New Zealand Company Incorporation Standard Package
Unless otherwise indicated, the New Zealand company stated in this quotation refers to a private com-pany limited by shares incorporated in New Zealand in accordance with the New Zealand Companies Act 1993.
Our New Zealand Company Incorporation Standard Package (NZCLS1) is ideal for foreign inves-tors who can provide their own local director.
Our fee for this standard package is NZD9,000. The fee includes the provision a named company secretary, a street address in New Zealand as registered office for one year and payment of regis-tration fees to New Zealand Companies Office.
For company registration purpose, client will need to provide us with a copy of duly certified identification and residential address proof (such as utility bills, phone bills, or bank statements etc.) of each director and founder member of the intended company, a duly completed New Zea-land Company Incorporation Order Form.
A New Zealand company can be incorporated within 5 business day, provided that the proposed name or the business activity to be carried out by the intended company do not require special licence or permit.
Our fee stated in this quotation is for general reference and may be subject to change.
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New Zealand Company Incorporation Standard Package #NZCLS1 - Services and Fees
Our fee for handling the registration of a private company limited by shares in New Zealand with a standard constitution is NZD9,000. In particular, our fee covers the following ser-vices.
(1)
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New Zealand Company Incorporation - Pre- & Post-Incorporation
(a) Advising client on the structure of the proposed company and maintaining a New Zealand limited liability company.
(b) Assist in collecting and preparing relevant materials for company registration.
(c) Perform a "Know Your Customer" ("KYC") due diligence process.
(d) Conducting availability search;
(e) Preparation of the Constitution of the company and registration forms;
(f) Payment of registration fees to New Zealand Companies Office;
(g) Certificate of incorporation from Companies Office; and
(h) Company Extract from Companies Office
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(2)
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Basic Annual Compliance Services
(a) Corporate Secretarial Service
Although the law does not require the appointment of a company secretary, we highly recommend that one is appointed so as to ensure that the company does not miss the deadline for filing various returns. Kaizen can act as the named Company Secretary for your New Zealand Company to comply with the New Zealand Companies Act:
(i) Annual Compliance Alert & Reminders
(ii) Named Company Secretary registered with Companies Office for 12 months
(iii) Forwarding mails and messages from the authorities.
(b) Registered Office Address Service
According to the requirements of New Zealand companies Act, the registered office address of the New Zealand company must be a located at New Zealand. Kaizen will provide an address to be used as the registered office for New Zea-land company and receive government letters (Companies Office) for one year.
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(c) New Zealand Business Number (NZBN), IRD Number and Goods and Services Tax (GST) Registration
New Zealand Business Number (NZBN) is a unique 13-digit number that identifies a business or organization to the government or community.
IRD Number is a unique tax number given by the Inland Revenue Department. It is necessary for organizations uses its IRD number to keep track of its tax. The format of the IRD number varies, appearing as either an eight or nine-digit number
Goods and Services Tax (GST) is a tax of 15% on most goods, services and other items sold or consumed in New Zealand. Registering for GST is optional for business-es earning less than $60,000 annually.
Kaizen will handle the application for Business Number, IRD Number and registration of Goods and Services Tax (GST) after the company is duly registered.
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Note:
(1)
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The above quotation does not include the provision of New Zealand residents to act as nominee directors. In order to comply with the requirements of New Zealand Cor-porations Act regarding the appointment of local directors, our fee for provision of nominee director service is NZD200 per month (NZD 2,400 per annum) for the New Zealand company. While acting as Nominee Director, Kaizen will collect a refundable security deposit of NZD 1,500. This security deposit will be full refunded to you when we cease to provide the nominee service, provided there are no outstanding fees at the time of termination. In addition, clients are required to provide a suitable indem-nity to Kaizen so as to protect our nominee director(s).
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(2)
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During the use of Kaizen’s nominee director service, the company shall also engage Kaizen’s accounting services or financial statement audit and tax reporting services for the same period.
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(3)
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The fees quoted above is exclusive of courier charge, if any.
