Company formation in New Zealand
Limited company
Legal minimum, year 1£2,094
Legal minimum, per year after£1,025
Typical year 1£5,244
Corporation tax28%Ease Banking
Every fee
Setting up
Government fee£69
About NZ$150NZ or Australian resident director£900 to 2,600
RequiredNominee service
Registered office£100 to 300
Required
Share capitalNZ$1
Time to form1 to 2 days
Running it, per year
Annual return£25
Required
NZ or Australian resident director£900 to 2,600
Required
Registered office£100 to 300
Required
Accountant£0 to 2,500
Practically needed
Legal minimum after year 1£1,025
Audit: Exempt for small companiesForeign ownersOne director living in NZ, or in Australia and a director of an Australian companyFully online, but resident director required
Tax28%Dividend withholding: 30% (15% by treaty)VAT/GST: 15% GST
BankingBig banks usually want the director present
SourcesPwC tax summary
Questions
- How much does it cost to set up a company in New Zealand?
- The legal minimum for the first year is £2,094, counting only what the law requires and doing every filing yourself. A typical first year, with an accountant, costs about £5,244. The government fee is £69 (About NZ$150). Share capital is not included.
- How much does it cost per year to run a company in New Zealand?
- The legal minimum after the first year is £1,025 a year. Running costs including optional and practically needed services range from £1,025 to 5,425. Audit: Exempt for small companies.
- Do I need a local director in New Zealand?
- Yes. One director living in NZ, or in Australia and a director of an Australian company.
- Can a non-resident form a company in New Zealand remotely?
- Yes. Fully online, but resident director required.
- What is the corporation tax rate in New Zealand?
- 28%. Dividend withholding: 30% (15% by treaty). VAT/GST: 15% GST.
- How long does it take to form a company in New Zealand?
- 1 to 2 days.
Elsewhere in Asia-Pacific
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