How to Start a Business in New Zealand

New Zealand is a thriving nation with innovative, creative individuals doing exciting and new things in the world of business. As a country that encourages foreign investment and influence, in order to provide a better quality of living for its citizens, New Zealand relishes the idea of business-minded individuals entering the local market.

Here, we discuss some of the most important things to consider if you’re wondering how to start a business in New Zealand as a foreigner.

Applying for a business visa

If you are planning to move to New Zealand and start a business, the first thing you must do is apply for and acquire an appropriate visa via the country’s Immigration department. Without this documentation, it is illegal for you to carry out business in New Zealand in any capacity. Click here to see the options.   

Come up with a business structure

After acquiring a visa, your next step is to develop a reliable and strong business structure, and a business plan. This helps show whether your business will be viable and is a necessary procedure when applying for property, leases and bank accounts, and meeting other legal requirements. Baker Tilly Staples Rodway experts can assist with financial modelling and advising on the most practical and effective business structure for you.

Set up a RealMe Login

RealMe is a username and password system that is used extensively by government organisations throughout New Zealand. It gives you access to things such as tax information, and business regulations.

Create a business banking account

It is a legal requirement to have a New Zealand business bank account to conduct business in this country. The team at Baker Tilly Staples Rodway are experts in helping foreign businesses set up in New Zealand, and can help you with this process.

Business accounting in New Zealand

Our trusted and experienced team of accounting and advisory experts can provide practical, tailored solutions for the best tax and operational outcomes, whatever the size of your business.

We can help with income taxes, GST, withholding taxes, business structure, customs procedures, non-resident withholding taxes, PAYE, non-resident contractors tax and more, as well as financial considerations for short-term operations. We also offer auditing services, human resources, business advice and transaction assistance.

If you’d like more advice on how to set up and establish a successful business in New Zealand, contact the team online or call Baker Tilly Staples Rodway on +64 9 309 0463.