Company Structure in New Zealand
|Status of the company:||Companies Act 1993|
|Type:||Limited by shares|
|Company ending with:||Limited|
|Memorandum and Articles:||English|
|Integration time:||7 to 10 working days|
|Common or civil law:||Common Law|
|Capital:||New Zealand dollar - unspecified|
|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)|
|Population||4,913,171 inhabitants (2018)|
|Population growth||1.91 % / year|
|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)|
|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)|
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.
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|