NEW ZEALAND FOREIGN TRUST OVERVIEW
A New Zealand Trust, which is settled by a non-resident Settlor and which has no New Zealand sourced income, is not liable for tax in New Zealand. Neither the Settlor, nor the trustee, nor beneficiaries (providing the beneficiaries are non residents) are liable for New Zealand tax.

If New Zealand sourced income is received, then tax is due only on this New Zealand portion of income. A New Zealand registered Corporate Trustee is formed to act as the sole trustee for the trust. World trading will provide tax free income in New Zealand.

The Corporate Trustee has a different function from a trading company or corporation, which is the commonly used structure in other jurisdictions. The Corporate Trustee owns assets and operates the business in a trustee role on behalf of the trust and its beneficiaries. This trust can in turn own the shares or business assets in any existing or newly formed offshore companies, or own the assets directly.

HOW TO INCORPORATE YOUR
NEW ZEALAND FOREIGN TRUST
PROPOSED STRUCTURE

(a) Incorporation of a Special Purpose Company to act as the Trustee on the New Zealand Trust, as the Trustee must be a NZ resident individual or corporation;

(b) Incorporation of a New Zealand Foreign Trust;

Considerations as to the NZ Trustee Company and the NZ Trust
If properly structured, a New Zealand resident company can operate as a tax free offshore company.

New Zealand resident companies are usually taxable. A New Zealand Special Purpose Company, however, which is structured as the Trustee of a non-resident (Offshore) New Zealand Trust is not taxable. The Trust and its beneficiaries are also non-taxable, except on income with a New Zealand source.

If the New Zealand Company and Trust have no connection to New Zealand, the complete structure is non-taxable in New Zealand. The company owner and Trust beneficiary may be the same person.

We usually provide a New Zealand corporate nominee shareholder and a personal nominee Director. The reason for this is that if more than 20% of the shares or a majority of Directors are resident outside New Zealand then the company has to produce annual audited accounts that are filed with the company annual return – client’s option and decision.

A New Zealand trust that is settled by a non-resident Settlor and which has no New Zealand sourced income, is not liable for tax in New Zealand. Neither the Settlor, nor the Trustee, nor Beneficiaries (providing the beneficiaries are non residents) are liable for New Zealand tax.

NEW ZEALAND
TAX PLANNING STRUCTURE

STEP 1
INCORPORATION OF A COMPANY LIMITED BY SHARES
”A SPECIAL PURPOSE COMPANY”
TO ACT AS THE TRUSTEE FOR THE NEW ZEALAND TRUST

INCORPORATION FEES
Registration and Processing fees for a Company Limited by Shares - Euros 1,850.00 (*)
Preparing and drafting Memorandum & Articles of Association – Euros 325.00
Provision of Registered office in New Zealand, as legally required – Euros 1,250.00/annual
Set up fee – Euros 50.00
Provision to cover post charges – Euros 200.00
Provision of Local Company Secretary, as recommended – Euros 350.00/annual
Provision of Nominee Shareholder – Euros 450.00/annual (**)
Provision of Nominee Resident Director – Euros 2,250.00/annual (**)
Certified and Apostilled Power of Attorney in your behalf, to provide you control of this Trustee Company and, subsequently over your own Foreign Trust - Euros 650.00 (**)
Government Incorporation fee – Euros 60.00
Annual maintenance fees – Euros 1,250.00/annual (***)
Opening of an Offshore Corporate Bank account – General Disbursements - Euros 870.00
One extra copy of certified and apostilled statutory documents for bank account opening purposes – Euros 375.00
Hand Plier Company Seal – Euros 75.00
DHL delivery of documents – Euros 70.00

(*) This price includes all documents duly CERTIFIED and APOSTILLED
(**) We usually provide a New Zealand corporate nominee shareholder and a personal nominee Director. The reason for this is that if more than 20% of the shares or a majority of Directors are resident outside New Zealand then the company has to produce annual audited accounts that are filed with the company annual return – client's option and decision; In case you decide to appoint yourself or an Offshore Company for this office, above fees will not be applicable.
(***) 1st year fees will be payable together with incorporation fees.

STEP 2
INCORPORATION OF A NEW ZEALAND FOREIGN TRUST

INCORPORATION FEES
Registration and Processing fees - Euros 2,250.00 (*)
Preparing and drafting Trust Deed – Euros 425.00
Provision of Registered office in New Zealand, as legally required – Euros 1,250.00/annual
Set up fee – Euros 50.00
Provision to cover post charges – Euros 200.00
Certified and Apostilled Power of Attorney in your behalf - Euros 650.00 (**)
Government Incorporation fee – Euros 60.00
Annual maintenance fees – Euros 1,250.00/annual (***)
Opening of an Offshore Corporate Bank account – General Disbursements - Euros 870.00
One extra copy of certified and apostilled statutory documents for bank account opening purposes – Euros 375.00
Hand Plier Company Seal – Euros 75.00
DHL delivery of documents – Euros 70.00

