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NEXUS TRUST (NEW ZEALAND) LIMITED

Office: Level 5, 68 Shortland Street, Auckland 1010, New Zealand
Postal: PO Box 1789, Auckland 1140, New Zealand
Email: newzealand@corpag.com , Tel: +64 9 401 7315, Fax: +64 9 401 7317

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NEW ZEALAND

INTRODUCTION

New Zealand is situated in the South Pacific Ocean about 2,000 kilometers south-east of Australia and is comprised of two main islands and a number of smaller islands. In the mid 19th century New Zealand became a British colony and to this day both its political institutions and legal system strongly reflect their British heritage. The population is now approximately 4 million.

POLITICAL

The head of state in New Zealand is Queen Elizabeth II represented in New Zealand by the Governor General. There is a Westminster style parliamentary democracy with general elections every three years. The New Zealand parliament is based in the capital city of Wellington. The country has a history of continuous political stability.

LEGAL

The legal system is the common law system derived from England. New Zealand law includes statutes enacted by Parliament and the common law derived from court decisions. There is a four-tier court hierarchy comprised of the District Court, the High Court, the Court of Appeal and the Supreme Court of New Zealand. The New Zealand judiciary has a proud record of being one of the most independent and sophisticated judiciaries in the world. This judicial independence remains a constitutional cornerstone of the New Zealand legal system.

ECONOMY


New Zealand has a modern industrialised economy and a solid reputation for sensible economic management. At the same time government policies actively encourage and support business development and innovation. The country’s major trading partners are the United States, Australia and Japan. Exports range from traditional agricultural produce such as meat and wool to innovative computing technologies and financial services. New Zealand has a well established reputation for economic integrity. Independent surveys regularly list it as one of the least corrupt countries in the world. New Zealand is a member of the World Trade Organisation as well as the OECD and many other international trade and political organisations.

The largest city and the commercial centre is Auckland. The currency is the New Zealand Dollar (“NZD”).


A FINANCIAL CENTRE OF THE 21st CENTURY


New Zealand offers an enviable mix of modern financial infrastructure, legal and political maturity, and a facilitative tax environment for persons wishing to do international business.

It has:
• state of the art business, communication, banking, legal and accounting infrastructure;
• a stable and secure political environment;
• a mature legal system that includes well developed law in relation to both companies and trusts;
• a strong judiciary; and
• a zero or low tax environment for New Zealand non-residents working through appropriate structures.

It is the combination of all these qualities that distinguishes New Zealand as an exceptional and durable financial centre.

 

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