What is an NZBN, and do sole traders need one?
An NZBN is a New Zealand Business Number. Sole traders do not need one, but it is recommended. It makes dealing with government, suppliers and customers easier.
Official figures
- Do sole traders need to register?
- No. You do not need to register yourself or your business with any government agency. You only need to tell Inland Revenue that you have started working for yourself.1
- What sole traders need
- A personal IRD number (for income tax and GST), any government licences and permits your business needs, and any qualifications or registrations your industry requires.1
- NZBN for sole traders
- Optional, but recommended.1
- Company name reservation fee
- NZ$10 (plus GST)6
- Company registration fee
- NZ$118.74 (plus GST)6
Official sources
- Becoming a sole traderBusiness.govt.nz (MBIE) · business.govt.nz
- Incorporating a companyCompanies Office · companies-register.companiesoffice.govt.nz
- Who can be a directorCompanies Office · companies-register.companiesoffice.govt.nz
- Registering for GSTInland Revenue · ird.govt.nz
Read the full guide: Starting a business: sole trader, company and GST registration →
People also ask
- Where do I register as a sole trader in New Zealand?
- How much does it cost to register a company in NZ, and how do I do it?
- At what turnover do I have to register for GST?
- My business earns less than NZ$60,000. Can I register for GST voluntarily?
- I don't live in New Zealand. Can I be the only director of an NZ company?
- What is provisional tax, and do I pay it in my first year?
Answers are based on official New Zealand government pages. Check the official source before you act. This is not immigration, legal or tax advice.
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