New Zealand consists of several islands; the North and South Island plus a number of smaller islands. The capital and seat of government is based in Wellington in the North Island and the overall population is around 4.5 million.
New Zealand has a progressive economy based largely upon banking and finance. In the last 30 years the country has experienced significant structural reform and economic liberalism. There have been several reforms such as the removal of exchange controls allowing the free flow of capital in and out of the country. The government has also implemented various incentives in order to encourage greater investment in New Zealand.
Key benefits of New Zealand:
- New Zealand is a safe, stable and secure country which offers considerable benefits.
- The New Zealand legal system is based on English Common Law
- New Zealand is a full member of the Organization for Economic Cooperation and Development. (OECD)
- New Zealand has an efficient market driven economy with business stability, extensive free trade agreements and active government support for investors.
- New Zealand is perceived as being a legitimate tax jurisdiction whilst providing many advantages of an offshore jurisdiction.
- New Zealand is consistently rated as one of the best places in the world in which to do business
- New Zealand is the first western country to complete a Free Trade agreement with China., The New Zealand China Free Trade Agreement.
- Ease of access to Australia is guaranteed through open market trade agreements.
The Companies Act 1993 governs the creation of a company. These can take the following form:
- Partnerships – Limited Partnership regime is governed by the Limited Partnership Act 2008.
- Joint Ventures
- Foreign Branches
The most common form of entity for foreign investors is the limited liability company.
Beginners guide to Service Level Agreements: important information & Q&A
SLAs are a critical component of any outsourcing and technology vendor contract. Beyond listing expectations of service type and quality, an SLA provides remedies when requirements aren't met.
Crypto currencies becoming increasingly overly regulated as governments impose more guidelines
Crypto currencies have exploded in popularity in recent years, thanks to innovation in block chain, the distributed ledger technology underpinning those virtual tokens such as bitcoin. That has led to a red-hot fundraising trend where start-ups are pulling in millions of dollars in capital by issuing virtual coins to investors in exchange for money.
Initial Coin Offering, definition and regulation
Initial Coin Offerings (“ICO”) have gained increasing attention by crypto currency users, the media and the regulators. The rising price of Bitcoin, one of the most widely known and used crypto currencies, along with fraud scandals in different countries, have raised attention by the public and concern by the regulators. It is important for us that our clients and our professional team understand crypto currencies and ICOs to be able to make intelligent and well-informed decisions.
Seychelles IBC Act 2016: Action for all companies required
The requirement to file and maintain a list of Directors and Beneficial Owners for all Seychelles companies or International Business Companies “IBCs” registered under the International Business Companies Act 2016 has been introduced to as a way to increase the transparency of all Seychelles international businesses for tax and money laundering purposes
Passport schemes: countries that allow foreign nationals to acquire citizenship through investment
There are many factors that influence an investor to obtain a second citizenship in another country. Aspects such as relocation, retirement, security or even long-term plans for future generations are all benefits and considerations in the prospectus for investment. Several countries now offer this option through different investment schemes.
The Tier 1 Investor Visa: are the UK government checking candidates' source of wealth? Evidently not..
One of many legal disputes resulting from the recent infamous Kazakhstan BTA bank fraud case has shed new light on a little-known immigration scheme colloquially known as the golden visa scheme and officially called a Tier 1 Investor visa in the UK; the scheme grants investors residency in exchange for spending £2m in UK bonds or shares through a bank, with applicants eligible for to remain indefinitely, with full citizenship after five years.
EU release list of tax havens & blacklisted jurisdictions for the first time
In an attempt to recover the approximate 600B euros lost within various EU countries to tax evasion schemes each year; the European Union has released its first official blacklist naming 17 jurisdictions that have failed to meet international standards of implementing sufficient regulations and transparency measures.
A beginners guide to filing capital statements in Cyprus
This article details a beginners guide to capital statements; what to include in them, what the figures mean and how to understand and interpret them; avoiding common pitfalls many individuals experience along the way with filing their own.. Capital statements (also referred to as wealth statements) are similar to profit & loss sheets for a company except capital statements are typically used to measure and record an individual’s finances using an official document accumulated on differing dates.