A: New Zealand is the member of OECD and also a member of FATF which represent New Zealand enjoys the highest reputation among all the international financial centers.
Since New Zealand enjoy steady Economic growth as its main source is agriculture which has steady market demands all over the world. While on the same time, as a developed country, New Zealand banking system is very strict and has low risk in bankruptcy.
Q:What are the most popular financial products in your jurisdiction? How can they protect the interests of investors?
A:The New Zealand Trust, and mostly with PTC and LTC structure is very popular. Since New Zealand Trust can split different character of the trust which provide additional flexibility while protecting the beneficiaries interest on the same time.
Q:What kinds of professional financial services (trust & foundation/corporate structure) can your jurisdiction provide? What are your existing clients from China? What potential clients do you want to attract from China and how?
A:In short, all, New Zealand is good in trust and certainly can provide corporate structure the same time. Most our clients are entrepreneur, most of them may have international business or considering immigration. We will keep on attract these kind of potentials in China at the moment.
Q:As an offshore financial center, what are you going to do in terms of balancing the need for more transparency with the need to protect the privacy of clients?
A:New Zealand is keeping on amending Laws to keep our structure up to date. As a OECE member and also a member of FATF, we are very careful on keeping transparency, for example you can check all the company info from website anytime. For a Company in Business, it is very fair and normal to disclosure the company information to anyone who might business deal with the company. However, once it comes to family assets protection, concerning family wealth confidential. It will be more appropriate to use New Zealand Trust. As the Trustee responsibility in New Zealand is also strict, Client can have full privacy unless it involving any criminal problem, then it will takes 18 months to disclose the information upon New Zealand High Court order.
