New Zealand Public Limited Company (PLC) can be established through allowing for issuance of new shares in the company’s articles of association. Companies help foster confidence in businesses by governing the relationships between investors (shareholders), directors and creditors and by giving stakeholders a clearer picture of who and what they are dealing with. As for international business activities and utilization by non New Zealand residents, this company is limited in use to corporate trustee services or holding of assets such as intellectual property and so. That is because a New Zealand company usually has to pay tax on its worldwide income. So if income is made, then tax registration is required and filings of tax need to occur. This structure has limited use but is relatively cheap.

New Zealand PLC Key Features

  1. At least one director (individuals only, not body corporate),
  2. At least one shareholder,
  3. New Zealand registered office (physical New Zealand address, not a postal box or document exchange),
  4. No share capital required at the moment of incorporation,
  5. Tax registration is not compulsory if a company is not going to commence trading,
  6. May be subject to compulsory audit,
  7. May pay taxes on worldwide income.

New Zealand PLC Legal Requirements

New Zealand PLC

Corporate Details

General

  • Registered Office in New Zealand

Yes

  • Time to establish a new company

2 weeks

Share capital or equivalent

  • Standard currency

New Zealand Dollar NZD

  • Permitted currencies

Any

  • Minimum paid up

No minimum

Directors | Officers | Partners

  • Minimum number

1

  • Location of meetings

No

  • Corporate directorship allowed

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

New Zealand PLC Tax Treatment

  • Company profits are distributed to shareholders, who are taxed individually on their overall personal income.
  • Profits the shareholders do not take are the company’s, and get taxed at the company tax rate of 28%.
  • Companies don’t pay tax on earned revenue if they make a net loss.

New Zealand PLC Duration to Set- up

2 Weeks

New Zealand PLC Distinctive Benefits

  • NZ, PLC is not subject to tax on foreign sourced income.
  • Companies don’t pay tax on earned revenue if they make a net loss.
  • The shareholders’ liability for losses is limited to their share of ownership of the company.
  • No share capital required at the moment of incorporation,
  • Tax registration is not compulsory if a company is not going to commence trading

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers