Benefits of doing business or investment:
Safe, stable and secure business environment
New Zealand is recognised globally as being a safe place to invest and do business. It ranks first in the world for:
- protecting investors (World Bank Doing Business report 2014)
- lack of corruption (Transparency International Corruption Index 2013)
- starting a business (World Bank Doing Business report 2014)
Anti-corruption NGO Transparency International continued to rank New Zealand Number 1 for honesty and integrity in its public sector in 2013, the eighth year in a row the country was either first or first equal in the Corruption Perceptions index.
Ease of doing business
New Zealand consistently scores well on the World Bank Doing Business rankings for the ease of doing business here. Incorporating a business in New Zealand takes just one day, while registering a property takes only two. The country has a straightforward, business-friendly taxation system that supports capital development, research and development and international investment.
Cost of doing business
New Zealand boasts comparatively low developed-country business costs. Its labour costs are extremely competitive for a first-world country with a highly skilled and educated workforce.
Simple tax system
New Zealand has a competitive and low-compliance tax system. It is third lowest in the OECD for time taken for taxpayers to comply with tax obligations (World Bank Doing Business, Paying Taxes. Note: the most recent round of data collection for the project was completed in December 2010). New Zealand’s 2010 / 11 budget reduced its corporate income tax rate from 30 percent to 28 percent.
Efficient, market-oriented economy
New Zealand has a stable and internationally competitive economy. A wide range of free trade agreements, pro-competitive regulation, an efficient tax code, an open political system and the absence in almost all sectors of import tariffs or Government subsidies, have given rise to an efficient, globally competitive economy that facilitates both domestic and foreign investment. State-owned enterprises are structured as corporations and compete on an equal footing with private sector counterparts. A free and independent media ensures transparency in the corporate and Government decision-making processes.
Access to other markets
New Zealand’s geographic proximity and extensive free-trade agreements (FTA) provide access to key global markets.
Flexible immigration policies
New Zealand has flexible immigration policies with a range of visa categories in place catering for investors, entrepreneurs and business managers, and active Government support for investment.
New Zealand has abundant water and arable land, and a temperate climate that supports sustainable food production. There is a stable supply of gas and electricity with up to 75 percent of all electricity generated from renewable hydro, geothermal and wind energy. This is supplemented by natural gas produced from local oil and gas fields, which is both exported and refined in-country to meet some domestic transport needs.
Exploration is encouraged in a transparent and pro-investment climate.
Transport and freight
New Zealand has world-class infrastructure across transport, logistics and telecommunications. Most major international airlines serve international airports in seven urban centres across New Zealand. Over 30 global and regional shipping lines serve privately-run, deep-water ports at internationally competitive stevedoring costs. The country also has an extensive road and rail transport system and efficient inter-island links.
The Reserve Bank of New Zealand supervises New Zealand’s banking system; its main function being to implement Government monetary policy and to maintain financial stability. It also registers and supervises other banks. The Bank’s monetary policy, defined by the Policy Target Agreement with the Government, is to maintain inflation at between 1 – 3 percent on average over the medium term.
The New Zealand Government has initiated a $1.5 billion programme partnering with the private sector to deliver fibre broadband capacity to New Zealand businesses, health institutions, schools and homes.
4G mobile networks are operating in New Zealand’s main centres, with the extension of coverage to the provincial areas to begin in 2015.
Kia Ora New Zealand