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New Zealand: Offshore Trusts Guide

Legal Framework and Formation Rules and Fees

New Zealand is not offshore, and it is not even considered a ‘low-tax’ country. Nonetheless, New Zealand is one of the world’s major trust jurisdictions, and estimates for the number of trusts formed in the country, which stand anywhere between 250,000 and 400,000, bear testament to this.

It is probably because of, rather than in spite of, its membership of the OECD and its status as a ‘reputable’ and ‘tax cooperative’ jurisdiction that this growth has taken place in the trust sector, with many governments now discouraging taxpayers from setting up offshore investment structures in one form or another. The country’s proximity to a growing reservoir of personal wealth in the Asia-Pacific region has also fuelled demand for New Zealand trusts, while its common law legal framework also appeals to investors in the UK and North America.

 

To Read more, please visit the Offshore Trusts Guide website

 

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