What are the requirements for setting up a company?
Anyone can setup a company in New Zealand providing the directors(s) and shareholder(s) are all aged 18 or over. There are no restrictions on shareholders, but to be a director the individual must not be an undischarged bankrupt or under a court order preventing them from being director (or effectively managing a company).
Overseas individuals are permitted to be directors, however there must be at least one director who is normally resident in New Zealand. However, there is an exception to this rule for Australian residents - if an Australian resident are themselves directors of an Australian entity, then they do not need to provide a resident director in New Zealand.
As part of the application, a 'registered office address' must also be provided. This must be a physical address within New Zealand and it's where the records for the company are kept. It can be a residence, business premises, or your accountant/solicitor's office.
Information provided on this website is of a general nature only and not legal advice. Please visit our disclaimer for further information.