New Zealand Company Registration
100000+
Happy Customer
100+
CA & Lawyers
10+
Offices
WhizSeed made our company registration a breeze! Their expert guidance and efficient process saved us time and effort. Highly recommended for startups!
- Aman Gupta
Choosing WhizSeed for our NBFC needs was a game-changer. Their in-depth knowledge and personalized solutions ensured a smooth and compliant operation.
- Akash Yadav
WhizSeed's compliance services have been a lifesaver for our business. They keep us on the right side of the law, allowing us to focus on growth with confidence.
- Sonam Malhotra
Rated at 4.9 By 50000 + Customers Globally
Our experts will help you with documentation
Then we will file the Incorporation file and submit
Once all the steps completed, you will get CoI.
khushi Online
New Zealand Company Registration
In New Zealand, businesses and companies get registered with the Companies Office. In other words, a registered business or New Zealand company registration has a unique identity and gets legally recognized by the government. New Zealand company registration or a business with the Company Office can be done online and is a simple process.
After registration, a unique 13-digit number called NZBN or New Zealand Business Number is assigned to the business. This number helps identify the business by other business and government agencies. This number is used for many other business-related activities like opening a bank account, GST registration and applying for government funding.
New Zealand company registration is advantageous as it includes the following benefits:
The documents required for New Zealand company registration are:
New Zealand company registration is handled by the New Zealand Company Office (NZCO). Business registration can be done through the following steps:
The first step of New Zealand company registration is to register the company name which can be done online or via paperwork. The company name has to be unique and must not be present in the New Zealand company register. The names of the companies that are in use can be checked in the New Zealand company register.
Reserving the company name has to be done with the Registrar of Companies which must have at least one share, one shareholder, one registered office, one director and an address of service. The company name can be reserved for up to 20 working days which charges a fee of $10.22.
A New Zealand Business Number (NZBN) is a unique identifier for the business and it links the information that the company employees or the people working with the company may need.
The constitution of a company includes the powers, rights and duties of a company, its director, its board and shareholders. However, it is not compulsory for a company with limited liability, a small business or sole traders to provide a company constitution.
Filing of the application form has to be done by the applicant and this can be done online. Authentic documents must be attached to the application form. After filing and submission, the form is processed and then an e-mail is received by the applicant with the consent form of its director and shareholders.
The forms and signatures must be obtained by the applicant and submitted to the NCZO office within 20 days without fail, otherwise the application may expire. The Incorporation Certificate is issued within a few minutes after sending the last consent form.
After the completion of the incorporation process, an Income Tax and GST licence or certificate must be obtained by the investor by the Inland Revenue and it is mandatory for doing business in New Zealand.
There are four major types of New Zealand company registration which are:
One of the most common and simple forms of business structure which is owned and operated by one person. This type of business is easy to set up and manage and the owner has full control of the business. This requires no double taxation.
Sometimes, managing a sole proprietorship can become difficult due to unlimited liability, no differentiation between personal and business assets and even raising the capital also becomes difficult.
When a business is owned and operated by two or more individuals, then such a business structure is called a partnership. Partnerships are of two types: general partnership and limited partnership.
A partnership is easy to set up and manage as the responsibilities and decision-making are shared and there is no double taxation. But when any conflict arises between partners in their respective points of view, then it might be difficult to handle.
Some other difficulties may arise due to unlimited liability for general partners and limited liability for limited partners.
Such entities have separate legal existence from their owners and are of two types: LLCs or Limited Liability Companies and ULCs or Unlimited Liability Companies. A company has limited liability and raising capital for a company is easier. However, it is a more complex business structure to set up and manage and is subject to double taxation.
It is a legal arrangement that includes a person called a trustee who holds assets on behalf of another person called a beneficiary. This type of business structure can be used to protect assets. This has a flexible ownership structure and can avail tax benefits. A trust can be complex to set up and manage and expensive to maintain.
The cost of New Zealand company registration is relatively low. This might cost around $200 in total for most of the businesses. The breakdown of the cost of New Zealand company registration is stated below:
New Zealand company registration is a simple procedure and advantageous in many ways. Setting up a business in New Zealand is relatively low with the help of Whizseed. New Zealand company registration involves registration and reservation of a business name, obtaining a NZBN, providing a company constitution, filling out the application form and obtaining an Income Tax and GST license. If you choose our services for New Zealand company registration we will help you out from beginning to end with good customer support services.
