New Zealand Offshore Company Formation
The information below displays the requirements to register a New Zealand Offshore Company (New Zealand limited company). We provide details on the maintenance, shareholder requirements, the minimum capital requirements for New Zealand company formation, along with the legal form, naming requirements, documentation required and director and secretary requirements.
The information below is a guide to help you with your New Zealand company registration, this serves as a general guide and may be subject to the most recent changes of the legislation in various jurisdictions. We invite you to Contact Us for the latest update and free quotation.
New Zealand Company – New Zealand Ltd Company
Legal form: Corporate legislation source in New Zealand is Companies Act 1993. New Zealand laws allow for the following categories of business ownership: Private Limited Companies, Partnerships, Sole Proprietorships, Public Companies, Societies and Trusts. The most popular form used by international investors in New Zealand is private limited company.
Name of the company: The company names may end with one of the following names or their abbreviations: ‘company’ , ‘Company Limited’, ‘Limited’, ‘Tapui (Limited)’, ‘Unlimited’. Company names which are offensive or include words or phrases protected by the Flags, Emblems and Name Protection Act 1981 or by any other enactment will not be approved. These, for example, include names having royal, national, international, commercial or other significance.
Memorandum and Articles of Association: A Company need not adopt its own constitution, than the rules of the Companies Act 1993 in effect become the company’s constitution. The company may adopt a written constitution, which (as long as it meets minimum prescribed Companies Act 1993 statutory requirements) outlines the rules by which a company must operate. The provisions of the Companies Act 1993 apply except to the extent that they may be legally varied by a constitution.
Shareholders: A minimum of one shareholder is required which may be an individual or a corporate body. Trusts are not recognized for being a shareholder as shareholders have certain liabilities under New Zealand Company law. The details of company shareholders are available on public file.
The share capital: There is no specific minimum capital requirement. The usual minimum authorized capital is NZ$ 100. The minimum issued capital may be one share of par value. Issued shares must be fully paid. Registered shares, preference shares, redeemable shares and shares with or without voting rights are permitted.
Directors of the New Zealand company: New Zealand limited company must have at least one Director, who has to be a natural person (i.e. not a body corporate) but don’t need to be a New Zealand Resident. There is no restriction on the total numbers of directors, and directors need not to be shareholders.
Registered office and local agent/secretary: Every company must have a registered office in New Zealand.
The registered office address must be notified to the Registrar on the application form for incorporation and needs to be a physical New Zealand address. It is normally the business address of the company or the address of the Company’s accountant. It is not longer necessary to display the Company’s name at the Registered Office. Every company must have an address for service in New Zealand, where legal documents can be delivered to the company. This may be the same address as the company’s registered office or it may be elsewhere, but it needs to be a physical New Zealand address, not at a postal box or document exchange. The address must be notified to the Registrar on the application form for incorporation. It is not requested by law to appoint a secretary but it is advisable do so. The appointment of a secretary is not notified to the Companies Office.
Taxation: The rate for income tax for companies in New Zealand is 33%; the top marginal rate for natural persons is 39%.
Audit and financial returns: An auditor must be appointed, if a company is controlled by foreign interests, that is, where body corporate incorporated outside New Zealand or their subsidiaries, or persons not ordinarily resident on New Zealand control more than 25% of the votes. Other companies can unanimously resolve not to appoint an auditor. All New Zealand companies are required to file annual returns with the authorities and to keep financial records, which should reflect the financial position of a company.
Meetings: All meetings may be held outside New Zealand, by telephone or other electronic means. Alternatively, directors and shareholders may vote by proxy.
Time needed for New Zealand formation: Usually it is 1-2 working days, but we need up to 10 working days for legalization of the documents and delivery by courier.
In order to proceed with the formation of the New Zealand Ltd (New Zealand Private Limited Company) please visit our How to Start page and then proceed to filling in our Application Form.
Our fees and prices for the formation of New Zealand offshore company (New Zealand Ltd, New Zealand Private Limited Company)
New Zealand Limited Company Formation cost includes:
- Name check and approval
- Drafting and filing of Memorandum and Articles of Association
- One set of originals of all standard corporate documents with Apostille
- Payment of the government license fee
- Provision of registered address
- Provision of company secretary
- Courier fees
- Rubber stamp
Optional services (to be chosen by the client)
- Provision of nominee shareholder
- Provision of nominee director
- Bank account opening in New Zealand
- General Power of Attorney with Apostille
- Apostille of one document
- Company seal
- Mail collection, mail forwarding ( please contact us for a quotation )
- Virtual office ( please contact us for a quotation )
- Good Standing Certificate with Apostille
Recurring maintenance fees from 2nd year and after
- Provision of registered office/legal service office
- Provision of company secretary
- Submission of annual returns and payment of annual returns fee
Please Contact Us for a free quotation, we shall respond immediately !
For DeltaQuest Corporate Services please contact:
Telephone: +357-25-878480
Fax: +357-25-761160
E-mail: corporate@deltaquestgroup.com
Mailing address: P.O.Box 57216, Limassol 3313, Cyprus
Business address: 14, Louki Akrita Str., Ayias Zonis, Limassol 3030, Cyprus
You can also fill our Contact Form
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