Most jurisdictions impose heavy regulation on the banking sector and entry requirements are often designed to discourage the establishment of new banks. One refreshing exception is New Zealand, a highly respected jurisdiction with a modern legal framework and rated the most business friendly nation in the world by the World Bank in 2005. Banking services can be offered in and from New Zealand by different types of entities, including but not limited to Registered Banks, Finance Companies, Credit Unions and Building Societies. We focus on the New Zealand Finance Company which is not subject to supervision by the Reserve Bank of New Zealand and yet entitled to offer banking services to its individual and corporate customers worldwide. With your own banking business you are legally able to engage in activities such as:

·        Deposit taking and lending

·        Offering of securities

·        Issuing of financial guarantees

·        Cash management services

·        Payment services

·        Current accounts

·        Checking accounts

·        Savings accounts

·        Term deposits

·        Certificates of deposit

·        Wire transfer services

·        Credit and debit card services

·        Marketing investments

·   

We offer a complete service package including:

·        Finance Company entitled to offer financial services

·        Certified Company documents and Company seal

·        Registered office and resident agent

·        All relevant government filings

·        Registration of securities

·        Approved Issuer Status

·        NexorOne® Online Banking System

·        Eurowire® membership and setup fee

A new Finance Company can be legally formed and registered in as little as 72 hours (not including additional government filings). A Company name can usually be secured within 12 hours. The Company is required to have a minimum of one director and one shareholder. Directors and shareholders can be of any nationality and resident anywhere in the world. The Finance Company cannot offer securities to the public of New Zealand without a registered prospectus, a supervisory trustee and the use of investment statements as per the requirements of Part II of the Securities Act 1978. The Finance Company is not subject to such requirements if services are offered to clients outside New Zealand only.

The annual tax rate on reported profit is 33%. In addition a 2% levy is paid by the Finance Company on interest payments made to non residents of New Zealand. Taxes can be minimized by adding an additional offshore entity to the structure which would be used to invest funds from the Finance Company. Please contact us for further information about requirements and detailed pricing. We can also offer already registered entities available for immediate delivery.

Formation cost starts at USD 39,000.00.

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