Enjoying the favourable consideration as a non-tax haven / non-black listed jurisdiction, structures involving New Zealand often provide the top elements to a client's corporate group of international holding structures.
New Zealand 'Foreign' Trusts are a secure and effective estate planning structure for clients located anywhere in the world. Based upon certain territoriality principles, New Zealand 'Foreign' Trusts have become increasingly used as an alternative for trusts in zero-tax jurisdictions. Properly planned, New Zealand 'Foreign' Trusts can provide exceptional tax efficiency and be easily combined with other investment structures in high-tax jurisdictions.
The New Zealand 'Foreign' Trust offers the following major advantages: |
- Settlements by a non-resident Settlor are not subject to tax in New Zealand provided the settlement is not sourced from New Zealand
- Distributions to Beneficiaries who are non residents of New Zealand are not subject to tax provided that the income does not have its source in New Zealand
- Trustees of a New Zealand Foreign Trust are not subject to tax in New Zealand, apart from income earned in New Zealand
- An increase in the capital value of the New Zealand Foreign Trust's assets held offshore is not taxable as there is no capital gains tax in New Zealand
- The New Zealand Foreign Trust may utilise the benefits of New Zealand's Double Tax Agreements
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Amicorp New Zealand Ltd. provides all Group products and services. |
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West Side, Level 3
The Ferry Building
99 Quay Street
Auckland 1010
New Zealand
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Tel.: +64 9 304 2640
Fax.: +64 9 368 5452 |
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E-mail:
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newzealand
@amicorp.com |
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