EDGE Magazine | Q3 2011


Illustration : The Dreamy Businessman by vivalaboppicion | Devianrt.com


The New Zealand Government has recently introduced a new company regime which came into effect on 1 April 2011.


Officially the new type of company is referred in the legislation as a "look through company". This is perhaps unfortunate as it may give the impression that it is a company in which the corporate veil of limited liability is somehow compromised. However, readers can be assured that the moniker is simply a reference to the fiscal transparency of the entity.


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It is expected that the new regime will further enhance New Zealand's credentials as a jurisdiction for international wealth structuring (holding assets which are not situated in New Zealand for the benefit of people who do not live in New Zealand).


New Zealand is already well established in providing tax neutral legal architecture through the use of New Zealand "foreign" trusts and limited partnerships. However, one of New Zealand's points of difference is that it is an OECD member jurisdiction and therefore distinct from "offshore" financial centres which offer similar solutions. New Zealand is also well positioned in time and space to the rapidly growing Asia-Pacific region.


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