What conditions do New Zealand companies need to meet for registration?

New Zealand company registration procedure

The procedure for registering a company in New Zealand is as follows:

1. Register and save the company name.

The enterprise name needs to be registered online, but before that, you must ensure that the selected name is not used. So the name of the company should be different. The company has at least one shareholder and one director and a registered office.

2. Get the New Zealand business number

Next, you will get the New Zealand Enterprise Number (NZBN). It is a unique logo of the enterprise and can help others who cooperate with you.

3. Submit the company registration application form

The application form is submitted to the relevant authorities together with supporting documents. The application will be processed by the department responsible for company registration in New Zealand.

4. Obtain the company registration certificate

If the application and documents submitted are approved by the department, the department will issue a company registration certificate.

5. Obtain VAT registration

After completing the registration procedure, obtaining an income tax and GST license or certificate from the Inland Revenue Department is a necessary condition for doing business in New Zealand.

It should be noted that after the company is registered, whether it has started to operate or not, whether it is an overseas company, it is required to submit an annual return to the company registry every year. This is not a financial statement, but an annual update of the company's public information, including the company's address, directors' information, changes in shares, etc. If the annual review is not completed in time, the company will be forcibly cancelled by the company registration authority.