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Country: New Zealand Region: South Pacific Currency: New Zealand dollar Language: English Time Zone: (GMT+13) Phone Code: +64 Communications: Excellent New Zealand is a very business friendly country with strong professional services, common law and good company law and has a sound and fair tax system, in particular as it relates to taxation of offshore assets in relation to foreign trusts. For the second year in a row, New Zealand has claimed top spot in the World Bank Doing Business 2018 report for ease of doing business, ahead of 190 other economies. New Zealand is a wealthy Pacific nation dominated...

2015

Country:                    United States Region:                      Americas Currency:                  US dollar (USD) (US$) Languages:                English Phone Code:                     +1 Communications:      Very Good Suitable for: Insurance, Shipping, Aviation, Yachting, Trading Goods, Trading Financial, Intellectual Property/Licensing, E-commerce Vehicle Types: Limited companies, public limited companies, sole proprietorships, branches, general partnerships, limited partnerships and limited liability partnerships Capital primary business districts: Dakota, Delaware, Nevada Good Relationships: China, United Kingdom Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria Tax Burden - Business: Moderate Tax Burden - Individual: Moderate Headline tax rates: CIT 15%-39% (qualified personal service corporation 35%),...

CORPORATE & FIDUCIARY JURISDICTION 2015

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? As a member of the OECD, the WTO and FATF (among others), New Zealand is in a unique position compared to many of its peers.  This affords it a degree of protection from scrutiny which is perhaps not so often afforded to jurisdictions which might be termed 'offshore'.  It has a favorable tax regime, a robust book of legislation and is generally considered a stable jurisdiction in both economic...

CORPORATE & FIDUCIARY JURISDICTION 2015

New Zealand is a remote island country in the south-western Pacific, situated about 2,000 km south-east of Australia across the Tasman Sea. The country mainly comprises two islands – the North and South islands. Its population is around 4.25m. New Zealand is a parliamentary democracy and a British Commonwealth realm. The chief of state is the British Monarch. John Key has been the Prime Minister since the November 2008 general election. Previously, New Zealand based its economy on the export of meat and dairy products to the United Kingdom. However, since Britain's membership of the European Union, New Zealand has...

2020

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? Most incorporation has been in relation to cross-border business rather than domestically focused operations. Over the last 18 months the number has increased by approximately 100%. 2. What is the single most important advantage your jurisdiction provides for Chinese clients? Probably the most important is the protection we offer the client. This is backed by strong legislation and courts that will take action when required by the client. 3. What is...

CORPORATE & FIDUCIARY JURISDICTION 2015

What is unique in your jurisdiction and why Chinese investors should form companies there? Vanuatu has an attractive residency and citizenship program especially designed for Chinese nationals. The program requires investing in Vanuatu and for that a company is normally needed. Vanuatu is a recognized stepping stone for investors seeking Hong Kong residency. Vanuatu has close relations with China and there is a flourishing and growing Chinese community in the two largest cities, but there is no crowding. Opportunity yes. The Chinese have been a welcomed nation of investors and already there are major Chinese investments in Vanuatu. Having an offshore...

JURISDICTION 2014

Executive Summary:Vanuatu is a group of tropical islands on the eastern seaboard of Australia, off the coast of Queensland, with a mostly Melanesian population of 258,334 (2012). The 80 islands are mountainous, and some are volcanic. There are international airports on the two main islands; most connections are to Australia. The islands had British/French governance until independence in 1980; languages are English, French and Bislama (pidgin). The time zone is GMT plus 11 hours. There is a uni-cameral Parliament with a Westminster-model Prime Ministerial government and an elected President. The legal system is based on English common law with some...

IMMIGRATION BY INVESTMENT JURISDICTION 2014

The Cook Islands achieves top rank in technical compliance following an Anti-Money Laundering/Countering the Financing of Terrorism Mutual Evaluation review. The Cook Islands has received one of the highest assessments in the latest Mutual Evaluation report and is one of two members of the Asia Pacific Group on regular follow up reporting. FSC Commissioner, Louise Wittwer, said the review was a significant achievement for a jurisdiction of this size and reflective of the very high level of commitment from the Cook Islands Government and Crown Agencies to ensure their anti-money laundering legislative framework meets international standards. The review culminated in...

PRIVATE & INTERNATIONAL BANKING REPORTS 2018