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New Zealand Foreign Trusts are similar to
a UK styled trust and common law based. They
require a offshore settlor, (for example an
offshore resident person or company).
We form and register for the client their own
corporate trustee (private trustee company)
to act as trustee. All income sourced offshore
from New Zealand is totally tax free. Any income
sourced from within New Zealand such as interest
earned on a bank account is taxable within New
Zealand. There are no capital gains taxes, inheritance
taxes or forced heirship applicable. Income
can be distributed to the beneficiaries, lent
on commercial terms to the beneficiaries or
retained by the trust.
New Zealand is a premium ”onshore” jurisdiction
which can provide all benefits of the traditional
“offshore” jurisdictions. It is not blacklisted
by any jurisdiction is a member of the OECD
but is not perceived as a harmful tax jurisdiction,
is not a member of the EU and is not influenced
by the EU Tax Savings Directive. Advantages
are available from in excess of 30 double tax
treaties. Click
here to read more about New Zealand Foreign
Trusts on NZ Securities |