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Payment Terms and Methods
Upon receipt of your confirmation of engagement, we will issue and email our invoice to-gether with the wiring instruction to you for your settlement. Please write our invoice number or account number in the message section of the remittance receipt and send a copy of the same to us after fund is remitted. Because of the nature of the services, we re-quire full payment in advance. Also, once service is commenced, no service fee will be re-funded except in special cases.
We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal on-ly. If payment is settled through PayPal, an extra 5% services fee will be charged.
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Basic Structure of a New Zealand Company
The minimum requirements of a New Zealand company are as follows:
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One shareholder, one director and one registered office.
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Shareholders can be natural person or corporation. No restriction on nationality.
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Director must be nature person and at least one director must be a New Zealand local resident.
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A shareholder can be appointed as director.
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Minimum issued and paid-up capital is NZD 1 and 1 share issued.
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Materials Required
Client needs to provide the following documents and information to Kaizen by email or fax or post for the purpose of incorporation:
(1)
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The copy of the passport and address proof issued within 3 months of shareholders (For example, utility bill, telephone bill or bank statement); if the shareholder is a legal person, the Certificate of Incorporation, corporate documents showing the registered address, Register of Directors, Register of Members and passport and address proof is-sued within 3 months of ultimate beneficial owners holding with more than 10% shares;
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(2)
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The copy of the passport and the address proof issued within 3 months of directors (For example, utility bill, telephone bill or bank statement);
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(3)
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If shareholder is a legal person, please provide an organization chart certified by direc-tor.
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(4)
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Filling the “KYC Questionnaires” and “Overseas Company Incorporation Order Form” provided by Kaizen.
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Acceptable address proof can be a utility bill or bank statement. Information of direc-tor/shareholder (full name and full address), document type, document issuing date and name of issuing authority must be clearly stated. If the document is not written in English, you are required to provide an English translation document for reference and as supporting.
The identification documents and address proof of shareholders and directors are subject to certify by Kaizen’s staff, notary offices, attorneys, accountants, or bank managers. You may visit any of our branches to complete the verification if needed.
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New Zealand Company Incorporation Procedure
Under normal circumstances, the company name and the business scope do not need an ex-tra license or permit, the whole process for company registration takes around 12 to 14 working days. The Business Number (NZBN), IRD Number and GST Number will take around 28 working days. The table below details the procedures with time frame for the registration for reference.
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Step
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Description
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Day
(estimated)
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1
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Clients place an order for
incorporation with Kaizen and provide the documents and information required
to Kaizen by email or fax or post. Kaizen issue an invoice to clients
for settlement.
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Clients’
Schedule
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2
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Kaizen performs a name
availability search with ASIC to confirm the availability of the proposed
company name.
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2
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3
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After confirmation of the
availability of the proposed name, Kaizen then prepares incorporation
documents.
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2-3
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4
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Kaizen then arranges with
client to sign the incorporation documents. The original duly signed
incorporation documents must then be returned to Kaizen for filing.
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Clients’
Schedule
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5
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Kaizen will proceed with the Companies
Office for registration. If it goes smoothly, Companies
Office will issue the Certificate of Incorporation in a couple of working days.
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12-14
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6
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Application for NZBN, IRD Number and GST Registration
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28
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7
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Kaizen
arranges the corporate kit send to the client
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Clients’
Schedule
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Total
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2 to 3 months
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Materials Returned to Client
After the company is duly registered with the Companies Office, we will hand over the fol-lowing items to the client:
(1)
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Certificate of incorporation);
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(2)
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Company Extract;
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(3)
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Consent to act as Director; and
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(4)
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Application for share.
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Annual Maintenance
Once the company is officially registered, it is required to comply with the compliance and maintenance requirements imposed by the Companies Act. For example, a company shall prepare the year-end statements and declaration about the corporate tax, etc. Kaizen could provide the following services to our clients, such as accounting and tax advisory services, assisting in the entry of accounting data, preparation of various declarations and accounts, and reasonable tax-saving measures. In addition, Kaizen could also provide salary calcula-tion services to our clients. For details, please kindly contact our professional consultants.
If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa
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