Formation de Sociétés en Nouvelle Zélande

 

Company Structure in New Zealand

Status of the company: Companies Act 1993
Type: Limited by shares
Company ending with: Limited
Language: English
Memorandum and Articles: English
Integration time: 7 to 10 working days
Political stability: Excellent
Common or civil law: Common Law
Exchange controls: No
Capital: New Zealand dollar - unspecified
Capital duty: No
Share restrictions: Unauthorized bearer shares
Minimum number of shareholders: A
Authorized corporate shareholders: Yes
Authorized bearer shares: No
Minimum number of directors: A
Authorized corporate directors: No
Qualification of directors: Personal, local or foreign
Secretary: Personal, local or foreign
Nationality of directors / shareholders: Shareholders - Any country with at least 1 director must be a New Zealand resident
Annual meetings required: Yes
Registration desk: We provide
Registered Agent: We provide
Public information: Company name, registrations, directors and members
Documents at the head office: Statutory registers
Accounting requirements: Annual report filed. The company must keep appropriate records
Government fees: 60 NZD
Annual declaration: Payment of annual government fees
Where are the meetings held: Anywhere
Double taxation agreements: Complete list of countries
Exchange of information: Yes
Taxation: Income tax, not normally capital gains
Travel to New Zealand: Not required (formalities by fax, e-mail and mail)
Bank accounts: Can be opened worldwide
Special Notes: The Business Office provides internet access and registration

Key Figures of Companies in New Zealand

Official name New Zealand
Proper noun New Zealand (in); Aotearoa (mi)
Continent Oceania
Subcontinent Oceania
Population 4,913,171 inhabitants (2018)
Population growth 1.91 % / year
Area 268,107 km²
Density 18.33 inhabitants / km²
GDP 205.025 billion $USD (2018)
GDP / capita 41,966 $USD (2018)
GDP growth 2.80 % / year (2018)
Life expectancy 82.10 years (2018)
Birth-rate 12.43 ‰ (2017)
Fertility rate 1.99 children / woman (2015)
Mortality rate 6.95 ‰ (2017)
Child mortality rate 4.10 ‰ (2015)
Literacy rate 100,00 % (2018)
Official languages English, Maori, New Zealand Sign Language
Change New Zealand Dollar ($ NZD)
HDI 0,921 / 1 (2018)
IPE 75,96 (2018)
Nature of State Constitutional monarchy and parliamentary democracy
Head of state Queen Elizabeth II, Governor General Patsy Reddy
National Holiday February 6 (Waitangi Day)
Codes ISO NZ, NZL
Nice New Zealander, New Zealander
Tourists 3,733,707 people (2017)

Formation de Sociétés en Nouvelle Zélande

Relative isolation

The New Zealand is a country in Oceania located in the southwest of the Pacific Ocean, made up of an archipelago of two main islands (the North Island and the South Island), and many other smaller islands, notably the Stewart Island and the Chatham Islands. The country is geographically rather isolated from the rest of the world, around 1600 km from Australia. This isolation has allowed the development of a very rich and varied endemic flora and fauna.

 

Formation de Sociétés en Nouvelle Zélande

 

The remoteness does not prevent it from maintaining relations, in particular economic, with its “close” neighbors: Australia, China, Japan but also Chile or the United States, as well as many islands in Oceania.
Demography is booming, with an annual growth rate of nearly 2 % per year in recent years, a rate worthy of developing countries. Most of this growth is due to immigration. The country receives a large number of migrants (positive balance of 62,700 migrants in 2017-2018), who come to New Zealand to seek a quality of life that meets some of the highest standards in the world.

The economy is in good shape, with an unemployment rate of 4.5 % (June 2018) and economic growth of 3 % in 2017. The country's oil production is on the rise, with the opening of new oil fields, which inflates its exports. Tourism had done well in recent years, thanks in particular to major Hollywood film productions (saga The Lord of the Rings) who had presented the magnificent landscapes of the South Island.

In addition, the authorities face the challenge of ensuring a better future for the Maoris, which probably involves better integration and greater respect for the rights of these minorities, present in the territory long before the arrival of Europeans.
The country must also take charge of more and more small islands in its area of influence in Oceania, these finding themselves in sometimes catastrophic conditions, submerged by the rise in sea level. More and more of these citizens, the first climate refugees, and currently considered as “second class” because of immigrants, are seeking refuge in New Zealand.

 

Corporate Taxation in New Zealand

Corporate tax rate (IS)

Global CIT rate (%) 28

Corporate tax (IS) due dates

CIT return deadline July 7 (for closing dates October 1 to March 31).

For closing dates between April 1 and September 30, the due date is the seventh day of the fourth month following the closing date.

The filing date for taxpayers linked to a tax agent is extended until March 31 of the following year.

CIT final payment due date February 7 (for the closing dates of March 31 to September 30).

For other balance dates, final tax payments are generally due on the seventh day of the 11th month following the balance date.

The final tax due date is extended by two months for taxpayers linked to a tax agent.

Estimated due dates for CIT payments Under the standard method, interim tax payments are usually due in three installments:

(i) 28th day of the seventh month before the balance date.

(ii) 28th day of the third month before the closing date.

(iii) 28th day of the month following the closing date.

Personal income tax rate (PPI)

Global PIT rate (%) 33% changing to 39% from April 1, 2021.

Personal income tax (PIT) due dates

PIT return due date July 7
IRP final payment due date NP
Estimated PIT Payment Due Dates NP

Value added tax (VAT) rate

Standard VAT rate (%) Goods and Services Tax (GST): 15

Withholding tax rate (WHT)

WHT rate (%) (Div / Int / Roy) Resident: 33/28/0;

Non-resident: 30 * / 15/15;

* See New Zealand Corporate Summary for a description of reduced rates based on shareholder assets and treaty relief.

Capital gains tax rate (CGT)

Corporate capital gains tax rate (%) New Zealand does not have a comprehensive capital gains tax. However, capital gains realized by a company will generally be taxed as dividends on distributions to shareholders, subject to certain exceptions.
Tax rate for individual capital gains (%) New Zealand does not have a comprehensive capital gains tax.

Wealth / Equity Tax Rate

Global wealth / equity tax rate (%) N / A

Rate of inheritance and gift tax

Rate of inheritance tax (%) N / A
Gift tax rate (%) N / A

 

NA means Not Applicable (that is, the territory does not have the stated tax or requirement)
NP stands for Not Provided (i.e. information is not currently provided in this chart)