Before you start an application to incorporate a New Zealand company with the Companies Office, you must create an online services account and reserve a company name. It costs $10 (plus GST) to reserve a company name and $114.39 (plus GST) to apply to incorporate a company.
Does it cost to register a business name NZ?
There is no fee to register a change of company name, however there is a fee for reserving a new company name — $10 (plus GST). When you swap names with another company, you must pay a fee of $10 (plus GST) for each company.
How do I register a business name in NZ?
To protect your name and brand, you will need to register a trade mark with the New Zealand Intellectual Property Office (IPONZ).
You can apply for free on the NZBN website by:
- login in with RealMe®;
- providing your business’ IRD number and proof of identity; and.
- creating a user account with the NZBN Register.
Do I need to register my business NZ?
Every company in New Zealand must file an annual return with the Companies Office each year to confirm it’s still operating as a company. If you don’t file your annual return each year, your company risks being removed from the national Companies Register. An annual return is not a tax return.
How much do I pay for company registration?
A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).
How much does it cost to register a small business in New Zealand?
In New Zealand, you can register (incorporate) a company online through the Companies Office. There is a small fee, currently NZ$115 (plus GST).
Do you need to register a small business?
Most business of any appreciable size need to be registered with one or more government agencies. The exception is small, one-person business, which can carry out many types of operations, without any formal registration. Small partnerships may not be required to register either.
Can I use a business name without registering it?
You need to register a business name if you conduct business under a name other than your own. A business name, also known as a trading name, is a name or title under which a person, or other legal entity, carries on business. When you register a business name, you register it nationally.
Can a sole trader register a business name?
Absolutely. Being a sole trader doesn’t mean you have to operate under your own personal name. The entity will always be your personal name, but you can still register a business name to use. … A sole trader can also have multiple business names if you operate multiple businesses.
Can a sole trader have a business name NZ?
In New Zealand, sole traders can use any trading name they like, since it is not compulsory to register with the NZBN. However, regardless of your business structure, it is a good idea to check whether your trading name is available before you start using it, to avoid potential intellectual property issues.
How do I pay myself from my business NZ?
The best way to pay yourself from small business profits:
- Pay yourself a dividend. …
- Pay a regular salary and deduct PAYE. …
- Take drawings during the year and then after the tax year ends, determine the company profit and pay that out as a shareholder salary.
How much tax does a sole trader pay NZ?
In New Zealand, sole traders are subject to the individual tax rates. These are progressive or gradual, which means they increase as your income increases. The top personal tax rate is 33% for income over $70,000. Sole traders file an IR3 tax return with Inland Revenue (IRD) at the end of the financial year.
Do I need to register as a business if I am a sole trader?
Sole traders don’t need to register their business per se. Instead, you just need to register as self-employed for tax purposes, which is how you inform HMRC that you’ll pay Income Tax via the Self-Assessment Tax Return.