No, unfortunately once your trademark application is submitted, the fees are non-refundable. It is recommended to prepare thoroughly before submitting an application.
New Zealand is a sovereign island country, sitting at the boundary between the Australian and Pacific continental plates. The country geographically comprises of two main landmasses – the North Island and the South Island and around 600 smaller islands. It is a land of great contrast and diversity with a unique array of vegetation and animal life, much of which developed during the country’s prolonged isolation. It has sizeable manufacturing and service sectors complementing a highly efficient agricultural sector. In the year 2010, New Zealand was ranked as the 8th happiest country in the world.
Business in New Zealand can be registered as one of the following legal entities.
An individual who operates a business on his own is a sole trader. A sole trader does not share profits/losses with anyone. More often the business of a sole trader is established without any paperwork. Starting a small business in New Zealand as a sole trader is preferred by many entrepreneurs as the incorporation cost is comparatively low.
One of the most common legal entities, Partnership is an effective way to share the business operations cost. A partnership is based on an agreement which is signed initially by all the partners of the company. Partnership firms are relatively easy to start and are prevalent amongst large and small businesses in NZ.
It is a corporate structure whereby the members are not personally liable for the company’s debts or liabilities. Limited Liability Company in NZ is popular among the businessman. It combines the characteristics of a corporation and partnership or a sole proprietorship. It is recognized as a separate entity from its owners and thus warrants them a limited liability to the extent of their financial involvement.
They can be listed or unlisted public businesses. A listed company shall have at least 3 directors in which 2 directors reside in the country. Incorporating a company in NZ and further registering is relatively simple, and must be done with the Registrar of Companies. The company must also adhere to the suffix 'Ltd' to prove its legal status.
If an investor chooses to register their business as an offshore company then they can set-up their business outside the jurisdiction of its operations. Business owners must abide by the regulation of the offshore jurisdiction, and must not trade within the jurisdiction. New Zealand offshore companies enjoy vast benefits like reduced set-up cost and low taxes.
It is an extension of an overseas established company and does not constitute a separate entity. A branch in New Zealand must register with the Registrar of Companies. The company must file separate audited financial statements for both the parent and NZ branch operations. If you are thinking of setting up a business in a foreign land then NZ is the way to go as there are many business opportunities for in New Zealand for an investor.
Starting a business in NZ brings along the following benefits:
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