how to register a new zealand look through company
TRANSCRIPT
TAX AND CORPORATE NEWS Latest news and information about tax and corporate legislations in New Zealand
How to Register a New Zealand Liability Company Registering a New Zealand Look Through Company is a quick and easy process, consisting
simply of incorporating a new New Zealand company and completing a single application
for Look Through status.
What do I need in order to incorporate a New Zealand Company?
Before you apply to incorporate a New Zealand Company it is advisable to gather all of the
required documentation which you will need for the procedure, such as:
Proof of Identity
o Certified copies of the passports for all of the proposed Shareholders and
Directors
Proof of Residence
o Certified copies of a utility bill for all of the proposed Shareholders and
Directors (can also be a local council rate bill, internet bill, cable TV bill,
etc.)
In order to incorporate a company, you should also prepare:
A unique company name
A Registered Office address for use by the company
Details of all shareholdings for the company
How to incorporate a company?
1. The company must first reserve a unique name, which cannot be the same as any
name already in use by a New Zealand company, and must end with “LIMITED” or
“LTD”. Once approved, the name will be reserved by the New Zealand Companies
Office for 21 days.
2. The application to incorporate the company must be lodged via the Companies
Office’s online facilities, where details of the proposed company are entered.
3. Before the application can ne completed the nominated Directors and
Shareholders need to complete and submit their Directors’ Consents and
Shareholders’ Consents, which will be generated by the Companies Office. The
forms must be returned as originals to the Companies Office, and scanned copies
must be uploaded online.
4. The copies of the passports and utility bills for all Directors and Shareholders must
be submitted at the same time as the Consents.
KIRILL KRUGER
Development Manager at
Abaconda Management
Group , Director of AMG
Business Development.
Kirill Kruger is a young but
experienced financial
consultant, with a
specialization in
international and New
Zealand taxation research,
management and planning.
Being a successful
entrepreneur he has also
authored advanced studies
in the field of financial
academics, and regularly
writes reports on current
affairs and developments in
international and New
Zealand finance, taxation
and management.
www.abaconda.info
+64 7 8080 444
© Abaconda Management Group
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5. Once all the forms as submitted, the application is processed on the following
working day, and the Company should be approved within a few hours
How to elect for LTC status?
Before applying for LTC status, the company must first meet all the requirements for being
a Look Through Company.
The Company must:
Have a maximum of 5 shareholders
Only have shareholders who are individuals, Trusts, or other LTCs
Ensure that the shareholders unanimously agree to elect for LTC status
The Company must pass a resolution stating that it meets the requirements for LTC status,
and that all shareholders agree to become an LTC.
The Company must submit an Inland Revenue Department’s IR 862 form. The processing
can take up to six weeks, and if approved, the company will be granted LTC status.