Category Archives: International Business

Tips for Choosing Suitable Container Shipping Services

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Whenever international shipping services are used to transport goods from one place to another, one also has to look out for costs effective services available in the market. Current market scenario has established a new set of companies that are offering shipping services as per the requirement of the clients. Huge number of companies is offering solutions without compromising with the safety and the security of goods.

Rates at which shipping services are rendered depend on various parameters associated with the shipping. One has to keep in mind all the associated peripheral activities to bring down the cost incurred on shipping. Container shipping which is one of the major services used by most of the companies engulfs list of activities which attracts different charges at different levels.

The rates for transportation of goods depend on the container shipping Services Company which has either fleet of container ships or is associated with major shipping lines of the world. The rates of these container shipping depends on the season and over the traffic at the particular time period. Major shipping lines have dedicated container vessels which run on specific routes and a term agreement of the shipping services company with such company helps to decrease the cost drastically.

The rates of services are also affected by the port traffic and ports which attract major commercial cargo. Moreover most of these shipping lines have to work on fluctuating currency base across nations which also affects the shipping rates.

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Requirements of a New Zealand Company Address

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New Zealand legislation is very clear in specifying the requirements for addresses of New Zealand companies. While the requirements are strict, they are easy to follow, and will take only small amount of effort by a Company to keep up to date.

New Zealand companies are required to have a Registered Address, an Address for the Share Register, a Records Address, an Address for Communication, and an Address for Service. There is nothing to say that these addresses cannot all be the same, however there are strict prohibitions against using postal boxes, mail centers, or so-called “virtual offices”.

The Registered Office for a New Zealand Company is where the company keeps its records, including:

  • The constitution of the company
  • Minutes of all meetings and resolutions of shareholders within the last 7 years
  • An interests register
  • Minutes of all meetings and resolutions of directors and directors’ committees
  • Within the last 7 years
  • Certificates given by directors under this Act within the last 7 years
  • The full names and addresses of the current directors
  • Copies of all written communications to all shareholders or all holders of the same class of shares during the last 7 years, including annual reports made
  • Copies of all financial statements and group financial statements required for the last 7 completed accounting periods of the company
  • The accounting records for the current accounting period and for the last 7 completed accounting periods of the company
  • The share register
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Information on Look Through Companies

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Being profitable in business is all about making the most of new opportunities, and this applies only more so to international business. Unfortunately, with international tax planning and business structuring, new opportunities do not arrive often, with the basic tools and structures having been available for years. However, the New Zealand government has recently opened such an opportunity, with the creation of New Zealand Look Through Companies.

New Zealand Look Through Companies (LTC) are a pass-through entity, meaning that they are ignored at a company level for tax purposes, as all the incomes or losses are “passed-through” to its shareholders. Instead of the company being subjected to corporate taxes, the transferred profits are the responsibility of the shareholder to declare on their own personal tax return.

For international investors the new opportunity means that if a New Zealand LTC is established and conducts business outside of New Zealand, and passes the raised profits to overseas shareholders, there will be no arising tax liabilities on the distributions in New Zealand. In effect, the LTC allows an international investor to operate a New Zealand business entity and face 0 percent taxes in New Zealand. As New Zealand is an upstanding member of the OECD and is not included on any tax “blacklists”, it could be very beneficial to establish a New Zealand LTC and enjoy its unique tax benefits.

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