Ross Holmes Lawyers LP and its associated company New Zealand Offshore Trusts Limited establish and administer:
By using the latest technology (including trust and company administration and document storage software from ViewPoint), our fees are very competitive.
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The benefits of New Zealand as an Offshore Financial Centre
The benefits of New Zealand as an Offshore Financial Centre are:
If a New Zealand Limited Partnership (LP) carries on business solely outside of New Zealand, and has no New Zealand sourced income, non resident Partners of the LP have no New Zealand income tax liability, and do not have to file New Zealand income tax returns.
New Zealand tax laws allow a non resident settlor to establish a trust in New Zealand without exposing that trust, its trustees, or non-resident beneficiaries, to New Zealand taxation, providing it does not earn income in New Zealand and there is a quaifying resident foreign trustee. As there is no erosion of New Zealand's tax base, collection of tax will not be an issue as far as the New Zealand Commissioner of Inland Revenue is concerned: see New Zealand as a jurisdiction for Offshore Trusts
- No New Zealand taxes are paid by the Offshore Trust on offshore income which is trustee income or allocated to overseas resident beneficiaries.
No New Zealand tax reporting is required.
- The settlor of the Trust can establish a New Zealand private trustee company to act as trustee of the trust. New Zealand company law also provides a simple procedure for transfer of registration of the company to another country in the event of an emergency: see New Zealand as a jurisdiction for trustee companies.