GT Group Offshore 

1.      Offshore Seminars September / October

We are pleased to confirm that Ian Taylor will attend an offshore taxation expo in Tallinn, Estonia on September 17 & 18, followed by a special conference in Budapest, Hungary on 24 September, and finally an offshore seminar in Kiev, Ukraine on October 2nd. Ian will also make a visit to Riga. If you are located in one of these cities and would like to make arrangements to meet with Ian, please let us know as soon as possible so we can arrange the appropriate arrangements.

If you would like details regarding the Seminars in Tallinn and Kiev, please contact Ian at Ian@vanuatu.com.vu.

2.      NZ Virtual Office Service

Due to demand from clients, we have set up a new NZ Virtual Office for NZ companies at fantastic rates. The basic package includes the following services and is available for less than USD10 per week.

·         Physical Address for courier

·         Postal Address for mail

·         Auckland Fax / Voicemail number

·         Email address

If you would like more information, please contact us at GTGroup@vanuatu.com.vu.

 

3.      NZ Incorporator Caution

We are becoming increasingly fully aware that there are several other companies providing NZ incorporations by misleading people into thinking that the company has been set up in a legally tax free way. In some cases there are breaches of the Companies Act apparent where an Auditor has not been appointed (even though foreign ownership is greater than the 24% level). In other cases clients are being sold ordinary companies with no Constitution as being Financial Institutions. We see incorrect name usage. We see websites making false claims on Licensing. We see an Asian company making false residence claims in connection with Registered Office and place for service of documents.

We have recently been contacted by a number of professional clients who are asking to change these companies to our services as they have learned that they were in breach of NZ regulations. Unfortunately, we are not able to take on most of these companies as to do so would be very dangerous to our business and existing clients. The best that we can do is to form a new company with a similar name and transfer the assets / business of the former company to the new company. We are also concerned that breaches of the current regulations will force a review of the regulations with good clients having to contend with greater compliance (and costs arising). If we can see these obvious breaches without going looking for them we are sure that the Authorities will also have seen them.

4.  New NZ Securities Company

We can now bring you a New Zealand company that is qualified to provide services in the Securities field. Our solution is able to include the back office support in New Zealand, which is necessary for a genuine operation and acceptance locally. In addition, there is the possibility of a white labeling feature from a Company that is Licensed by the New Zealand Stock Exchange (by arrangement with the Securities Commission), also licensed in Dubai and with other arrangements in place globally. For those with good experience in the Securities field and access to a reasonable client base in their own country, this offers a good alternative to Private Clients who require their activity to be geographically elsewhere.

5. International Payments Centre

Our onshore associate company, Global Finnet Limited, has been able to expand the services provided to qualified clients by its International Payments Centre. Some of the additional capabilities are as follows:

 • Foreign Currency Account Transfers
• Telegraphic Transfers
• Draft Insurance
• Letter of Credit Application and Amendment

Please visit the web page at  http://www.finnet.com.au/New Zealand/International Payment Centre.htm for a full list of  functions that can be performed by Global Finnet. 

6.      Shelf Companies

Together with our associates, we are pleased to offer you a range of Shelf Companies, incorporated in various Jurisdictions and of varying age. Some of our shelf companies already have open bank accounts with a reputable international bank. While we do not publicly advertise shelf companies, we are happy to provide you with a full list of all available companies on our books. Please email GTGroup@vanuatu.com.vu for details.

7.       GT Group Services

In order to keep you up to date, we will periodically remind you of the services that we offer. Currently, our main focus is on the following services and jurisdictions.

New Zealand

Company Incorporation, Shelf Companies with Bank Accounts, Trusts, Virtual Office, Serviced Office, Financial Institution & Bank Software, Securities Company, Document Verification. Nominee Director (Corporate & Personal).

Vanuatu

Company Incorporation, International Banking Software, Trusts, Foundations, Serviced Office Virtual Office, Nominee Director (Corporate & Personal).

Cook Islands

Company Incorporation, Trusts, Virtual Office, Serviced Office Branch Establishment.

Samoa

Company Incorporation, Trusts, Virtual Office, Serviced Office Branch Establishment

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GT Group of Companies has provided this article for the benefit of our clients and contacts. If you have any comments or requests for our next Newsletter, or you would like us to remove you from our mailing list, please let us know by email to GTG@vanuatu.com.vu.