New Zealand is situated in the South Pacific Ocean about 2,000 kilometres south-east of Australia and is comprised of two main islands and a number of smaller islands. In the mid 18th century New Zealand became settled primarily by the British.
New Zealand is a member of the United Nations, the WTO, the OECD, the British Commonwealth and the East Asia Summit to mention the most important. New Zealand has a modern industrialised economic management. Exports range from traditional agricultural produce such as meat and wool to innovative computing technologies and financial services. The population is now approximately 4 million.
Laws are historically based on the Anglo Saxon philosophy and it is therefore not surprising that Trust Law is well developed. Two particular aspects are the "Foreign Trust" (FT) and the "Private Trust Company" (PTC).
New Zealand Foreign Trust (FT's), trustees of foreign trusts and non-resident beneficiaries are not subject to tax in New Zealand on foreign sourced income or distributions of foreign sourced income. Capital gains are not subject to New Zealand tax. Private Trust Companies (PTCs) are individually structured and in contrast to many other jurisdictions trust companies are not licensed.
The Jeeves Group Company is Centurion Trust Company Limited and is situated at Auckland in New Zealand.