Located in the Pacific Ocean, New Zealand can be considered an archipelago, although 2 large islands make up most of New Zealand's territory. The North Island is home to the capital Wellington and brings together more than ¾ of New Zealand's population. 2000 km separate New Zealand from its closest neighbor, Australia. 4 inhabitants populate the country which covers just under 300 km².
Maori and English are the official languages. The predominance of the English language is due to the massive presence of Anglo-Saxons in the country. Other dialects are practiced within the population: Samoan, Fijian. Dutch and German are also spoken to communicate with foreign nationals.
The service sector dominates the New Zealand economy. In addition, the liberalization implemented by the public authorities explains the massive arrival of international entrepreneurs. In addition, New Zealand is a member of several economic and trade groupings: OECD, WTO, APEC. There are also the various free trade agreements that New Zealand has ratified. This economic openness constitutes a capital opportunity in the starting a business in New Zealand.
The tax system of New Zealand
New Zealand taxation is an asset to those who want to set up a company in New Zealand. In fact, New Zealand's tax obligations are among the least restrictive of English-speaking countries.
The absence of taxes on capital gains and inheritance taxes characterizes this tax flexibility. Non-residents are taxable only on the basis of income earned in New Zealand. The tax system of New Zealand does not impose the companies nor on their revenues the companies nor on their turnover.
The financial sector, insurance, the sale of real estate benefit from a tax exemption. Exports are taxed at zero rate within the framework of VAT. The latter is 16% in general. Finally, the income of a natural person is taxed at a progressive rate, from 10,5% to 33%.
Starting a business in New Zealand: what are the advantages?
State taxation encourages the incorporation of companies in New Zealand. In practice, this reduced taxation results in maximization of profits. Moreover, other reasons explain the relocation of activities in New Zealand.
One of the reasons for the growth of international investment is the gradual and sustained opening of the country. Indeed, long regarded as a protectionist nation, New Zealand has now become a country participating in international free trade. The movement of capital is unrestricted in New Zealand. Bank secrecy is an advantage that financial institutions offer to their clients. It must be pointed out, however, that New Zealand's tariffs are among the lowest in the world.
The quality of New Zealand's workforce is also good for international entrepreneurs. The majority of New Zealand workers have been well educated, making them efficient and able to master many areas.
Political stability also encourages to set up a company in New Zealand. Moreover, the country has modern and quality means of communication.
What type of company to set up in New Zealand?
In New Zealand, entrepreneurs will have to register their business, either as SNC (Collective Name Company), Limited Liability Company (SARL A) or as a Trust. A partnership may also be considered. Setting up a company in New Zealand does not exceed 48 hours.
In practice, an investor can entrust the incorporation of his company in New Zealand to a fiduciary agency. These professionals offer many services and take steps to perform. Documents, such as a copy of the shareholders passport, may be sought for the establishment of a company in New Zealand.
Our experts in business creation and management in New Zealand are at your disposal from Monday to Friday from 9:00 a.m. to 19:00 p.m.
Included in the virtual office formula in New Zealand
New Zealand bank account opening
The many exemptions from its tax system make New Zealand a country favored for offshore activities. Its economic openness and customs tariff also remain significant advantages for foreign capital. The banking sector is also developed there. Indeed, some banks have opened subsidiaries abroad, in Samoa, among others. At the local level, banks compete with each other to the delight of customers. They can choose the partner with whom they can to open a professional bank account in New Zealand.
New Zealand banking sector: particularities
The banking sector is an active sector in New Zealand. It brings together several banking institutions that offer their services in real estate loans, consumer loans to individuals, business loans. In addition, some institutions may advise on IPO procedures or for capital increase. Subsidiaries of large banks are located in New Zealand (HSBC, Citigroup), and are listed as professional banks of the country, in the same way as the New Zealand banks.
Why open a bank account in New Zealand?
Managing a New Zealand offshore business requiresopening a bank account in New Zealand. In this jurisdiction, financial institutions guarantee bank secrecy to their clients. In addition, the existence of many banks guarantees services at the best price for the customer. It is important to note that bank account in New Zealand is a remote administrable account. Concretely, the banks make available to the customer an online account, which can be managed on the Internet. With this service, the customer will be offered international bank cards for his transactions on the account. Finally, the foreign account in New Zealand is a multi-currency account. The account allows transactions with all currencies, without paying exchange fees.
Opening a bank account in New Zealand: the papers to present
THEopening a professional bank account in New Zealand calls for the provision of proof of address, as well as a copy of the passport. The opening of the account can be done over the Internet. Just fill out the forms that the bank sends to the customer. Depending on the bank, she may apply for the visa or international bank card before opening a bank account. foreign account in New Zealand.
Open a bank account for your business in New Zealand
Corporate Accounting in New Zealand
Fidulink offers its clients a business accounting service in New Zealand, real daily support from a French-speaking cost accounting expert in New Zealand in Willigton. It is mandatory for companies in New Zealand to keep up-to-date accounts throughout their existence.
Accounting and Company Analysis in New Zealand
Our firm offers its clients to keep their business accounts in New Zealand up to date, with the advantage of having a French-speaking accountant at your disposal from Monday to Friday from 9:00 am to 17:00 pm.
A daily accounting service for your business in New Zealand
Because we know well that it is important to have a business accounting followed on a daily basis our accounting department offers a complete formula of company accounting in New Zealand for companies of all sizes and all activities.
Tax exemption & Business tax optimization in New Zealand
Fidulink offers a complete business tax exemption service in New Zealand as well as a complete tax optimization formula for the entrepreneur and business based in New Zealand.
Accounting service for your business in New Zealand