
..that we have established two trust companies in New Zealand.
These have a board of directors comprising New Zealand residents
and representatives of the London and International offices of Rawlinson
& Hunter. This thus combining both comprehensive local administration
of New Zealand based trusts and the long experience of trust formation
and planning and administration of the partners of Rawlinson &
Hunter around the world.
New Zealand is an attractive alternative to the more established
centres for the administration of international trusts. Whilst it
is not an offshore tax haven but rather a full OECD member state,
it exempts from New Zealand taxation foreign trusts-whose settlors,
and beneficiaries are not New Zealand residents and whose income
is not derived from within New Zealand. There is no Capital gains
Tax or Estate tax.
New Zealand has a number of other potential attractions. It has
a fully developed trust law and excellent legal systems and professional
advisors. It is politically stable and remote from areas of conflict
in the world. It enjoys an expanding economy and, with modern means
of communication, it can be considered a stable, secure and tax
efficient trust centre. |