What are the requirements for applying for a New Zealand company?

1. Registered address: The registered address of the company must be a local address in New Zealand?

2. Registered capital: The minimum registered capital of the company is NZD 65,438+000, and there is no need to verify the registered capital.

3. Shareholders and directors: A registered company only needs one shareholder and one director. Shareholders can be natural persons or legal persons, but directors must be local residents of New Zealand.

4. Identification certificate: shareholder, passport and address certificate, which need to be translated into English.

5. Share distribution: formulate share distribution documents.

6. company name: the company name must end with Limited or ltd.

7. Business scope: The business scope is generally unrestricted, and it can be registered as long as it is legal and basic.

If the registration process goes smoothly, it will take about 10 working days to register a New Zealand company. If the materials are not prepared adequately, the progress of registering a company will slow down.

The main taxes in New Zealand are income tax and goods and services tax, and income tax also includes withholding tax. There are no capital gains tax, gift tax, stamp tax and inheritance tax in New Zealand, so it is quite beneficial to plan asset allocation in New Zealand.

So how do you file tax returns in New Zealand? Whether it is a tax individual in New Zealand or a company operating in New Zealand, as long as there are tax acts such as employment, goods and services transactions in New Zealand, they must have a tax number for income tax declaration or tax refund.

How to apply for New Zealand tax number IRD?

1. Before handling the tax number, the applicant needs to open a legal New Zealand bank account.

2. Fill in the tax number application form. Form IR742 is applicable to overseas New Zealand residents and overseas people without permanent residency in New Zealand. Otherwise, use form IR595.

3. Copy of identity certificate, passport home page and visa page.

4. proof of address, bank statement with the applicant's name and address, water and electricity bills and other documents issued by institutions.

5. Valid bank account certificate, original savings cards of ANZ, Bank of Australia, KSB, Bank of New Zealand and other banks, or bank statements.

6. When handling, you should prepare the original and photocopy, download the IR742 form and fill it out according to your personal information.

It usually takes 5- 15 working days to handle the tax number. After the application is completed, IRD will send a small card to the applicant according to the mailing address filled in the application form of IR742.

Matters needing attention in New Zealand tax number application

1. Employees and employers who can't work in New Zealand without the New Zealand tax number will be severely punished once IRD finds out that they have "non-tax financial behavior", which sometimes has a great impact on individual visas. Therefore, whether employees or employers, working within the framework prescribed by law, paying wages and paying taxes in full is the best way to obtain legal protection in New Zealand.

2. Overseas people refer to New Zealand citizens who have been overseas for three consecutive years or more, or who do not have a PR visa issued by the New Zealand Immigration Bureau, or who have a PR visa, but have been overseas for 12 months.

As long as it meets any of the above three items, it will be classified as an overseas person when applying for the New Zealand Tax Number (IRD #), and it is necessary to use the overseas tax number application form IR742.

3. Whether the applicant is a New Zealand tax resident or not can decide whether the overseas income can be temporarily exempted from New Zealand income tax. If my family and I have never lived in New Zealand, overseas income does not need to be taxed in New Zealand.

Need to remind everyone that New Zealand's tax control system is very strict. If you do business and invest in New Zealand, you must pay taxes truthfully. If you falsely report or file an incorrect tax return, once you are targeted by the New Zealand Taxation Bureau, you will face a high fine, which will affect your personal visa more seriously. If the entry is restricted, it will not only affect the normal operation of the company, but also affect the reputation of individuals and companies.

New Zealand company maintenance

1. financial report: the company must prepare financial reports every year.

2. New Zealand company tax number: apply for company tax number and sales service tax number (GST) at the tax bureau.

3. Annual review of New Zealand companies: Limited liability companies and joint stock limited companies according to the New Zealand Company Law shall submit annual review reports and participate in the annual review of companies.

At the time of annual settlement, overseas companies need to submit financial statements and audit reports, and local companies registered in New Zealand also need to submit financial statements and audit reports if they are listed companies that issue shares or companies that meet the scope of large companies. If you want to know whether your registered company needs to submit financial statements and audit statements, you can check it on the company registration management website.

The definition of New Zealand as a big company;

1. The company's annual turnover exceeds USD 20,000,000, and the company's assets exceed USD10,000,000;

2. The company has more than 50 full-time employees;

3. If a company meets any two terms within the scope of a large company, it needs to submit financial statements and audit statements. Audit statements need to be signed by professional certified public accountants to verify the authenticity of financial statements.

It should be noted that every year after the company is registered in New Zealand, whether the company actually operates or not, the company must be audited annually. Otherwise, the company name will be deleted from the company list of the Ministry of Economic Development. Annual tax filing is a complicated professional work, which requires hiring professionals to complicate matters related to tax filing, and accountants who can file tax returns reasonably can fundamentally save tax costs for the company.