If you are a U.S. investor looking to invest in New Zealand companies, it’s essential to understand the regulatory requirements regarding filing forms.
One significant requirement is the FBAR filing. If you have foreign accounts exceeding $10,000, you must file the FBAR. This applies to both individuals and entities. The filing deadline is April 15, which can be extended to October 15. Notably, the penalties for non-compliance can be severe.
In addition, if the New Zealand company you are investing in is classified as a foreign private issuer in the U.S. market, you will need to file Form 20-F. This form is due by April 30, 2025, and recent updates require that it includes new exhibits like insider trading policies. Compliance with this form is crucial for regulatory requirements in the U.S. and affects other obligations under SOX 404(b).
Understand your status as a U.S. person, which includes citizens and residents, to determine your filing obligations. Ensure that you gather all necessary data and familiarize yourself with the forms applicable to your situation.
Stay informed about specific filing deadlines and requirements to avoid any potential pitfalls. If in doubt, consult with a tax advisor familiar with international investments to ensure compliance.