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| INTRODUCTION |
New Zealand lies in the South Pacific Ocean and consists of two large islands and a number of smaller islands. The current population is approximately 3,800,000.
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| LAW AND TAXATION |
Granted autonomy in 1947, New Zealand has a progressive economy that is based largely upon banking and finance. It has gone under substantial structural reform since 1984 and as a result has experienced economic liberalization.
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| CORPORATE REQUIREMENTS SUMMARY |
There is great flexibility in the incorporation and management of a New Zealand Company. It has no capital requirements and has a simple and fast incorporation procedure.
- If 25% of the directors are outside of New Zealand, the Ministry considers the company an overseas company and requires them to file financial statements along with the annual return. This applies to domestic registrations as well
- Domestic companies do not need to file financial statements with the annual return
- Companies Office does not charge a fee on capital stock
- Director/Officers do not need to be New Zealand residents
- The only resident requirement is the agent for service of process
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| **CSC does not provide legal or financial advice** |
