Fee Schedule - New Zealand Foreign Trusts
Formation Fee - $5000 paid upfront
|
Includes |
|
Excludes |
|
|
|
|
|
|
|
|
|
KYC Checks
- $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.
- 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 |
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
Provision of Trust Information to trust Beneficiaries |
Hourly Rate $500 |
Hourly Rate $500 |
|
|
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 $500 |
Notes:
- All prices are quoted in NZD$ and will be zero-rated for GST unless stated otherwise.
- Bespoke will be extra charged at $500ph.
- Prices quoted are for standard only.
- Unless specified otherwise we will hold the Trust Folder (original documents) at our premises.
- 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.