New Zealand offers a unique combination of an 'offshore' tax regime for trusts (trusts administered by a New Zealand trustee and with no New Zealand resident settlor or beneficiaries are not subject to New Zealand income tax on their non-New Zealand sourced income) combined with an "onshore" international profile (a member of the OECD and the WTO, not on any black list compiled by the OECD or FATF, not on any black list operated by the tax authorities of any jurisdiction).
Due to this combination, New Zealand offers opportunities for clients who in the past may not have been able to use traditional offshore centres. New Zealand has no capital gains, inheritance or capital transfer taxes and a network of double tax agreements are in place with the major trading nations.
New Zealand offers many of the same features as Cayman, Guernsey and Jersey, which can be attractive to private clients and their advisors. It has a well developed and internationally recognised and respected legal system based on English common law and equitable principles, modern trust legislation, political and financial stability, highly developed banking systems, telecommunications and travel links.
For a full list of contacts in each of our offices and practice areas, please visit the People section of our web site and select from the appropriate criteria.
For further information about our associated trust company in New Zealand, please contact Marcus Leese in our Guernsey office in the first instance.
