Fact File

Fact File Supplied By

John W Hart Limited


South Pacific.

Time Zone

Greenwich Mean Time +12.00.


5.1 million.



Airport (s)

International – includes Wellington, Auckland, Christchurch, Queenstown, Dunedin.




NZ dollar.

Political System

Constitutional democracy.

International Dialing Code


Legal System

Common law.

Centre's expertise


Personal income tax

0 to NZ$14k -10.5%; NZ$14,001 to NZ$48k – 17.5%; NZ$48,001 to NZ$70,000 – 30%; NZ$70,001 and up to NZ$180,000 – 33%; NZ$180,001 and above – 39%.

Corporate income tax


Exchange restrictions


TIEAs in force

Anguilla, Bahamas, British Virgin Islands, Cayman Islands, Cook Islands, Curacao, Dominica, Gibraltar, Guernsey, Isle of Man, Jersey, Marshall Islands, Netherlands Antilles, Niue, Saint Vincent and the Grenadines, San Marino, Sint Maarten, Turks and Caicos Islands and Vanuatu.

Signed but not yet in force

Bermuda, Saint Christopher and Nevis

Permitted currencies

Shares not required to be denominated in money on the registry.

Minimum authorised capital


Minimum share issue


Shelf companies

Available from company providers but not so relevant because of rapid incorporation.

Timescale for new entities

Can be set up within 24 hours with local directors and shareholders. Where there are foreign directors or shareholders, incorporation cannot be completed until certified copies of ID and proof of address are provided to the Companies Office.

Incorporation fees

NZ$148.05, including GST of 15%.

Annual fees

NZ$57.20, including GST of 15%.

Minimum number


Residency requirements

Companies must have a New Zealand-resident director. An exemption will be available if a director is resident in an 'enforcement country' and is a director of a company that is registered in that country. Australia is presently the only prescribed enforcement country.

Corporate directors

Not permitted.


On notice by a director. Frequency set out by company’s constitution. No minimum.


Yes (trusts no disclosure). Beneficial owners not disclosed.

Bearer shares

Share register must show names of shareholders.

Minimum number


Public share registry

Company must take register available for inspection by public.


Annual meeting, or 75% shareholders' resolution.

Annual return

Financial statements only have to be registered with the Registrar of Companies if a company is an "FMC reporting entity", a "large overseas company", or a "large" New Zealand company with 25% or more overseas ownership. "Large" means total assets exceeded NZ$66m or total revenue exceeded NZ$33m in each of past two accounting periods (reduced to $22m/$11m for overseas companies and subsidiaries of foreign corporates).

Audit requirements

Only mandatory if financial statements have to be registered. Large companies held
by less than 25% overseas owners may opt out.

Registered office

Must be in New Zealand. Company must have address for services in NZ.

Domicile issues

Companies may emigrate or immigrate.

Company Naming restrictions

Name forbidden that: 1. Contravenes enactment 2. Identical to another company 3. Is offensive. Must end with “Limited” or “Tãpui (Limited)”.