{"id":281529,"date":"2024-08-22T13:47:31","date_gmt":"2024-08-22T01:47:31","guid":{"rendered":"https:\/\/www.reckon.com\/nz\/?post_type=sbh&p=281529"},"modified":"2024-10-08T11:33:31","modified_gmt":"2024-10-07T23:33:31","slug":"nzbn","status":"publish","type":"sbh","link":"https:\/\/www.reckon.com\/nz\/small-business-resources\/starting-a-small-business\/nzbn\/","title":{"rendered":"How to get an NZBN?"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.23″ custom_padding_tablet=”” custom_padding_phone=”0px||||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,2_3″ _builder_version=”4.23″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” width=”100%” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”1_3″ module_class=”table-contents” _builder_version=”4.23″ background_color=”#f4f4f4″ custom_padding=”25px||25px||true|false” sticky_position=”top” sticky_limit_bottom=”section” sticky_position_tablet=”top” sticky_position_phone=”none” sticky_position_last_edited=”on|desktop” pac_dcm_carousel_specific_module_num=”0″ border_radii=”on|24px|24px|24px|24px” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.23″ text_font=”||||||||” global_colors_info=”{}” background__hover_enabled=”on|desktop”][\/et_pb_text][\/et_pb_column][et_pb_column type=”2_3″ _builder_version=”4.16″ custom_padding=”|||” pac_dcm_carousel_specific_module_num=”0″ global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Copy paste body text here” _builder_version=”4.27.0″ header_2_font_size=”32px” header_2_font_size_tablet=”30px” header_2_font_size_phone=”26px” header_2_font_size_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

Launching a business in New Zealand? If you\u2019re considering undertaking business activity in NZ, one of the initial steps you\u2019ll need to take is acquiring a New Zealand Business Number (NZBN).<\/span><\/p>\n

In fact, this may very well be the first thing you do, even before formulating a business plan.<\/span><\/p>\n

Registering for a NZ business number is a requirement by law for all persons and entities engaged in recognised business activities. You cannot legally trade in New Zealand without one.<\/span><\/p>\n

What is a New Zealand Business Number (NZBN)<\/b><\/h2>\n

What is a New Zealand Business Number and why do you need one?<\/span><\/p>\n

In New Zealand, a business entity currently operating as either a sole trader, partnership, company, or trust, is required to register for and retain an NZBN to legally trade.<\/span><\/p>\n

If you\u2019re undertaking business dealings in NZ without an NZBN, you\u2019re doing so illegitimately and without government permission.<\/span><\/p>\n

Do I need a New Zealand Business Number?<\/b><\/h2>\n

If there\u2019s any confusion over your status as a business in New Zealand (and your requirement to attain an NZBN), refer to the NZ Government\u2019s definition:<\/span><\/p>\n

\u201cYou\u2019re in business, as defined by the <\/span>New Zealand Business Number Act 2016<\/span><\/a>, if you acquire or supply goods or services, or acquire or dispose of land (but not if you do this as a consumer, employee, or as an individual member of an unincorporated entity).\u201d<\/span><\/p>\n

If this describes you, then you must have an NZBN.<\/span><\/p>\n

How to get a New Zealand Business Number<\/strong><\/h2>\n

Luckily, for any person or entity looking to do business in New Zealand, the process of gaining an NZBN is simple and straightforward. There are slightly different criteria and burdens of proof required for:<\/span><\/p>\n