New Zealand International Trust

New Zealand is not offshore, and it is not even considered a ‘low-tax’ country. Nonetheless, New Zealand is one of the world’s major trust jurisdictions, it is probably because of, rather than in spite of, its membership of the OECD and its status as a ‘reputable’ and ‘tax cooperative’ jurisdiction that this growth has taken place in the trust sector, with many governments now discouraging taxpayers from setting up offshore investment structures in one form or another.

Key Features

New Zealand International Trust

Corporate Details

General

  • Type of entity

International Trust

  • Type of law

Follow English law/As per Trust Deed

  • Legal Framework

New Zealand Trustee Act 1956.

  • Our time to establish a Trust

2 weeks

  • Taxation of trust assets

None

  • Double Taxation Treaty access

No

  • Change of Domicile permitted

Yes

  • Duration

100 years (except: charitable international trust or a purpose international trust)

  • Restriction on Investment of Trust asset

No

  • Succession

As per Trust Deed

Settlor

  • Requirements

Should not be a resident of New Zealand

  • Qualifications

A trustee, a beneficiary or a protector of the trust.

Beneficiary

  • Requirements

Should not be a resident of New Zealand

  • Qualifications

A trustee, a beneficiary or a protector of the trust.

  • Property

Should not include immovable property situated in New Zealand

  • Jurisdiction

New Zealand Supreme Court

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated New Zealand

 Trustee   

  • Minimum number

1 if corporate and 2 or more if not corporate

  • Qualification

No domestic trustee is required

Accounts

  • Requirement to file

Yes

  • Publicly accessible

No