Fee Schedule - New Zealand Foreign Trusts

Formation Fee - $5000 paid upfront

Includes

 

Excludes

  • Deed

 

  • Time and Cost for transfer of assets and documents
  •  Letter of Wishes

 

  • Bespoke / modified deeds / documents
  •  Opening Minutes

 

 

 

 

KYC Checks

  1. $100 Fee to cover KYC checks for parties associated with the Company on either the Company Formation or Covisory taking up a Directorship in an existing Company.
  2. Subsequent AML checks if required will be invoiced individually at $10 per check.

 

Annual Charges

1.   Fee for acting as a Trustee or a Director of a Private Trust Company.

Base Charge of $5,000 paid in advance

Additional Charge of $2,000 per $5,000,000 of assets in Trust thereafter

Includes

 

Excludes

  • Annual Meeting

 

  • Advice
  •  Gifting

 

  • Attendance to sign at other premises
  •  Maintaining Minutes

 

  • Time taken is greater than 10 minutes
  •  Casual Signing (at our offices – up to 10 minutes)

 

 

 

2.    Fee for CRS (Common Reporting Standard) Compliance

Charge of $300


Miscellaneous Fees

 

 

Trustee

 

Not Trustee

Gifting

Included

 

 

Wind Up

$1,500

 

$2,000

Resettlement

$1,500

 

$2,000

Changes to Beneficiaries

$750

 

$1,000

Variation of Trusts wording of deeds including perpetuity

Quote

 

Quote

Distributions

$400

 

$600

Contributions of assets (excluding physical transfer documents)

$500

 

$700

Review of Deed

Quote

 

Quote

Structure Review

Hourly Rate $500

 

Hourly Rate $500

Execution / Preparation of Documents at time and cost

Hourly Rate $500

 

Hourly Rate $500

 

Notes:

  1. All prices are quoted in NZD$ unless stated otherwise and are zero rated for GST.
  2. Bespoke will be extra charged at US$500ph.
  3. Prices quoted are for standard only.
  4. Unless specified otherwise we will hold the Trust Folder (original documents) at our premises.
  5. All fees are for our Trustee Company [Covisory (NZ) Trust Limited] to be one of the Trustees. If a private trust company is required, the fee will be by negotiation.