Background: We are ex-pats in the UK and want to set up a (NZ?)company to manage our rental properties. We eventually plan to come back to NZ.
Setting up a 'foreign-owned' NZ company (we are non-resident in NZ) means we are subject to an annual audit = adding an few extra thousand in costs.
Is it possible to have a NZ company owned by a NZ family trust (with us as Trustees and us & our children as Beneficiaries) and avoid the label of being 'foreign-owned'.
Any other suggestions on how to best structure ourselves would be most welcome.
Cheers
Rob
Setting up a 'foreign-owned' NZ company (we are non-resident in NZ) means we are subject to an annual audit = adding an few extra thousand in costs.
Is it possible to have a NZ company owned by a NZ family trust (with us as Trustees and us & our children as Beneficiaries) and avoid the label of being 'foreign-owned'.
Any other suggestions on how to best structure ourselves would be most welcome.
Cheers
Rob

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