New Zealand - Corporate Compliance
Under New Zealand company law, annual returns must be filed within six months of the end of the accounting period. Reporting requirements depend on the nature of the company, but extend to financial performance, audit report and accounting policies.
The nature of the filing can also depend on the composition of the shareholding. New Zealand resident companies are required to have their financial statements audited in the following circumstances:
- If more than 25% of the shares are owned by foreign shareholders
- If any company issues securities by way of public offering (e.g. debentures, shares)
- Unless 100% of the shareholders unanimously agree by resolution not to have an audit.
Pearse Trust has experience of advising overseas investors on meeting their compliance obligations in New Zealand.