If you`re looking to set yourself up as a contractor in New Zealand, there are a few key steps you`ll want to take to ensure that you`re able to do so successfully. From registering your business to setting your rates, here`s what you need to know about how to set yourself up as a contractor in NZ.
1. Register your business
The first step to becoming a contractor in NZ is to register your business with the New Zealand Companies Office. You`ll need to choose a business name, register it, and provide some basic information about your business. Once your business is registered, you`ll be assigned a New Zealand Business Number (NZBN) that you`ll use to identify your business when dealing with government agencies and other companies.
2. Set up your finances
As a contractor, you may need to set up a separate business bank account and consider getting an accountant to help you manage your finances. You`ll also want to make sure that you`re aware of your tax obligations as a contractor in NZ, and that you`re registered with the Inland Revenue Department (IRD) as self-employed.
3. Determine your rates
As a contractor, you`ll need to set your own rates for the work you do. It`s important to research industry standards and take into account your own skills and experience when setting your rates. You may also want to consider how much time you`ll need to spend on each project and factor that into your pricing.
4. Create a portfolio
To attract potential clients, you`ll want to create a portfolio of your work that showcases your skills and experience. This can include examples of your past work, testimonials from previous clients, and any relevant qualifications or certifications you have.
5. Start networking
As a contractor, your success will depend on your ability to find and secure clients. One of the best ways to do this is by networking within your industry. Attend industry events, join professional organizations, and connect with others in your field on social media to start building relationships and expanding your network.
By following these steps, you can set yourself up as a successful contractor in New Zealand. With the right preparation and a solid business plan, you`ll be well on your way to a successful contracting career.