Does your company have a New Zealand Director?
Tax Alert - April 2015
All companies incorporated in New Zealand on or after 1 May 2015, will be required to have at least one director that either lives in New Zealand; or lives in Australia and is a director of a company incorporated in Australia.
All New Zealand companies incorporated prior to 1 May 2015 have a grace period until 28 October 2015 to appoint at least one director that either lives in New Zealand; or lives in Australia and is a director of a company incorporated in Australia.
Additional information will now be required when filing annual returns also:
- The date and place of birth of all directors (this information will not be made public).
- Details of any ultimate holding companies if applicable
The changes were enacted last year in order to strengthen the company registration rules and to minimise the chance of offshore interests misusing the New Zealand company incorporation process to engage in criminal activties overseas.
April 2015 Tax Alert contents