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Sunday
Apr292007

The New Zealand Foreign Trust

New Zealand is the most under utilised of jurisdictions in “offshore” trust planning.

NZ provides all of the advantages and facilities of a traditional offshore financial centre, but is not blacklisted by any authority in the world, has no connotations as a tax haven, and is a member of the both the OECD and WTO. It is a member of the British Commonwealth and is a stable democracy with a bicameral parliamentary system.

NZ has a common law system, a trust code founded on English law, and a modern trust (the NZ Foreign Trust) designed specifically for use by non NZ residents and non NZ situs assets.

Further, New Zealand is not subject to the EU Savings Directives.

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