Offshore business or organisation IRD number application

A company is an offshore person if it is incorporated either:

• outside New Zealand
• inside New Zealand, and is 25% or more owned or controlled by offshore persons (such as shareholders).

A non-individual partnership is an offshore person if:

• 25% or more of its partners (or members) are offshore persons
• offshore person(s) have a beneficial interest or entitlement to 25% or more of its profits or assets
• offshore person(s) have the right to exercise (or control the exercise) of 25% or more of voting power at a meeting.

A trust is an offshore person if:

• 25% or more of its governing body are offshore
• offshore person(s) have 25% or more beneficial interest or entitlement to its trust property
• 25% or more of persons with the right to amend or control the trust’s trust deed are offshore persons
• 25% or more of persons with the right to control the composition of the trust’s governing body are offshore persons.

A unit trust is an offshore person if:

• the manager or trustee (or both) are offshore person(s)
• offshore person(s) have beneficial interest or 25% or more of the trust’s property.

An individual person is someone who:

• is a New Zealand citizen and has been overseas for the last 3 or more years continuously
• does not have a New Zealand residence class visa granted by Immigration New Zealand
• has a New Zealand residence class visa and has been overseas for the last 12 or more months continuously.

Any other unincorporated body is an offshore person if:

• 25% or more of its partners (or members) are offshore persons
• offshore person(s) have a beneficial interest or entitlement to 25% or more of its profits or assets
• offshore person(s) have the right to exercise (or control the exercise) of 25% or more of voting power at a meeting.

An unincorporated joint venture is an offshore person if:

• 25% or more of its partners (or members) are offshore persons
• offshore person(s) have a beneficial interest or entitlement to 25% or more of its profits or assets
• offshore person(s) have the right to exercise (or control the exercise) of 25% or more of voting power at a meeting.