New Zealand Limited Liability Company (LLC)

New Zealand Limited Liability Company
LLC Benefits

A New Zealand Limited Liability Company (LLC) has the following benefits:
  • 100% Foreign Ownership: Foreigners can own all of the shares in a New Zealand LLC.
  • Limited Liability: A shareholder’s liability is limited to the capital investment.
  • Easiest Country to Start a Business: According to the World Bank survey of 2015.
  • One Shareholder: The minimum number of shareholders is one to form a LLC in New Zealand.
  • One Director: The LLC can be managed by only one director; however, at least one Director must be resident in NZ.
  • No Minimum Share Capital: No minimum share capital is required.
  • English: As a British Dominion, English is its official language.

General Features of a Limited Liability Company

Company Status:Companies Act 1993
Type:Limited by Shares
Company ending in:Limited
Language:English
Memorandum & Articles:English
Time to Incorporate:Same day
Political Stability:Excellent
Common or Civil Law;Common
Exchange ControlsNone
Capital:New Zealand dollar
Capital Duty:None
Share restrictions:Bearer shares not allowed
Minimum number of shareholders:One
Corporate Shareholders AllowedYes
Minimum number of Directors:One
Resident Directors Required:Minimum one Director, as Resident in New Zealand
Corporate Directors AllowedNo
Annual Meetings RequiredYes
Registered Office:We provide
Address for Service:We provide
Registered Agent:We provide
Public Information:Company name, registrations, Directors & Members
Documents at Registered Office:Statutory Registers
Accounting requirements:Annual Return filed. Company must maintain proper records.
Annual Return:Annually required
Place of Meetings:Anywhere
Any exchange controls:None
Double taxation treaties:Comprehensive list of countries
Exchange of information:Yes
Taxation:Tax on profits, not normally capital gains, Comprehensive legislation
Attendance in New ZealandNot Required (Formalities by fax, email, and courier)
Bank AccountsCan be open worldwide

Requirement for New Zealand Resident Director

The grace period to allow companies the opportunity to comply with the Companies Amendment Act 2014 resident director rule commenced on 1 May 2015 and ended on the 28 October 2015.

At this stage, the Registrar is unable to advise as to when non-compliant companies may be subject to removal proceedings.

Any company that is subject to these actions will individually receive public notice. Any company that is advertised for removal is allowed a 20-working day objection period from the date of public notice.

Expected time to register your New Zealand Company

It is estimated that registering a New Zealand LLC can take up to two business days for approval.

Shelf Companies available

Shelf companies are available for sale, to fasten up the registration process, and allow you to start trading immediately.

Conclusion

A New Zealand Limited Liability Company (LLC) has these benefits: 100% foreign ownership, limited liability, one of the easiest countries to start a business, only one shareholder to form the LLC, only one director to manage the LLC, no required minimum share capital, and English is the official language.

Should you have any question or
Matter you would like to discuss with us

Our multi-lingual team of business advisors is happy to assist you with all upcoming questions and issues in relation to your company. You may call or email us, and we will be happy to assist you in a fast and efficient manner. You may also come and visit us at any of our Altrincham/UK or Wellington/NZ offices to discuss issues face to face if you prefer. Just arrange an appointment and we will be happy to meet you.

Contact Us Now!

Wellington Advisors LLP Wellington Representative Office, NZ

Level 1, 4 Bond Street Wellington 6011

Email: info@fspfinancial.co.nz
Tel.: + 64 (0)4 909 7394