Monday 21 May 2012

BUSINESS FOCUS IN NEW ZEALAND

NEW ZEALAND

ABOUT

New Zealand (Māori: Aotearoa) is an island country located in the southwestern Pacific Ocean. 
The country geographically comprises two main landmasses that of the North and South Islands as well as numerous smaller islands. New Zealand is situated some 1,500 kilometres (900 mi) east of Australia across the Tasman Sea and roughly 1,000 kilometres (600 mi) south of the Pacific island nations of New Caledonia, Fiji, and Tonga. Because of its remoteness, it was one of the last lands to be settled by humans

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BUSINESS FOCUS IN NEW ZEALAND

Why invest in New Zealand?

New Zealand's stable economy and political system, reputation for innovation and the ease of doing business make it an attractive place to invest.
The right partnerships between overseas capital and New Zealand businesses have resulted in outstanding commercial successes. The New Zealand Government actively encourages foreign investment and the country has world class infrastructure to support business activity.Whether you are a corporate, funds or individual investor, there are a number of compelling reasons to consider New Zealand.

Corporate investors

With more than a decade of economic restructuring, New Zealand has a stable and internationally competitive economy. The privatization of several utilities and state services has given rise to one of the most efficient and competition friendly economies in the world.

Fund investors

New Zealand consistently outperforms many of its Western counterparts on  cost, ease of doing business and investor protection.

Individual investors

New Zealand has a wide range of visa categories in place catering for investors, entrepreneurs and business managers.


Information and communications technology Investment in New Zealand.
New Zealand offers a productive and freethinking environment for ICT with clear strengths in software development, design and support services.
New offer a sufficient and sustainable competitive advantage to companies seeking to use New Zealand as a base for their ICT operations. Lower market rates and fewer employer add-ons ensure New Zealand's workforce holds a cost advantage over other developed countries, with savings of 50 percent compared to Japan, up to 30 percent over other Western locations such as the United States and United Kingdom, and up to 40 percent over Australia.
Several global industry leaders have chosen New Zealand as a base for their ICT operations, including global IT services provider Fujitsu and the Paris headquartered games developer, Gameloft.
New Zealand's software developers and designers have creative skills and design capabilities that lead the world in their thinking and originality. The broad nature of work in New Zealand means that employees tend to be generalists and typically work in smaller teams, leading to faster and more effective response times.
As the first country to start each day, business has a head start in New Zealand. New Zealand's business day covers the afternoon on the USA west coast, much of Asia's business day and the morning in Europe, and we are a few hours ahead of Australia. This gives you the opportunity to move ahead while other markets sleep.

Organization that can help

New Zealand Trade and Enterprise (NZTE) can respond to inquiries on any aspect of investing in New Zealand.
Investment managers are based in New Zealand and in key locations around the world. We promote New Zealand as an investment destination and help potential investors take advantage of opportunities in New Zealand.
As part of our service we help international investors to:
  • relocate their businesses to New Zealand
  • establish greenfield operations
  • invest in and work with New Zealand companies in global ventures.
We also match high-growth New Zealand businesses in strategic sectors to international investors. We do this by:
  • providing general and customized reports on New Zealand investment opportunities, costs and regulatory processes for your investment
  • facilitating your visit to New Zealand by identifying potential investment targets and arranging suitable meetings, including introductions to other contacts in New Zealand that could support your investment -  regional economic development agencies, for example
  • facilitating the selection of suitable sites for your investment project
  • helping coordinate your investment, including helping to remove potential obstacles- providing information and facilitating access to other government assistance programmes
  • providing information about potential New Zealand-based advisors or suppliers for your investment project

General information about investing in New Zealand

A first stop for investors is specialist investment team. The team has extensive knowledge of the local investment environment and substantial experience helping international corporate investors invest in and work with New Zealand companies.

Immigration and investment

With new policies designed to facilitate access for investors and entrepreneurs, there are opportunities for investing in New Zealand through immigration.

Legislative framework

A large number of investments do not need approvals beyond the normal legislative business framework for NZ-based companies.The Overseas Investment Act 2005 regulates the acquisitions by overseas entities of 25 percent or more ownership or control interests in sensitive New Zealand land and significant business assets.
There are three categories of sensitive New Zealand assets:
  1. sensitive land, for example, farm land, historical landmarks, regional parks.
  2. significant business assets: assets (shares or business) of more than $100 million, and
  3. fishing quota.

The Overseas Investment Act

In March 2009 the New Zealand Government announced it would review the Overseas Investment Act in order to maintain a liberal foreign investment environment and to reduce compliance costs where feasible. The first part of the review was completed in July 2009.

Other useful organizations

  • The Internal Revenue Department website provides information about individual and business taxation in New Zealand, including all the necessary procedures and forms.
  • Immigration New Zealand provides facilitation services for businesses sourcing or relocating international staff.
  • The Overseas Investment Office, part of Land Information New Zealand, administers the New Zealand Government's foreign investment policies. The core work of the Office is to assess applications for consent from foreigners who intend making substantial investments in New Zealand.
  • The Ministry of Economic Development focuses on sustainable economic development. Its website provides information about all aspects of New Zealand's economic development policies including the legal framework, regulation of specific markets, policy-making and implementation.
  • Should you need to use legal or other expert advice, the New Zealand Law Society can help you locate a suitable law firm.


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