A short description of the steps needed to open an LLC in New Zealand. For more details, contact us: https://newzealandcompanyformation.com/open-an-llc-in-new-zealand/.
1. Setting up an LLC
in New Zealand
A presentation brought to you by NewZealandCompanyFormation.com
2. Setting up a limited liability company is a
popular choice among entrepreneurs who
choose to open a company in New Zealand.
Investor’s choice
3. A limited liability company, or LLC, is a
type of business structure that
provides personal liability protection
for the company's owners.
Suitability
4. The owner’s personal assets are
protected in case the company faces
issues;
The limited liability company has legal
capacity.
Characteristics
5. There is no need to provide a minimum
share capital amount upon incorporation.
Minimum capital
6. A key step in the incorporation of an LLC in New
Zealand is reserving an available business name.
Once this takes place, the founders have 20
days to complete the incorporation.
Company name
7. The LLC has at least one shareholder and at
least one director who needs to live in New
Zealand (or Australia, in some cases).
Governance
8. Once the company name and its shareholding
structure are determined, the founders
prepare the LLC’s constitutive documents.
Company documents
9. A New Zealand LLC is registered with
the Companies Office. It is
automatically assigned a New
Zealand Business Number.
Registration
10. Once registered, the LLC will follow the
taxation and reporting regulations,
which can also include registering for
VAT purposes.
Taxation