Comparison of Trust Jurisdictions: New Zealand, BVI, Jersey

1. ABACONDA MANAGEMENT GROUP
Office 3, 556 Cameron Rd,
Tauranga South, Tauranga, 3112,
New Zealand
PO Box 13645, Central, Tauranga,
3001, New Zealand
+64 9 88 9 2277
info@abaconda.info
www.abaconda.info
Comparison of Trust Jurisdictions
As an accounting and taxation firm specializing in providing ongoing services to international clients
operating New Zealand business entities on the international marker, we are often asked to offer
our insight into the benefits of New Zealand Foreign Trusts over other similar business structures
that are available in different jurisdictions.
We believe that a New Zealand Foreign Trust can be a perfect solution for the requirements of many
clients. But understandably, each business situation holds its own intricacies, and without consulting
with the client we cannot issue absolute advice, but this table should give a reader some indication
of the potential benefits of using a New Zealand Foreign Trust.
Neither this brochure nor our website provides neither tax, nor legal or accounting, investment or any other professional advice. Please do
not confuse the information given in our brochures, websites and communications with a professional consultation. This brochure should
not be construed as a solicitation or offering of any service by Abaconda Management Group Ltd.
© All rights reserved. Abaconda Management Group Ltd.
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2. NEW ZEALAND BRITISH VIRGIN ISLANDS JERSEY
OECD member nation Yes No No
Onshore jurisdiction, which never was Yes No No
blacklisted (greylisted)
Government approval Not required In some cases In some cases
Public registration No No No
Government fees None None None
Trust duty None $100 None
Taxation A New Zealand Trust which is settled by a non resident A BVI Trust which is settled by a non A Jersey Trust which is settled by a non
is not subject to New Zealand tax, except on incomes resident is not subject to BVI tax, except resident is not subject to Jersey tax,
derived in New Zealand. on incomes derived in BVI. except on incomes derived in Jersey
Number of Trustees One trustee min One trustee min One trustee min
Resident Trustee required Yes Yes Yes
Provision for a specialised Custodian Trustee Yes No No
Provision for a specialised Advisory Trustee Yes No No
Provision for a specialised Managing Trustee Yes No No
Protectors permitted Yes Yes Yes
Trustees required to keep records and Yes Yes Yes
accounts
Trustee should hold annual meeting At least once a year At least once a year At least once a year
Private trustee company Yes Some restrictions Some restrictions
Provisions for Trading Trusts Yes. The Trustee Company can participate in trading No No
operations for and on behalf of the Trust, with the
same tax advantages as the Trust