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One-Stop Solution to register company in New Zealand

To register company in New Zealand is hassle-free, if you know how. With Tetra Consultants at the wheel, you will be able to channel your time and energy into other more important aspects of business.

With our lean-and-mean mentality, you can rely on our team of consultants to provide you a seamless experience throughout the whole process of New Zealand business set up. Our ultimate goal is for your New Zealand company to be operationally ready within the stipulated time frame.

Our service package includes everything you will require to do business in New Zealand:

• Company registration with New Zealand Companies Registry
• Provision of New Zealand nominee director
• Local company secretary and registered address
• Opening local or international corporate bank account
• Financial license application (if required)
• Tax registration
• Annual accounting and tax services

When can I expect to start business?

• Tetra Consultants will register New Zealand company within 1 week.  After receiving due diligence documents of the directors and shareholders, Tetra Consultants will search for the availability of your preferred company name in the Companies Registry.
• At the same time, our legal team will send you the documents required for company incorporation. Some of these documents include incorporation forms, power of attorney, nominee director agreement and others. Once the paperwork is completed, our consultants will immediately proceed with company formation.
• Our team will complete company formation without the need for travel.
• Once completed, you can expect to receive the details of your newly registered entity including company number and certificate of incorporation.
• Within 4 weeks upon company registration, Tetra Consultants will open a corporate bank account with a local reputable bank. Some of the banks we recommend include ANZ New Zealand, Bank of New Zealand and ASB Bank. Consequently, you can expect to start operations and issue invoices with your New Zealand company within 5 weeks upon engaging Tetra Consultants.
• If you are keen to know more about the process, Tetra Consultants has prepared a step by step explanation of all steps required to register company in New Zealand.

Requirements

According to New Zealand Companies Registry, the minimum requirements for a New Zealand limited liability company are:

• 1 shareholder of any nationality
• 1 local resident director
• 1 company secretary
• A New Zealand registered office address
• No minimum paid up share capital

What types of companies are there?

There are many different types of companies in New Zealand. It is essential to choose one that is most suitable for your business needs and long term goals. Once engaged, Tetra Consultants will fully understand your business structure and recommend the optimum business entity.

Limited Liability Company

• If you are looking to set up a company in New Zealand, our recommendation will be to set up a limited liability company (LLC). Regardless of onshore or offshore business, this is the most common business entity in the country and we can supply you company numbers within 1 week.
• Your business is required to file annual company tax return and annual financial statements. In addition, your business is subjected to a corporate tax rate of 28% and VAT rate of 15%.
• A New Zealand limited company means that it is a separate legal entity. The company can sign contracts and have possession over assets on its own. If there are legal orders, the New Zealand limited company will be sued in its own name.
• Just like limited companies in other jurisdictions, the personal assets of the shareholders are indemified from the company’s liabilities.
• In NZ, some business activities may require you to secure licenses before being allowed to conduct business. In the event you are required to apply for licenses to conduct business in New Zealand, Tetra Consultants will recommend you to consider setting up a LLC.

Limited Liability Partnership (LLP)

• A limited partner’s income generated outside of New Zealand through the company is not subjected to taxes.
• As such, New Zealand Limited Liability Partnership allows investors to benefit from being taxed as a partnership, while enjoying the protection of limited liability since the partnership is a separate legal entity from the two partners.

Branch Office

• A branch office is an extension of the parent company and can only conduct business activities in New Zealand similar to that of the parent company.
• The parent company is the 100% shareholder and is fully liable for the debts incurred by the New Zealand branch office. It is mandatory to appoint a local registered agent/secretary.

Representative Office

• A representative office is only allowed to conduct market research and marketing for the parent company. It is not allowed to sign contracts, sales agreement and earn income in New Zealand.
• Representative office is optimum for companies looking to set up New Zealand company to explore the market before entering the market.

Sole Trader

• If you are just starting a company and not planning to hire any employees, you may wish to register as  a New Zealand Sole Trader. To become a sole trader, you are required to have a personal NZ IRD number for paying income tax and GST. Depending on your business activity, you may also require certain licenses.
• You are also required to inform the Inland Revenue Department that you are operating as a Sole Trader. In the event your profit exceeds NZD60,000, it is mandatory for you to be GST-registered.

Appointing local director

• It is mandatory for all New Zealand companies to appoint a local resident director. According to New Zealand Companies Office, a director is deemed “resident” only if he lives in either New Zealand or Australia. In addition, the director must be present in either New Zealand or Australia for more than 183 calendar days per year. Tetra Consultants will provide a nominee resident director for our international clients’ businesses.
• Prior to New Zealand company formation, our team will provide basic details of our nominee, including his passport copy and proof of address. In addition, our legal team will provide legal nominee agreement, ensuring our nominee has no authority in the business.
• If required, our nominee will attend bank meetings on our clients’ behalf, so as to minimize delay during the engagement.

How to register a company in New Zealand?

In order to register your business in New Zealand, you must follow these steps: