Who are the Trustees?
The trustees control the assets held in trust. There is a requirement to have at least one New Zealand resident trustee to qualify as a New Zealand offshore trust. The cleanest way to achieve this is to incorporate a special purpose New Zealand company to appoint as trustee. You can suggest name preferences for the New Zealand company to us or we can select a name. A non-resident of New Zealand can own the shares and be the director of the New Zealand Company thus controlling the company and ultimately the New Zealand Offshore Trust. Where a New Zealand company has non-resident shareholders or directors that company must, in addition to the stated costs, pay for a statutory audited set of documents for submission to the New Zealand Companies Office. If the sole purpose of the company is to act as a trustee then these documents will reflect a nil activity report. Alternatively, ‘effective’ control of the company can be secured by purchasing an ‘option’ to buy the shares of the company w
