Incorporate A Company in New Zealand

Some of the Requirements That You Should Have to Comply With to Incorporate a Company in New Zealand

When you plan to incorporate a company in New Zealand, you must have done your research very well. But if you haven’t, legalizing a company in New Zealand requires that you first create an online account and preserve a company business name. When you’re filing an online application to incorporate a company, you’ll need to have set a RealMe login, and an online services account with the Companies Register.

Requirements to Follow When Registering a Company in New Zealand

Before reserving the company name, you must first ensure that the name meets all the necessary standards. The moment you’ve reserved your company name you have an allowance of 20 working days to complete the incorporation process. You’ll pay a fee of NZ$10.22 for the name reservation
It’s important to check that you have all the right information before starting your online application. This will involve you creating a summary of your company concerning the number of directors, shareholders, and shares available. Make it necessary that each of the directors and shareholders has signed and returned a consent form under the stipulated 20 working days.
You may be aware that to incorporate a company in New Zealand you must provide details of your company’s contacts including addresses for your registered office, email address, and correspondence. You’ll, therefore, be able to receive your company’s certificate of incorporation and any forthcoming correspondence through your email.
It’s no doubt that every company has directors to run the management affairs. To incorporate a company in New Zealand, you must have a minimum of one director and each director must submit their full legal name and residential address. Again, your company should have at least one shareholder and submit their personal details concerning the total number of shares held by each shareholder, name, and address among other details.

In New Zealand, a Limited Liability Company is a predominately common form of the company structure. Registration is done through the New Zealand Companies Office (NZCO) for a nominal fee. Besides name approval and submitting company’s documents to the relevant authority, it’s imperative to ensure that you’re tax compliance. Tax registration which is a mandatory requirement sets you right with the Inland Revenue Department (IRD) and granted an IRD number and registered for Good and Services Tax (GST).

If you’re foreign, you can incorporate a company in New Zealand under the Branch office or a subsidiary company. In this case, you’ll be required to submit the name of the overseas company, complete details of the directors, full addresses, place of business of the overseas company and the address of the one national of New Zealand authorized to receive service of documents in NZ. Finally, remember to apply for the business license for your company from the relevant authority.

For more information and assistance on setting up a company in New Zealand, please contact us, 3E Accounting will provide you with the best service.