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Formation of Company - Choose a Jurisdiction
United Kingdom Private Limited Company
Type of law Common
Shelf companies available Yes
Our time to establish a new company 1-8 days
Minimum government fee Not applicable
Corporate taxation 20% to 30%
Double tax treaty access Yes
Standard currency of share capital GBP
Permitted Currencies of Capital Any
Minimum paid up share capital £1
Usual Standard Authorised Share Capital £1,000
Directors or Managers
Minimum Number of Directors/Managers One
Local Directors Required/Permitted No
Government Register/Public Record of Directors/Managers Yes
Location of Directors/Managers Meetings Anywhere
Members
Minimum Number of Shareholders/Members One
Government Register/Public Record of Shareholders/Members Yes
Location of Members Meetings Anywhere
Company Secretary
Company secretary required Yes
Company secretary, local or qualified No
Accounts
Requirement to prepare accounts Yes
Audit requirements Yes, but small company exemption
Requirement to file accounts Yes
Publicly accessible accounts Yes
Other
Requirement to file annual return Yes
Change in Domicile Permitted Yes, but subject to approval of Inland
British Virgin Islands International Business Company
General
Type of entity IBC Limited
Type of law Common
Shelf companies available Yes
Our time to establish a new company 2 days
Minimum government fee US$300
Corporate taxation Nil N
Double tax treaty access No
Share capital or equivalent
Standard currency of share capital US$
Permitted Currencies of Capital Any
Minimum paid up share capital US$1
Usual Standard Authorised Share Capital US$50,000
Directors or Managers
Minimum Number of Directors/Managers One
Local Directors Required/Permitted No
Government Register/Public Record of Directors/Managers No
Location of Directors/Managers Meetings Anywhere
Members
Minimum Number of Shareholders/Members One
Government Register/Public Record of Shareholders/Members Optional
Location of Members Meetings Anywhere
Company Secretary
Company secretary required Optional
Company secretary, local or qualified No
Accounts
Requirement to prepare accounts Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No
Other
Requirement to file annual return No
Change in Domicile Permitted Yes
New Zealand Limited Company
General
Type of Entity: Limited Company
Type of law: Common
Shelf Company Available: Yes
Time Estimate to establish new company: 2 days
Min Govt fee excluding tax: NZ$50
Taxation on foreign income: Yes
Double taxation treaty access: Yes
Share Capital or equivalent
Standard Currency NZ $
Permitted currency only NZ $
Minimum paid up NZ$1.00
Usual authorised: not applicable
Directors or Managers
Minimum Number: 1
Local required: No
Publicly accessible records: Yes
Location of meetings: anywhere
Members
Minimum Number: 1
Publicly accessible records: yes
Location of meetings: anywhere
Company Secretary
Required: optional
Local or qualified: No
Accounts
Required to prepare: Yes
Audit requirements: yes if over 25% foreign owned
Requirements to file accounts:
Publicly accessible accounts:
Other
Requirement to file annual return: Yes
Change in domicile permitted: Yes

Other Services

Shareholders and Officers

We levy an annual fixed responsibility fee when we serve as shareholders or officers, such as directors, a company secretary or trustees. This fee will be dependent on responsibility, complexity and the experience and capacity of any officers or trustees that may be appointed. This fee is an annual fee for accepting an appointment and does not include administration work or time.

When we refer a trustee or corporate service provider as shareholder or director; if a non-UK corporate entity is supplied, this is a "separate business". It will not be regulated by the English Law Society and this firm will not susceptible to regulation for that entities actions.

The minimum annual fee for the appointment of directors is US$750 per annum, the fee is payable on the appointment and cannot be applied on a prorate basis. The minimum fee is rendered when the turnover or asset base of a company or trust is less than $2 million and the activities are simple and the transactions are few eg an investment holding company or the provision of consultancy services.

Accounting

When we appoint officers to an entity or provide trustees, we will prepare accounts and when appropriate arrange for an audit. In such circumstances, we levy a fee of US$450 to establish the books of account. Thereafter accounting work is charged on an activity/time basis or a one-off or recurring package fee. Companies owned as to 25% or more by non-NZ residents are liable to be audited in New Zealand. We are able hold the shares of a New Zealand private trust company as bare trustee to avoid this obligation.

Administration

When we undertake administrative, compliance or management work on behalf of client companies and trusts, we render fees based on:

  • One-off recurring package fees for administration and management
  • Activity/Time Charge Fees
  • Transaction Fees

Notes

We periodically recover disbursements.

When a corporation or trust is ‘terminated’ or transferred we levy a fee that is based on time, the minimum fee is US$500.

This quotation excludes and VAT, GST or sales taxes that may be payable.

All fees are due on presentation of invoice. No refunds are given after purchase. Trustee.net.nz reserves the right to amend its fee structure. Please read our fee schedule which contains more information.
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