What is a New Zealand Foreign Trust?
A New Zealand Foreign Trust is a trust entered into by a non-resident Settlor with a New Zealand Resident Trustee for the benefit of non-resident Beneficiaries, where no income is earned in New Zealand.
New Zealand Foreign Trusts are increasingly being used as an alternative to a tax haven trust for clients located in most places in the world. Properly planned, it can offer excellent tax efficiencies.
What is a trust?
In common law jurisdictions such as New Zealand, a Trust arises where a property has a legal owner and a beneficial (or real) owner. ...