How to set up a foundation in New Zealand

1. Choose the appropriate foundation type: To set up a foundation in New Zealand, you can choose different types such as charitable foundations, trust foundations or community foundations, and choose the appropriate type according to your needs.

2. Confirm the name of the foundation: To choose an appropriate foundation name, you need to follow the relevant regulations of New Zealand.

3. Prepare foundation charter: Develop foundation charter to clarify the foundation’s purpose, operation methods, management organization, funding sources, etc.

4. Register the foundation: Submit the foundation charter to the relevant New Zealand government departments for registration and pay relevant fees.

5. Open a bank account: After successful registration, you need to open a bank account for the foundation for fund management and operation.

6. Tax registration: According to the relevant tax regulations of New Zealand, the foundation needs to register for tax and pay relevant taxes.