Fee Schedule - New Zealand Foreign Trusts
Formation Fee - $5000 paid upfront
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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
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2. Fee for CRS (Common Reporting Standard) Compliance
Charge of $300
Miscellaneous Fees
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Trustee |
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Not Trustee |
Gifting |
Included |
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Wind Up |
$1,500 |
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$2,000 |
Resettlement |
$1,500 |
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$2,000 |
Provision of Trust Information to trust Beneficiaries |
Hourly Rate $500 |
Hourly Rate $500 |
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Changes to Beneficiaries |
$750 |
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$1,000 |
Variation of Trusts wording of deeds including perpetuity |
Quote |
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Quote |
Distributions |
$400 |
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$600 |
Contributions of assets (excluding physical transfer documents) |
$500 |
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$700 |
Review of Deed |
Quote |
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Quote |
Structure Review |
Hourly Rate $500 |
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Hourly Rate $500 |
Execution / Preparation of Documents at time and cost |
Hourly Rate $500 |
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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.