Company Definitions

All New Zealand Companies are categorized between a well defined set of company types.

Under current legislation companies will fall under the following categories:

Close companies
Close companies are limited liability entities with five or fewer natural persons holding a voting share of greater than 50 percent.

Closely-held companies
A closely held company is less restricted than a close company, yet is still small.

Widely-held companies
Widely held companies must have no less than 25 shareholders, and cannot be close companies.

Listed companies

Companies whose shares are officially listed on a recognized exchange.

Special Corporate Entities,
Special corporate entities include public and local authorities, state and enterprises, the Crown Research Institute, and other organizations of a similar governmental nature.

March 11th, 2011