Advantages to be licensed in New Zealand
New Zealand is recognized as a premium jurisdiction for the following reasons:
- There is no minimum capital requirement.
- It provides the all advantages of all traditional financial centres and is recognized as a true onshore financial centre which is not blacklisted by any jurisdiction or authority in the world.
- It is not perceived by O.E.C.D. as a harmful tax jurisdiction and has no connotations as a tax haven.
- It is a member of the O.E.C.D. and World Trade Organization.
- New Zealand is a member of the British Commonwealth, English is the main language, has a common law system, and the majority of legislation including trust law is founded on British law.
- It is not a member of the EU and is not influenced by the EU Savings Tax Directive and any future developments (should they be extended to apply to companies or trusts).
- It is a signatory to the 1922 Hague Convention and can provide Apostilled documentation as well as Notarized documentation.
- In today’s troubled and unstable times New Zealand is considered a safe location and offers long term security. It has a Westminster style Government and together with its administration, is stable and competent.
- New Zealand has a well-developed infrastructure, including a progressive and robust economy, efficient telephone and internet services, competitive and frequent air travel, experienced reliable professionals serving global clients with trust and company requirements which include legal opinions on tax, trust and company matters, and has reliable internet global banking services.
- New Zealand repealed its entire Banking Act in 1995 and thereby facilitated free entry into the business of financial services.
- If financial services are not offered to the public in New Zealand, the requirements of prospectus, supervisory trustee and investment statements as set out in Part II of Securities Act 1978 do not apply.