New Zealand FSP

About that Country :

Atrium Legal Lab is a leading international corporate and legal consultancy firm advising financial, institutional, business and private clients around the world. We are a full-service firm and our team of professional experts with high technical ability and wealth of experience differentiates Atrium Legal Lab as a leading international Legal and Corporate Business Consultancy firm.

Our local and experienced team provides the highest quality ongoing operation and management of the FSP, which is a requirement to operate and maintain the FSP status. We are offering our services to parties that want to operate a genuine business and we will become your local partner in New Zealand to provide a complete service in operating your FSP.

Advantage :

It provides the all advantages of all traditional financial centres, and is recognized as a true onshore financial centre which is not blacklisted by any jurisdiction or authority in the world.

It is not perceived by O.E.C.D. as a harmful tax jurisdiction, and has no connotations as a tax haven.

It is a member of the O.E.C.D. and World Trade Organization.

New Zealand is a member of the British Commonwealth, English is the main language, has a common law system, and the majority of legislation including trust law is founded on British law.

It is not a member of the EU, and is not influenced by the EU Savings Tax Directive and any future developments (should they be extended to apply to companies or trusts).

It is a signatory to the 1922 Hague Convention and can provide Apostilled documentation as well as Notarized documentation.

In today’s troubled and unstable times New Zealand is considered a safe location and offers long term security. It has a Westminster style Government and together with its administration, is stable and competent.

New Zealand has a well-developed infrastructure, including a progressive and robust economy, efficient telephone and internet services, competitive and frequent air travel, experienced reliable professionals serving global clients with trust and company requirements which include legal opinions on tax, trust and company matters, and has reliable internet global banking services.

New Zealand repealed its entire Banking Act in 1995 and thereby facilitated free entry into the business of financial services.

If financial services are not offered to the public in New Zealand, the requirements of prospectus, supervisory trustee and investment statements as set out in Part II of Securities Act 1978 do not apply.

There is no minimum capital requirement.

About that Regulating Body :

New Zealand has legislated for the fast and relatively uncomplicated creation of a corporation which can operate virtually in the same manner as a bank whilst avoiding the restrictive controls of banking legislation. Under the Financial Service Providers (Registration and Dissolution) Act 2008 (‘the Act’), a New Zealand company can be registered as a financial services provider.

This means that the company is effectively registered by the Ministry of Business, Innovation and & Employment to offer financial services or, in the words of the legislation, it becomes a financial services provider.

The 21st century has seen an escalating regulation of the banking industry whereby it has become increasingly difficult to obtain a banking license with increasing government controls and requirements.