New Zealand financial Service Provider

[Offshore]

Financial Service Provider (FSP) in New Zealand can legally engage in activities and offer services such asbut not limited to):

* Deposit Taking
* Keeping, investing and managing money, securities and investment portfolios on behalf of third parties.
* Providing credit under a credit contract
* Operating a money or value transfer service
* Issuing and managing means of payment
* Giving financial guarantees
* Changing foreign currency
* Entering into or trading on an exchange, in an over-the-counter market or otherwise, the following on behalf of another person: money market instruments (including cheques, bills, certificates of deposits); foreign exchange (including forward foreign exchange contracts); derivative products including, but not limited to, futures and options; exchange rate and interest rate instruments, including products such as swaps and forward rule agreements; transferable securities; other negotiable instruments and financial assets
Banking Services

A New Zealand Financial Service Provider (FSP) is able to offer banking services worldwide without violating any international law. To offer this services the company must respect two easy conditions, which are offering to New Zealand residents and offering to retail customers.

[FreedomOffshore]

Services of an NZOFC or NZFC are NOT LIMITED to the following but include these activities:

1. Electronic current accounts

2. Deposit taking and lending

3. Debit and credit card services

4. Issuing of financial guarantees and instruments

5. Cash management services

6. Payment processing services

7. Fund management

8. Marketing of investment

9. Savings accounts

10. Term deposits

11. Wire transfer services

12. Ecurrency creation and exchange

[Offshore]

New Zealand Limited Partnerships

1. Formation

The NZ LP can be registered in just 24 hours upon submission of the required documentation to the Registrar of Companies.

5. Fiscally Transparent

The NZ LP is treated as a fiscally transparent entity for New Zealand tax purposes.

6. Taxation

An LP is not taxed at the partnership level; the NZ LP is regarded as a separate legal entity from its partners and the individual partners are each taxed on their share of the limited partnership's net income.

Provided the LP does not carry on business in New Zealand, any profits or gains made by the partnership will not be subject to New Zealand taxation assessed on the partnership itself.
7. Written Partnership Agreement

LPs must have a written partnership agreement.
There is no requirement to register the agreement.

8. Limited Partner – Public Registry

The name and the registered office of the general partner and limited partner is completed on the registration form required to register the Partnership.

However the details of the limited partner are not disclosed on the public registry.

9. Filing

a. Tax Return

The NZ LP must complete and file a joint tax return however this return is not available to the public.

Where the partners are non-New Zealand tax residents and there is no New Zealand sourced income, there is no requirement to file an individual tax return in New Zealand.

[Offshore]

The Financial Service Provider Register (FSPR) has registered 7,900 Financial Service Providers (FSPs) since the opening of the Register in August 2010. Any person or entity offering financial services in or from New Zealand must be registered in the FSPR.

FSPs can be used to offer financial services to clients of any nationality and resident anywhere in the world.
New Zealand FSPs engage in services such as (but not limited to):

a) a financial adviser service:
(ab) a broking service:
(b) acting as a deposit taker as defined in the Reserve Bank of New Zealand Act 1989:
(c) being a registered bank:
(d) keeping, investing, administering, or managing money, securities, or investment portfolios on behalf of other persons:
(e) providing credit under a credit contract:
(f) operating a money or value transfer service:
(g) issuing and managing means of payment (for example, credit and debit cards, cheques, travellers’ cheques, money orders, bankers’ drafts, and electronic money):
(h) giving financial guarantees:
(i) participating in an offer of securities to the public in either of the following capacities (within the meaning of those terms under section 2(1) of the Securities Act 1978):
(i) as an issuer of the securities:
(ii) as a promoter:
(ia) acting in any of the following capacities (within the meaning of those terms under section 2(1) of the Securities Act 1978) in respect of securities offered to the public:
(i) as a trustee:
(ii) as a unit trustee:
(iii) as a superannuation trustee:
(iv) as a manager:
(j) changing foreign currency:
(k) entering into derivative transactions, or trading in money market instruments, foreign exchange, interest rate and index instruments, transferable securities (including shares), and futures contracts on behalf of another person:
(l) providing forward foreign exchange contracts:
(m) acting as an insurer:
(n) providing any other financial service that is prescribed for the purposes of New Zealand complying with the FATF Recommendations, other recommendations by FATF, or other similar international obligations that are consistent with the purpose of this Act.