NZ Company with No Resident Directors

Question

Please advise the repercussion where all the shareholders and directors of a NZ company are non resident for tax.

Answer

All New Zealand companies must have at least one director who lives in:

• New Zealand, and has been physically present in NZ for a total of more than 183 days in a 12 month period, or

• Australia, and who is a director of a company incorporated in Australia.

If there is no NZ director the company could be struck off the Companies Register.