new zealand banking

New Zealand is an island country in the southwestern part of the Pacific Ocean. The country is split between two main land masses and many small islands. It is considered a remote region of the world, and remained isolated from human colonization longer than any other region, other than the Arctic and Antarctic. The most populous city is Auckland.

New Zealand has evolved in recent years to become a major offshore financial center, major deposit growth over the last 20 years, sue to banking stability and secrecy. New Zealand has 6 commercial banks, 1 restricted bank, 12 authorized custodians, and 2 licensed money service businesses.

Laws and Regulations

As an offshore financial centre, New Zealand enjoys a stable, confidential and high quality banking system, regulated by The Reserve Bank of New Zealand. The Reserve Bank registers and supervises banks. The Bank is also one of three supervisors tasked with ensuring firms meet stability and quality obligations across the board. The territory is not part of the European Union and not directly subject to EU law.

Bank Secrecy

New Zealand is one of the safest places to consider when investing abroad. The country has stable political and economic systems, and very confidential banking standards. There are considerable offshore services and advantages, yet has kept a very positive image worldwide. The assets placed in New Zealand are very strongly protected by New Zealand laws. New Zealand is ranked at 48th position on the Financial Secrecy Index in 2014. New Zealand’s popularity is often ascribed to it being regarded as a very stable and secure centre for depositing assets. Furthermore, due to its secrecy and high quality banking infrastructure, it is growing as a preferred banking region for businesses and individuals worldwide.

Electronic Payments

New Zealand is a member of the Society for Worldwide Interbank Financial Telecommunication (SWIFT). The SWIFT network is the safest and most secure system for financial transactions worldwide.

Banking Facilities

Registratour has a relationship with an extensive network of private and major banks in New Zealand. All of the banks we refer our customers to offer a full international banking platform, with multi-currency accounts (£, €, $) as well as online banking and debit/credit cards, for both corporate and private bank accounts.

Once your order has been completed, you will be assigned a dedicated account manager that will guide you through the bank account opening procedure. Then, we will carefully select with you a bank from one of our leading partners, which perfectly fits your requirements like a tailored suit.

Which documents are needed to open a bank account?

As a general rule the bank asks for a certified passport copy of the shareholder(s) and director(s) (beneficial owners), a proof of address which must be less than three months old as well as a bank reference letter. If the client goes to the bank in person to open the account, a certified copy of the passport is not required.

We will send you the additional documents necessary for opening the account by email, as an attachment, for you to sign and return to us preferably by special courier ( DHL, FedEx), along with the other documents mentioned above.