1. Tax Planning Advantages
New Zealand Look Through Companies are regarded as “tax transparent” by the New Zealand Inland Revenue Department for the purposes of tax assessment.
The tax transparent status of the New Zealand Look Through Company means that the entity is not taxed at the corporate level, as it is not regarded as having any of its own incomes or expenses.
The profits raised through the activities of the New Zealand Look Through Company are seen as belonging to the owners of the company, and are “passed through” to the individual shareholders in the same proportion as their capital contributions.
Since the New Zealand government does not apply taxation to “non-residents’ foreign sourced incomes”, the shareholders will not be liable to face New Zealand taxation on the distributions if they are non-residents and the incomes were raised through activities outside of New Zealand.
2. Quick Incorporation
New Zealand Look Through Companies can start operating within days of us receiving your application for New Zealand Look through Company registration.
New Zealand Look Through Companies are standard New Zealand companies which have applied for and received “Look Through Company” status from the New Zealand Inland Revenue Department.
New Zealand Look Through Company registration consists of two steps:
- The initial New Zealand Company registration
- The New Zealand Look Through Company election
The first step in the New Zealand company registration process can be completed within two days of us receiving your order and documents.
The second step may take up to two weeks, but once the Look Through Status is granted, it will apply from the day that the company was incorporated.
3. Cost Effectiveness
New Zealand Look Through Companies are relatively cheap to register, and a full breakdown of our New Zealand Look Through Company registration prices and services can be found on our Schedule of Fees.
4. Ease of Use
New Zealand Look Through Companies operate just like standard New Zealand Companies, and are easy to explain to clients and other professionals outside of New Zealand.
Unlike Trusts or Foundations, New Zealand Look Through Companies are recognized in all jurisdictions which recognize New Zealand companies, and do not face any problems due to omissions or ambiguity in legislations.
5. Good reputation
While New Zealand Look Through Companies can be used by international investors and entrepreneurs to effectively plan and optimize their international tax obligations, the entity does not suffer the sort of negative reputation often associated with traditions offshore finance jurisdictions.
New Zealand is an OECD country with a stable economy and a well equipped business infrastructure, and is often well ranked on international studies of living and business standards. The New Zealand government actively encourages foreign investments, and takes positive steps to implement and comply with international business standards.
To begin registering your New Zealand Look Through Company, proceed to our New Zealand Look Through Company registration page or contact us to talk to one of our consultants now. For more information on registering a New Zealand Look Through Company please watch our video below.