New Zealand Financial Service Provider Company Registration

New Zealand legislations require that any company offering financial services or products in New Zealand must register as a Financial Service Provider (FSP). Financial Service Providers who offer their product to the public will also be required to be registered with an approved New Zealand Dispute Resolution Scheme (DRS).

Registration as a Financial Service Provider (FSP) allows New Zealand and internationally registered entities to offer financial services to a retail and wholesale clientele within New Zealand. However, in order to provide the same services on an overseas market, a New Zealand registered company is not required to hold any New Zealand issued licenses (registrations, permits, etc.), but must ensure full compliance with the applicable legislations of the country in which they are doing business.

To attain and hold a Financial Service Provider (FSP) status, a New Zealand or internationally registered company must:

  • Offer financial service in New Zealand
  • Have a “place of business” in New Zealand, from which all services are provided
  • Hold adequate local staff representation, who will be able to transact the intended business from New Zealand
  • Not have any directors or controlling owners with New Zealand criminal convictions
  • Maintain its office and adequate local staff for the duration of its operations as an Financial Service Provider (FSP)

How we can assist our clients in registering a New Zealand Financial Service Provider (FSP):

You already operate a business in New Zealand, and would like to extend it to provide financial services in New Zealand.

We can help you prepare and file the documents necessary to become a registered New Zealand Financial Service Provider (FSP). If you do not need assistance in setting up a place of business, we will help with:

  • Choosing the Dispute Resolution Scheme best matched to your requirements, business model, intended services and the number of advisers (if any) that you will take on
  • Filing and monitoring the Dispute Resolution Scheme application
  • Filing and monitoring the Financial Service Provider (FSP) registration with New Zealand government agencies

Our services in regards to registering the company as a Financial Service Provider (FSP), when you already have an established base in New Zealand, are subject to individual quotation, but our prices start from USD 500.

Please, contact us for more information regarding registration of New Zealand Financial Service provider (FSP).
You would like to offer financial services in New Zealand, but have no established base in New Zealand.

We can provide the full set of services which would allow you to establish, register and operate a New Zealand Financial Services Provider (FSP), and fulfill the statutory requirements of New Zealand government agencies in regards to Financial Service Providers (FSP).In order to form your own New Zealand Financial Service Provider (FSP) we can assist you with:

  • Incorporating a new New Zealand company with your own chosen name, and shareholding, and directorship as set out by you
  • Providing Registered Office Address services for the newly formed company
  • Providing an Address for Service for the newly formed company
  • Providing full accounting and taxation services for the new company
  • Providing assistance in provision of an office which qualifies under the government criteria for a “place of business”, as per your business requirements and business plan
  • Provide assistance in choosing, hiring and managing the staff of your New Zealand Financial Service Provider (FSP), as per your requirements and business plan
  • Choose the Dispute Resolution Scheme best matched to your requirements
  • File and monitor your Dispute Resolution Scheme application
  • File and monitor your Financial Service Provider (FSP) registration with New Zealand government agencies

Along with our partners and associates, we can also help with the management and operation of your New Zealand Financial Service Provider (FSP) by providing non-executive directorship, support in establishing and further providing financial and credit card operations, IT support, administrative and management assistance, legal support, assistance in the international expansion of the business of your New Zealand Financial Service Provider.

Establishing a Financial Service Provider business from scratch is a comprehensive process, and will require approximately at least 3 – 5 weeks to complete. Due to the individual characteristics which are involved in setting up and maintaining a place of business and a Financial Service Provider (FSP) registration, the costs for obtaining an FSP registration is subject to quotation, and the price begin from USD 25,000 per annum.

Please, contact us for more information regarding registration of New Zealand Financial Service provider (FSP).
You have a New Zealand registered company and would like to provide financial services overseas.

In order to provide financial services overseas you will not be required to attain any permits, licenses or registrations in New Zealand, and you do not need to be a New Zealand Financail Service Provider (FSP). However, you will need to ensure that your company is compliant with the laws and regulations of the country in which you are offering your services. Through our global network of associates we can help you to ensure that you are compliant with legislation overseas, and may help in establishing financial company status overseas.

Please, contact us for more information regarding registration of New Zealand Financial Service provider (FSP).

 

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