New Zealand is a country with an extremely business friendly economic system. Banking, legal and accounting services are of very high quality and with modern communications through high-speed Internet, and telecom systems access is almost instantaneous. New Zealand is located halfway between Singapore and the USA (i.e. with overlapping business hours) and 12 hours ahead of Western Europe (10 hours in the New Zealand winter/European summer).
The main structure being used within the international business and investment world is the New Zealand foreign trust. Provided settlor and assets are outside New Zealand, the trust’s earnings are not subject to New Zealand tax. Since February 2017, all NZ foreign trusts must be registered with the Inland Revenue Department (IRD). We need to supply information that will allow the IRD to satisfy themselves that it does in fact fall within the parameters of a qualifying New Zealand Foreign trust and that there are no New Zealand tax liabilities. IN Fiduciary Services generally uses a dedicated private trustee company as trustee for each trust.
Despite the comprehensive and complicated process of compliance our company manages it with the respect to the privacy and ethnic norms.
New Zealand provides other interesting structures, the Limited Partnership (LP) and the Look-Through-Company (LTC). Both are of interest for international parties using the New Zealand jurisdiction.
The World Bank's annual “Doing Business 2020 report” put New Zealand in the first place for the ease of doing business. The Transparency International provides the Corruption Perceptions Index 2020 where New Zealand ranked as number one. Country ranking of the 2021 Index of Economic Freedom puts New Zealand on the second place behind Singapore.
All these are great advantages to choose New Zealand as a jurisdiction for the asset protection structures.