For shareholders of companies going public around the world, New Zealand offers some of the best international business forms available with…
- Less restrictions of financial activities, and
- Pass thru taxation, so the owners of the entities are only taxed in their home jurisdiction not New Zealand too.
One of the premier entities that we recommend to our clients is the New Zealand Foreign Trust
New Zealand Foreign Trust
What is a NEW ZEALAND FOREIGN TRUST?
A New Zealand Foreign Trust (NZFT) is an offshore trust under the heritage of British Common Law and similar to trusts in all British heritage jurisdictions. It can be a testamentary, estate or trading (Business) trust. It is a tool for those who wish to have a Foreign Vehicle in a non Tax Haven associated country for the purposes of:
Banking/Brokerage Accounts – If you want to set up bank accounts or brokerage accounts in a foreign jurisdiction and you need an offshore entity to do that.
Operating a Business (A trading trust can be set up without or with a corporate trustee – both of which you own and neither of which are taxed in New Zealand for non New Zealand Sourced income)
Financial Services Delivery (New Zealand Law does not prohibit New Zealand entities from operating financial institutions offshore to New Zealand – this applies to
banking,
broking,
Investment advice,
means of payment services,
financial guarantees,
insurance,
financial exchanges,
gambling,
foundations,
trust companies,
escrow companies,
etc.)
Tax Planning (New Zealand does not tax a properly structured NZFT nor its New Zealand corporate trustee on its non New Zealand sourced income for non New Zealand resident beneficiaries.)
Privacy – There is no registration of a NZFT if the trustee is also foreign based. No one will even know your trust exists unless you tell them. With a New Zealand trustee, if the settlor is not Australian, only the NAME of the trust is revealed and no tax filings have to be done, though records have to be kept by the New Zealand trustee in case of a governmental request by an offshore Government with whom New Zealand has a double tax treaty. (This is mainly aimed at Australians). A non New Zealand trustee who is also not based in your country can be supplied if needed, thereby removing the requirements imposed on a New Zealand Trustee.
Asset Protection – Protect your assets from foreign creditors by legally removing ownership to New Zealand Trustee.
Franchising – New Zealand has no franchising law and franchises can be set up easily and quickly without local registration.
No Forced Heirship Provisions – no part of the estate has to be passed to next-of-kin.
CALL US TODAY FOR A QUOTE.- We can set you up with a New Zealand Shelf Trust in as little as an hour, or create a new one for you along with your own corporate trustee in less than 24 hours – often in 3 or 4 hours. We can assist you with your international banking and brokerage accounts needs too.
For All of your INCORPORATING needs contact Samuel Wierdlow Inc. (www.SamuelWierdlowInc.info)
