Overview:
- New Zealand's legislation is considered to be one of the most loyal for setting up a business;
- The state is renowned for having regional and political stability;
- The country has a well-developed banking and legal services industry;
- New Zealand has an excellent reputation in the international business arena;
- The Kingdom of New Zealand signed agreements with almost 40 states on the avoidance of double taxation;
- There is no currency control in the jurisdiction;
- Clevver helps with online company registration in the jurisdiction of New Zealand that does not require the physical presence of the owner.
New Zealand is one of the largest and prosperous countries in Oceania. In the country, agriculture, manufacturing, food industry, and tourism are well-developed. The main trading partners of New Zealand are Australia, the USA, Japan, and China.
A stable dynamic economy, promising investment climate, the introduction of innovative technologies, and many other positive factors cause a lively interest in New Zealand among entrepreneurs from many countries around the world.
If you have decided to start a new business and are thinking of choosing New Zealand for this purpose, this decision is well justified. This jurisdiction is the ideal place in the Asia-Pacific region to incorporate your company. In its annual World Bank's Doing Business Report 2020, out of 190 countries in the world, New Zealand is ranked No. 1 with a score of 86.8 for ease of doing business. In particular, it tops in such indicators as dealing with construction permits, registering property, and obtaining credit. This is an undeniable recognition, indicating the attractiveness of New Zealand in terms of entrepreneurship. The bureaucratic procedure of company registration is kept to a minimum in the country.
Assistance in setting up a business in a wide variety of countries is one of our main activities. Start a successful business venture by forming a company in New Zealand online with Clevver qualified help. You can find out the details here.
Taxation in New Zealand
The standard rate of corporate income tax is 28%.
In New Zealand, dividends are considered the company's income, and therefore under the general rule included in the taxable income tax base. It is worth bearing in mind that companies using different systems of "imputation credit" have different tax obligations with regard to dividends. The tax rate on dividends can be 33%, 30%, 15% and 0%.
As a general rule, there is no capital gains tax in New Zealand. However, some types of gains are taxable.
The current standard rate of VAT in New Zealand is 15%. All taxable transactions must be submitted on a special tax return. Registration for a VAT number is compulsory for businesses whose annual shipments of goods/services exceed a threshold of NZD 60,000.
Setting up a Company in New Zealand
The policy of the New Zealand government aims at developing beneficial conditions for business making and attracting investment in the country. Registering a company in New Zealand is a step to opening up many opportunities and prospects for your business.
The Clevver team is lending a hand in registering a company in New Zealand. Our specialists will try to make the setting up of a company in New Zealand time-efficient and save you from organizational troubles on the way.
APPLY TO OBTAIN:
- The quality assistance of the highly-skilled specialists;
- Online support from Clevver;
- An essential set of documentation on the company formation in a digital format;
- Consistent customer support and individual approach to each client.
Conclusion
New Zealand is a great place to form your business because the government of the country has done everything to make this process as painless and fast as possible. The online company registration assistance service from Clevver is fast and fully remote, allowing you to start up a company in New Zealand effortlessly.
The talented professionals at Clevver will help you incorporate your company in the Kingdom of New Zealand in a concise time span and without tiring bureaucracy. To reach out to our experts click here.
DISCLOSURE NOTICE: Any legal or tax advice in this communication (including any attachments) is for information purposes only and is not intended to be used, and cannot be used against Clevver or its Sender. The sender is neither an Accountant nor a Lawyer and cannot be made liable. Please, contact your tax accountant for individual consultation. Clevver does not provide any legal advice itself. Clevver works together with a network of lawyers and tax advisors that provide all necessary individual legal advice.
