New Zealand
Business Expansion
made easy.

Why New Zealand?

New Zealand holds high-value growth opportunities for international businesses and investors. Consistently recognized as a stable, transparent business climate, New Zealand has a highly developed open economy with a free-floating currency, stable political system, strong legal and judicial institutions, plus a government committed to growth and innovation.

Under its Business Growth Agenda (BGA), New Zealand aims to build a productive and competitive economy, focusing on the key inputs businesses need to generate economic growth, create jobs, enhance productivity and achieve greater diversification: export markets, investment, innovation, skilled and safe workplaces, natural resources, and infrastructure. While the agriculture sector remains the largest industry in the country, GDP growth is also driven by mining, manufacturing, construction, tourism, financial and technology sectors.

World Bank's Doing Business Report has ranked New Zealand as number one out of 190 countries for ‘ease of starting a business’ based on time and costs to meet government requirements across a number of indicators, including ‘starting a business’, ‘registering property’ and ‘paying taxes’. New Zealand also offers strong infrastructural support for entrepreneurship and hosts a vibrant start up community.

New Zealand has a highly globalized economy and depends greatly on international trade. Party to a wide range of free trade agreements worldwide, New Zealand an ideal base for expansion into and across the Asia Pacific region.

Doing Business in New Zealand

Most business activity is carried out through limited liability companies. Tax is relatively high compared to other markets in the region, but several credits and incentives exist to promote the inflow of foreign direct investment. Headline rates that are all-encompassing make the tax system easy to navigate. Consideration of trusts can help to maximize tax efficiency.

Our independent experts understand the local New Zealand market and all its associated legal, financial and regulatory compliance requirements. With our in-depth and detailed local knowledge, we are well-equipped to deliver the appropriate solutions in a timely manner.

Doing Business in APAC Region

Tricor in New Zealand

Tricor in New Zealand offers bookkeeping, accounting, payroll, company secretarial, and tax compliance services. As well as resident director services. Our other value-added solutions include virtual Chief Financial Officers (CFO), process and collateral agents, escrow and trustee services.

In 2021, Tricor Group fully acquired NZGT Holding Company Limited (NZGT Holdings) together with its wholly owned subsidiaries, The New Zealand Guardian Trust Company Limited (Guardian Trust) and Covenant Trustee Services Limited (Covenant).

Guardian Trust and Covenant have long histories in the provision of fiduciary and corporate trust services and hold a strong market share in their core product lines, in terms of both appointment numbers and funds under supervision. Having operated in New Zealand for over 125 years, Guardian Trust and Covenant are recognized as the leading providers of corporate supervisory and trustee services in New Zealand with over NZ$250 billion in funds under supervision.

How We Can Help in New Zealand

Foreign companies seeking to set up in New Zealand can free themselves entirely from the burden of accounting, tax and regulatory compliance by engaging Tricor to manage bookkeeping, accounting, payroll, company secretarial, and tax compliance. Tricor also offers New Zealand resident director services with individuals who are experienced, independent and qualified by the New Zealand Institute of Directors.

Both Tricor companies, Guardian Trust and Covenant specialize in providing supervisory services in the following financial products:

  • Managed investment schemes – including unit trusts, superannuation, restricted superannuation schemes, KiwiSaver, proportionate property ownership schemes and forestry partnerships
  • Debt securities – including secured and unsecured, unsubordinated or subordinated bonds or capital or convertible notes and non-bank deposit takers
  • Retirement villages

Guardian Trust also provides corporate trustee services for additional financial products or for specialist roles in wholesale capital markets, including:

  • Escrow services – usually on settlement of merger & acquisition transactions
  • Securitization & structured finance
  • Security trustee & facility agent roles – including debt restructuring
Learn more about Guardian Trust, a Tricor Company
Learn more about Covenant, a Tricor Company

The qualities that set us apart from other providers are:

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Expertise

We have specialist knowledge and industry-leading people across all product types.

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Service delivery

We strive to ensure responsiveness, availability, accessibility and consistency of service across team members and engagements.

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Relationship management

We develop high-functioning relationships with regulators, clients and potential clients, while ensuring that we act in investors’ best interests.

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Commercial & risk awareness

We strive to understand all products, our clients’ business, as well as the broader business environment in which they operate.

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Fairness & independence

We offer prudent judgement, are fiercely independent, and will consistently and unfailingly discharge our fiduciary duties in a fair and proper manner.

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Innovation

We are flexible and willing to evolve to support new products, changing business environments and technologies.

As the leading business expansion specialist in Asia, Tricor provides the building blocks for, and catalyzes every stage of your business growth. Tricor is well positioned to unlock the potential of your business in New Zealand, and help your company stay one step ahead of today’s diverse and fast evolving regulatory environment.

Independent Security Trustee & Facility Agent Services
Role of Statutory Supervisor

Services Offered

Related Blog Posts

Tricor Group Completes Acquisition of NZGT Holding Company Limited, A Leading Corporate Trustee and Fund Supervisor in New Zealand with NZ$250 billion in Funds under Supervision

Nov 29, 2021

Tricor Group Signs a Sale and Purchase Agreement to Acquire NZGT Holding Company Limited Expanding Corporate Trust Business and Broadening APAC Footprint Covering New Zealand

Jul 12, 2021