I am a new zealand citizen currently working in saudi arabia. I aim to go home in the next 2 years. I am setting up a

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Customer: hello, i am a new zealand citizen currently working in saudi arabia. I aim to go home in the next 2 years. I am setting up a print on demand store, selling merchandise. I want to use my nz bank account for this. What must I do legally regarding taxes and registration of my business?
JA: Have you talked to a New Zealand lawyer about this?
Customer: no
JA: What steps have you taken so far?
Customer: Im in the beginning of it
JA: Is there anything else the Lawyer should know before I connect you? Rest assured that they'll be able to help you.
Customer: no I dont think so
Answered by Chris The Lawyer in 8 mins 1 year ago
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Chris The Lawyer
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Chris The Lawyer, Expert

Hi My name is ***** ***** I am a New Zealand lawyer based in Wellington with more than 42 years of experience. I am here to help with your questions.

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Chris The Lawyer, Expert

Will you be operating in New Zealand or overseas for the business-I realise you are in Saudi Arabia, but asking if the business will be domiciled in New Zealand or where you are

Customer
Hi Chris, thank you for responding
Customer
I will be initially operating from Saudi, but as I plan to move back to NZ in 2 years, I thought it might be best to register my business in NZ.
Customer
I am in the beginning stages only at this point
Customer
I am about to set up a Printify store
Customer
Before I link my bank account I want to make sure I am doing everything legally
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Chris The Lawyer, Expert

You can set up a company online and also register for GST in that process. It is fairly easy. You will need to file tax returns for the company although I assume much of the income will not reach New Zealand, but you will need to file returns anyway

Customer
How do I register for GST?
Customer
tax returns?
Customer
Do you have links?
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Chris The Lawyer, Expert

https://companies-register.companiesoffice.govt.nz/

You can do that as part of the process of setting up the company

Customer
Okay great. Is that all I need to do?
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Chris The Lawyer, Expert

You can file tax returns online. I assume you know how to prepare a balance sheet and profit and loss statement

Customer
I dont, but I will learn
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Chris The Lawyer, Expert

Many use xero.com for that

Customer
Okay
Customer
Thanks a lot
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Chris The Lawyer, Expert

Glad to help

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