Year Two: USD 8,000 per annum
Contact us for details on additional services available.
Terms of Registration: Registration of any new company may take 7 working days from order placement to delivery.
Note: Dear Valued customers, minor changes in the Companies Amendment Act have been introduced and as of October 28th, 2015, your company must have a director who resides in New Zealand or who lives in Australia and is a director of an Australian registered company. Additionally you will be required to provide extra information about directors and any other ultimate holding company with your annual return.
As usual, at PROCOFORM we will be happy to assist you with any help required to adjust to these law changes.