new zealand company registration and administration: essentials and requirements
TRANSCRIPT
TAX AND CORPORATE NEWS Latest news and information about tax and corporate legislations in New Zealand
New Zealand Company Registration and Administration: Essentials and
Requirements
This is a new series of information booklets aimed at giving you a complete and through over view
of starting, running, and maintaining a limited liability company in New Zealand. These booklets will
equally address the needs and concerns of New Zealand businesspeople and international
entrepreneurs.
Part 1: Basics
It is the overall general understanding among the business community, that using a company is the
easiest and straightforward means of conducting business. This sentiment holds just as true in New
Zealand, and the national regulations facilitate the smooth registration of a company, and provide an
easily to follow process for administration and maintenance of companies in New Zealand.
As anywhere else in the world, companies registered in New Zealand are separate legal entities from
the date of their registration, and, in normal circumstances, the Shareholders, employees, and
Directors of the Company are not responsible for the obligations of the Company.
Companies which opt to have limited liability (and most New Zealand companies do opt to do so),
indicate this fact by adding the word “Limited” at the end of their name.
As already mentioned, New Zealand has a well-established and highly-functioning legal and regulatory
system, based on the principals of Common Law, and the central tenements of company registration
and operation are prescribed in the Companies Act 1993. However, this is not the only piece of
legislation concerning companies, and some other legislations may influence certain aspects of the
activities of some companies, but this will be covered in detail in future articles.
The ease with which a new company in New Zealand can be launched and operated is an undeniable
fact, and in its report Doing Business in the World, completed in 2013, the World Bank ranked New
Zealand as the 3rd easiest country for doing business, and the best country in the world for starting a
new business. Taking into consideration that New Zealand has a highly trained and well educated
English-speaking workforce, and that the country already has an extensive amount of Free-Trade
Agreements with some of the major world economies, it is becoming obviously clear that New Zealand
is one of the prime destinations for doing business. This equally applies for New Zealanders doing
business in our own country, or for international investors and entrepreneurs choosing locate their
headquarters or center their operational offices in New Zealand, and deciding for this purpose to
register their own company in New Zealand.
Any discussion on the registration, administration and operation of a New Zealand registered
company must first take into consideration the provisions of New Zealand national law, and in this
regard our further articles and information are broadly based on regulations outlined in the
Companies Act 1993.
The content of this brochure is intended solely for informational purposes, and is not to be considered to be legal
or professional advice or opinion.
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.businesscompass.co.nz
+64 7 8080 444
© AMG Business Development