New Zealand Resident Directors to be obligatory

New Zealand legislation has been passed requiring New Zealand registered companies and limited partnerships to have a director who lives in New Zealand or who is a director of a company in a prescribed enforcement country.

A list of prescribed countries will follow as soon as this is available.  We suspect this will be limited.

We are waiting for the relevant provisions to come into force by Order in Council and will update you then.

There will be a further 6 month period for existing companies to comply with the resident director requirement.

Jones Law will be delighted to assist existing or new clients with the provision of New Zealand resident directors.

The above article is provided for general information purposes and does not constitute legal advice.

The partners at Jones Law are internationally qualified and practise in the areas of cross-border tax planning, estate planning and acquisition structuring.

We invite you to contact us at info@jones-law.co.nz to discuss your specific circumstances.

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