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The New Zealand Foreign Trust is the ideal solution for
clients who understand and are comfortable with the trust
concept and who are not interested in the regular offshore
jurisdictions.
New Zealand is a member of the OECD, WTO, World Bank, Asian
Development Bank & the South Pacific Forum and is highly
respected. It has a highly developed infrastructure, is
politically and economically stable and independent. Its
legal system is founded on English common law and equity.
The Trust is an integral part of the legal system, and has
been widely considered and reviewed by the courts. But most
important: New Zealand is not regarded as a tax haven, and
is not listed on any tax blacklists compiled by the OECD or
FATF, nor on any blacklists compiled by tax authorities of
any other jurisdiction.
Products
New Zealand Foreign Trust
Advantages
All foreign source income is exempt from New Zealand tax,
whether it is accumulated or distributed to non-
resident beneficiaries
No capital gains tax or wealth tax
An impressive array of double tax agreements
Privacy of information. Only the name of the trust and the
name and contact details of the NZ trustee
have to be disclosed. There is no filing of information on the settler
or beneficiaries (unless Australian
residents are involved), no disclosure on trust property or income derived
outside NZ and no requirement
to file trust financial statements with any public authority.
Flexible trust administration. Management and investment
functions can be carried out by persons other
than the NZ trustees, such as the custodian trustee and the
advisory trustee. This provides for separate
trustees in clearly defined and independent roles, thereby offering
statutorily endorsed flexibility to
fiduciaries, private banks and professional firms, who want to
utilize NV trusts for their clients, whilst
simultaneously retaining administration of the trust.
Asset protection & succession planning. The New Zealand
bankruptcy laws and other statutes, provide
significant asset protection benefits to trustees of the NZ trust.
Contact details
Corpag Services (New Zealand) Trust Ltd.
41 Shortland Street, Plaza Level, P.O. Box 1194,
Auckland 1015,
New Zealand
Email:
newzealand@corpag.com |
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