FAQs Archive | Page 14 of 17

Q: Should I trade as a Sole Trader, Partnership, or Company?

When you log in to Afirmo, we will take you through an onboarding process (only takes a couple of minutes) during which, you can either Set Up a new business or tell us your existing NZBN and we will import your data automatically into the app to save you time. Afirmo’s Set Up Tool will help you choose the right business entity option for your circumstances.

Q: Can I Set Up a Company if I live outside New Zealand?

Yes, you can Set Up a company if you live overseas and with Afirmo, but there are some specific rules you will need to follow. You will need either (i) a New Zealand resident director or (ii) an Australian resident director who is also a director of an Australian company. You will also need a physical New Zealand based mailing address as your registered office address. In good news if you are an overseas based Afirmo customer, we can offer you a registered office address service or a nominee director service . Easy!

Q: Do I need an IRD number to start trading?

Yes, if you intend to carry out an activity (trade) you will need an IRD number. If you are a Sole Trader, your personal IRD number is used as your business IRD number. For a company, when you register with Afirmo, we will obtain an IRD number for you. Partnerships also need a business IRD number. We will help you with all that within Afirmo’s Business Set up Tool.

Q: Does Afirmo help with work and other visas?

Afirmo does not currently offer immigration support but if you appoint us as a nominee director for your company, we can support your local visa applications.

Q: How can I get a brand and get online?

Afirmo offers a range of digital marketing services including domain names, a logo builder and a website builder. These will help you get online quickly and at a price point that makes sense, and personalise your business stationery, including sales invoices and quotes.

Q: Should I get business Insurance when I first set up my business?

Refer to our Insurance FAQ for Insurance related questions.