Time Frame for establishing a new ready to operate OFC: 4-6 weeks
Minimum number of directors required: 1
Minimum number of shareholders required: 1
Annual audited report required: Yes
Local registered office and agent required: Yes
Tax on reported company profit (if any): 30%
Approved Issuer Levy (on interests paid to customers) 2%
Formation & Registration
New Zealand registration of a Finance Institution, establishing the entity that may legally carry on the business of banking and financial services. Includes Certificate of Incorporation and Constitution.
A locally manned Registered Office that maintains statutory registers such as for shareholders, directors and directors certificates.
Support and documentation service for transactions such as appointment and removal of directors, issue or acquisition of own shares and distributions/dividends that require special procedure and care.
Making required filings with the Companies Office such as the Annual Return and after the issue of shares.
Finance Institution Compliance Manual that includes chapter on company law.