Valsen Corporate

New Zealand Look Through Company

  • The New Zealand LTC is an ordinary Limited Liability Company in all legal respects, which appropriately structured, and subject to making the necessary election, will be fiscally transparent for taxation purposes, resulting in similar taxation treatment as that which is applied to New Zealand Limited Partnerships. All income, expenses, tax credits, rebates, gains and losses of an LTC will be passed to its shareholder(s) in proportion to their interest(s) in the LTC. As the shareholder(s) are effectively the recipient(s) of the LTC’s income, foreign shareholder(s) (i.e. non-NZ resident shareholders) will not have a New Zealand tax liability where the LTC’s income is generated from non-New Zealand sources.
    New Zealand LTC 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 LTC Legal Requirements

    New Zealand LTC

    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
    • Authorize share capital

    NZD 10,000
    • Minimum paid up

    NZD 1

    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 LTC 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 LTC Duration to Set- up 2 Weeks New Zealand LTC Distinctive Benefits
    • 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.
    • Company profits are distributed to shareholders, who are taxed individually on their overall personal income
    • 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