(*) This price includes all documents duly certified and apostilled;
(**) We usually provide a New Zealand corporate nominee Trustee. The reason for this is that if a majority of Directors are resident outside New Zealand then the company has to produce annual audited accounts that are filed with the company annual return – client's option and decision;
(***) 1st year fees will be payable together with incorporation fees;

ANNUAL FEES
The Annual Fees are concerned with the following services:
Annual Statutory Fee, which includes:
- local incorporation agent to provide all services relating company and Trust matters (registered agent facilities);
- filing statutory returns with official departments, required, to keep the Company and Trust in Good Standing;
- Liaison with the registered office and the registered agent in the jurisdiction of incorporation, attending to the payment of the Annual Government License Fees and other government fees;
Annual Compliance Fee, which includes:
- attending to routine compliance matters (inclusive of periodic file reviews), reviewing official correspondence received and other routine matters incidental to good corporate governance;
- Processing and Return Filing with Internal revenue, Registrar of Companies, and other official departments

FULL SERVICED VIRTUAL OFFICE
IN NEW ZEALAND
HIGHLY RECOMMENDED FOR A MATTER OF CREDIBILITY AND IMAGE
(OPTIONAL SERVICE)
Exclusive telephone number in NZ, Auckland - Euros 1,200.00/annual (*)
Set up fee – Euros 150.00
Provision to cover call diverting costs to your number outside New Zealand – Euros 500.00
Provision of exclusive fax line in NZ, Auckland – Euros 1,200.00/annual
Set up fee – Euros 150.00
Provision to cover fax re-forwarding – Euros 200.00
(*) Callers will dial - and pay for - a local Auckland number and you can answer the incoming call anywhere in the world.

WORLDWIDE CORPORATE BANK ACCOUNTS
International Recommended banks:
ABN AMRO, Hong Kong
Alliance Leicester Commercial Bank, UK
Anglo Irish Bank, Vienna, Austria
AP Anlage & Privatbank AG, Switzerland (Group Parex Bank)
Atlantic International Bank, Belize
Baltikums, Latvia
Bank of Bermuda Ltd (owned by HSBC), Bermuda
Barclays Bank, Isle of Man and Gibraltar
Credit Suisse, Zurich, Switzerland
FBME Bank Ltd, Cyprus
First Caribbean International Bank, in Turks & Caicos
Lloyds TSB Bank, Isle of Man and Jersey
Loyal Bank, St Vincent & The Grenadines
National Bank of New Zealand, Auckland
NBC Nuevo Banco Comercial, Uruguay, Montevideo
Parex Bank, Latvia
Provident Bank, Belize
Rietumu Bank, Latvia
Standard Bank, Isle of Man, Jersey and Mauritius
Amongst others

If either of these banks or jurisdictions to set up your corporate bank account suits you, we shall be very pleased to assist you.

Our Services before you deal directly with the bank by yourself:
Independent advice to help you to choose the right bank
Support regarding due diligence requirements
Assistance with filling in the required forms
Provision of properly legalized corporate documentation where applicable
Recommending you to the bank based on your individual profile and due diligence documentation
Representing you before the bank in the course of account opening

REMARKS
(a) If extra legalization and/or corporate documents are required by the bank, additional fees apply;
(b) Bank own account opening fees and costs (if any) will be charged from the first deposit to your account;
(c) Bank fees and costs are not included into our bank introduction fees;
(d) Any of the banks above always have their final word, after due diligence processed, by accepting you or not as their customers, depending on their on evaluation; however, you are always free to open your company’s bank account by yourself, with some other bank of your selection;

DISCLAIMER
(1) The above description is not an offer or soliciting to provide financial services of any kind inclusive but not limited to buying any security or investment product or receiving an investment advice from us. Bank fees and account opening terms inclusive due diligence requirements are subject to change from time to time without notice;
(2) After the account has been opened you deal directly with the bank by yourself, entirely at your own risk and at your sole discretion; we may not be responsible for any changes in the legal or financial status, requirements, fees and commissions of the aforesaid Banks;

DELIVERY OF DOCUMENTS
We can either dispatch the documents to you by DHL or any other express courier, if a faster delivery service required.

HOW TO START INCORPORATION PROCESS
As to start the incorporation process, we only need an email from you, with your order, confirming the required optional services, if any. A Proforma invoice will then be delivered to you with our banking coordinates so that you may settle the payment by swift wire bank transfer.

TIME REQUIRED TO GET YOUR COMPANY AND TRUST NAMES APPROVED
Same day or next day latest

TIME TO INCORPORATE
Considering also the time to certify and apostil all documents, plus courier delivery, you can count on approx. 2 weeks to have all documents delivered to you, duly certified and apostilled.

In case you may have any further matter or question to clarify, please don't hesitate to contact us, before taking your decision.

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NEW ZEALAND OFFSHORE FINANCIAL INSTITUTIONS
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