About the country
New Zealand has become a very popular destination for Forex brokerages due to the relatively small barriers to entry and its access to the Asia-Pacific area. In the past it was possible for companies wishing to offer FX services in New Zealand without even having an office in the jurisdiction. This is due to the fact that appearing on New Zealand’s Financial Service Provider register (FSPR) is not the same as being regulated in New Zealand allowing firms based in other countries to gain FSPR status.
About Licensing Body ( New Zealand’s Financial Service Provider register (FSPR).)
Introduced back in 2010, the Financial Service Providers Register has given unregulated OTC brokerages and new start-ups the opportunity to gain credibility and accrue customer confidence without facing the significant regulatory barriers to entry which are present in many other developed first world countries. This has been in part made possible by New Zealand’s move to repeal its entire 1995 Banking Act. This is not to say that there are no laws governing the provision of financial services but rather New Zealand is a unique proposition in the sense that is possible for an international firm to be registered in the country without any minimum capital, qualification or supervision requirements.
Our Process for New Zealand Forex Company Formation
- Registration of a Financial Services Company in New Zealand
- Licensing as a New Zealand Financial Services Provider
- New Zealand Dispute Resolution Scheme Membership
- Establishment of a Physical presence in New Zealand
- Assisting opening Company Business Account
Advantages of incorporating a Company in New Zealand
- 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.
- 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.
From the Client
- Certified true copies of passports.
- Address proof
- Bank reference letters for the persons to be the proposed directors and individual shareholders.
- Legal incorporation documents for corporate shareholders.
- 1. trademark applications, IP Agreements and Domain Name Registration;
- 2. website preparation as well as the preparation or review of any other marketing material.
- 3. assisting with the purchase and negotiations for an MT4 server or any other trading platform required
- 4. assessment, review or testing of the entity’s proposed trading platform;
- 5. assisting with the implementation of Know Your Customer (“KYC”) processes or other compliance procedures.
Company Formation in 2 Days