| LLC | LTC | PLC | LLP | FSP | Branch Office | Rep Office | |
|---|---|---|---|---|---|---|---|
| Local Name | Limited Liability Company | Limited Trading Company | Public Limited Company | Limited Liability Company | Financial Service Provider | Branch | Representative Office |
| Company Setup Time | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days |
| Bank Account Opening | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days | 5 days |
| Government Grants Available | Yes | Yes | Yes | Yes | Yes | No | No |
| Government Contracts Bidding | Yes | Yes | Yes | Yes | Yes | No | No |
| Limited Liability | Yes | Yes | Yes | Yes | Yes | No | No |
| Client Required to Travel | No | No | No | No | No | No | No |
| Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry | Inquiry |
Corporate Structure Explained
New Zealand Limited Liability Company (Closed Limited Company)
- An LLC needs a shareholder, a director and a paid-up share capital of US$ 1. The director must be a resident of New Zealand or Australia. It is the perfect choice for a foreign corporation to register a subsidiary. The registration process is quick and can be completed in one week.
- Once the set up is completed, audited financial statements and tax returns need to be submitted annually. The LLC is required to pay a corporation tax of 28% on net profits.
New Zealand Public Limited Company (open limited company)
- An open limited company is similar to a closed limited company and can be done simply by issuing new shares in the articles of incorporation of the company. The corporation tax is also 28% on net profits
New Zealand Limited Partnership
- This entity can be registered with two partners, one of which must be a general partner. Who will have unlimited liability for the partnership’s losses. A corporate business can be appointed as a general partner to ensure that the beneficial owner(s) still have limited liability. Other ‘ limited ‘ partners are liable only for their contribution to the partnership.
- Partnerships are tax-transparent entities. However, all earnings are subject to income tax, when distributed to the partners. They require an annual tax return to be filed.
- Its also possible to register a foreign partnership. Unlike limited partnerships there is no requirement to appoint a general partner if it has one resident representative.
New Zealand Branch Office
- It is required to provide the local administration, a registered address and a resident administrative agent.
- Branches must file audited annual reports, which include both their branch and the holding company’s accounts.
New Zealand Representative Office
- A representative office in New Zealand cannot carry out any direct revenue-generating activities. However, it is authorized to conduct market research and promote the business of the parent company.