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New Zealand

Legal form:

NZ Ltd, NZ Inc, NZ Co

Delivery:

5 days

Price: $

2500

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

New Zealand

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

New Zealand

Capital
Official languages
Population 
Currency

ISO 4217

Wellington

English and Māori

4.9 million

New Zealand Dollar

NZD

FAQ



Q: What is the process for forming a company in New Zealand?

A: The process for forming a company in New Zealand involves several steps, including registering a company name, preparing the company's constitution, and registering with the New Zealand Companies Office.


Q: What types of companies can be formed in New Zealand?

A: New Zealand allows for the formation of various types of companies, including limited liability companies, partnerships, and sole proprietorships.


Q: What is the minimum share capital required to form a company in New Zealand?

A: There is no minimum share capital requirement to form a company in New Zealand.


Q: Do I need to have a physical office in New Zealand to form a company?

A: No, a physical office in New Zealand is not required to form a company. However, the company must have a registered office address in New Zealand, and this address must be used for official correspondence.


Q: What are the tax implications of forming a company in New Zealand?

A: New Zealand has a favorable tax regime for businesses, with a corporate income tax rate of 28%. Additionally, New Zealand has a wide network of tax treaties, which can help to minimize the tax burden for companies doing business internationally.


Q: How long does it take to form a company in New Zealand?

A: The time required to form a company in New Zealand can vary depending on the type of company and the complexity of the registration process. In general, it can take several days to several weeks to form a company in New Zealand.


Q: What are the ongoing compliance requirements for companies in New Zealand?

A: Companies in New Zealand are required to comply with various ongoing compliance requirements, such as filing annual financial statements and maintaining a registered office in New Zealand. Additionally, companies may be subject to other requirements based on their specific business activities.


Q: Can a foreigner form a company in New Zealand?

A: Yes, foreigners are allowed to form companies in New Zealand. However, they may be subject to additional requirements, such as obtaining a work visa or appointing a resident director.

Economy

"New Zealand's economy has been performing well in recent years. According to the World Bank, the country's GDP grew by 3.2% in 2019, making it one of the fastest-growing economies in the OECD. The unemployment rate in New Zealand is also low, standing at 4.2% in 2019, which is well below the OECD average of 5.7%. In addition, the country's inflation rate is relatively low, at 1.5% in 2019.

New Zealand's exports have also been strong, with exports of goods and services reaching NZ$60.3 billion in 2019. This was an increase of 4.2% from the previous year. The country's main export partners are China, Australia, the United States, and Japan.

Overall, New Zealand's economy is in a strong position and is expected to continue to grow in the coming years."

Taxation

In New Zealand, both individuals and businesses are subject to income tax. The tax system is administered by the Inland Revenue Department (IRD), which collects taxes and enforces tax laws.


For individuals, income tax is based on a progressive tax system, with different tax rates applied to different income levels. The tax year runs from 1 April to 31 March, and tax returns are due by 7 July of the following year. Most individuals have their taxes automatically deducted from their salaries through the Pay As You Earn (PAYE) system.


Businesses in New Zealand are subject to a corporate tax rate of 28%. There is also a Goods and Services Tax (GST) of 15% applied to most goods and services, which businesses are responsible for collecting and paying to the IRD. Businesses are required to file a tax return each year, which is due on either 7 July or 31 March depending on their accounting period.


The IRD provides several methods for paying taxes, including online banking, credit card, and direct debit. The due dates for tax payments depend on the type of tax and the entity involved. For example, individuals typically pay taxes throughout the year through their employer, while businesses are required to make provisional tax payments throughout the year based on their expected income.

Company incorporation application form

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