Tag Archives: trust and estate law

ILN Today Post

Foreign Trusts in New Zealand

We are seeing an increase in popularity with the use of New Zealand foreign trusts being set up by nonresidents of New Zealand.   The principal benefits of using such a structure are:
• An aid to asset protection and succession planning.
• Flexibility.
• The confidential nature of a trust.
• The fact that New Zealand is a stable, onshore, whitelisted jurisdiction and is not regarded as a tax haven.
• The limited reporting requirements and compliance obligations.
• No tax being payable to the New Zealand Inland Revenue Department on foreign earned income. More…

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