Located in the southwestern end of the Pacific Ocean, New Zealand is an island country. Known for its high standard of living as well as its economic stability, New Zealand could be the perfect place for you to register your company. As a foreign national, company registration in New Zealand should pose no difficulty.
Perhaps it would be best to share a little bit of New Zealand’s history before we begin discussing the company incorporation process.
After its independence from the British in 1946, New Zealand strove to improve, especially as they had suffered greatly during the great depression. Now, their efforts seemed to have paid off and New Zealand always tops the ranks as one of the world’s most developed countries to live in. Moreover, New Zealand is also a highly liberal nation, giving way to much economic freedom as well as freedom to live as one wishes. New Zealand’s society is also full of friendly and liberal people- who are generally happy to welcome new faces. Therefore, if you’ve ever had any doubt about acclimating to New Zealand, we hope this dissipates them.
Before you set up your business in New Zealand, it is always a good idea to first take a step back, and think about your business plan. What kind of company would you like to register in New Zealand? It is always good to analyze the potential market for your product- who are you marketing it to? What gap in the market would you like to fill in. Are you certain your product will be able to garner enough attention to turn over a profit? Have considered what physical place is best for your company’s registered office?
In a recent survey it was revealed that these were the top three cities for New Zealand business start-ups:
While these three cities are the busiest, it is important to do more research and select the area that would be beneficial for your company.
So many things to think about! If you’re feeling doubtful about your company registration- do contact us! Here at S&F Consulting, we specialize in business consultation and are officially registered agents in New Zealand. As such, we are qualified to act on your behalf for whatever task that needs completion. So, in the meantime, you may just sit back and relax. Maybe even enjoy some Hangi (A traditional Maori dish made by slow cooking meat seasoned with vegetables in an oven underground?) as you wait.
Steps toward company registration in New Zealand
The best part of registering your company in New Zealand is because you have the option of doing it online. Here is the link for online registration. It is to be noted that you will need to have at least one director and one shareholder in order for you to be approved.
- Step 1- Company name
Before setting up your business in New Zealand, you will need to create an account.
However, in order to register for an account, you will need a RealMe® login if you don’t have one already. This process is relatively simple and will require the following details to create an account:
- A username
- A password
- Your contact details
- Three security questions with corresponding answers.
You may create an account here.
After your register for your account with your RealMe® id, you may proceed to selecting an appropriate name for your company. This name has to be unique and not similar to any other company name.
You may conduct a name search on their website. The cost for the name search and reservation will be $10.
This process may take up to 20 days in order to be confirmed.
- Step 2- Provide details
Next, you will need to collect the following details to make your application online.
For this you will need details such as the following:
- Your name
- A copy of your passport
- Your bank statements
- A consent form signed by your director and shareholder.
You will also need details of your company:
- Phone number
- Official email address
Now you will need to register for the following:
- The Inland Revenue Tax
- The Goods and services tax (GST)
- Registration as an employer
Next, you will have to register the following:
- All your directors
- All your shareholders and what how many shares they hold
- Now you will have to file for a date to publish your annual returns.
Finally, to conclude this step, you will need to submit your company constitution: That is your company’s articles of association.
- Step 3- Submitting your application online
Now that you have all relevant documents collected, you may submit your application form online. You will then receive a form that each individual director/shareholder of your company will have to sign. After you have collected the signatures, you need to submit these on your account as well.
- Step 4- Receiving certificate of Incorporation
Finally, in order to collect your certificate of incorporation, you will need to submit proof of payment of $150 as a registration fee.
- Step 5- Filing for amenities
Before you can officially get your business registration license, you will need to file for the following amenities:
- Health and safety permit
- Regional council permits
- Insurance policies
- ACC levies
Now that everything is submitted, it is only a matter of time before you can begin to conduct business in New Zealand.
Frequently Asked Questions
How much will the process to register my company cost?
The company registration fee is $150, however there will be an additional fee of $10 for a name search and reservation.
How long will it take?
It may take upwards of 20 working days for you to receive your certificate of incorporation.
Why should I choose S & F Consulting?
Here at S & F Consulting, we are a professionally certified business consulting firm. If you’re a foreign national looking to register your company in New Zealand, we assure you, we can simplify the process for you!