A special purpose vehicle (SPV) is a company incorporated to meet certain specific or temporary objectives. A company can act as a special purpose vehicle, if it is incorporated using governing documents that specifically state this purpose for its functioning.
Our team can help investors open a SPV in New Zealand by observing the requirements of the Infrastructure Funding and Financing Act 2020, as well as other applicable laws and regulations.
The general process to open a company in New Zealand follows several mandatory steps and preparing the governing documents is one of them. By working with our team, investors can make sure that these documents are prepared according to the conditions for the special purpose vehicle.
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The special purpose vehicle is a legal entity usually incorporated by another company that will be used for a certain objective, such as minimizing financial risk. The parent company will not be fully liable for the debts and obligations of its New Zealand SPV, therefore, the latter can continue to function in the event in which the parent company goes bankrupt.
The main conditions apply to those who open a SPV company in New Zealand:
Investors who wish to open a SPV in New Zealand and need to discuss their options for structuring this type of company can reach out to our team.
We specialize in a wide range of New Zealand company formation matters and can answer questions hot only about SPVs, but also about offshore companies or subsidiaries in NZ.
The Special Purpose Vehicle is a separate legal entity created according to the company incorporation rules in New Zealand and, therefore, according to the Companies Act of 1993. Below, our team summarizes the most important conditions required to start a business in New Zealand:
The taxes that are generally applicable to New Zealand companies, and which can also apply to an SPV, depending on its objectives, are the following:
Some of the main laws and regulations that concern SPVs have been implemented in New Zealand so that the establishment and the operating of the special purpose vehicles does not create tax volatility. When the option to open a SPV in New Zealand is taken into account, investors can find out more about the relevant laws from our local company formation experts.
Our team can help investors open a company in New Zealand that will be structured to meet the objectives of a special purpose vehicle.
Contact us for additional information if you wish to open a SPV company in New Zealand.