haha........ they think of that before you do.
- Qualifying trust or non qualifying trust? need ird registration as well
- 25% controlling?
- overseas beneficiaries?
- local trustee holding it for the benefit of overseas beneficiaries?- deeming provision - if status of beneficiaries changes ( from local to overseas if leaving the country)? Yearly report to IRD required to monitor the status.
- Is it circumventing the Overseas Investment Act? Is it a form of scheme to launder the money? Duty of Lawyer (overiding duty) to report the crime above client confidentiality if suspicion on the surface level is detected.
Ignorant of the law is not an excuse. On top, it requires the conveyancer to certify nothing on OIO will be breached.... Watch till 1/7 for new anti money laundering law.... it will add more spice to the whole drama hahah...