Advantages for investing in NZ

New Zealand’s stable economy and political system, reputation for innovation and the ease of doing business make it an attractive place to invest. It is also recognised globally as being a safe place to invest and do business.

NZ ranks first in the world for:

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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.Queen City Law is an award winning law firm that specialises in Immigration and Property Law. We know immigration and property fundamentals in New Zealand.  We are very good at what we do and have achieved exceptionally high approval,  rates –as a one stop legal service provider shop our business model is to then represent these ultra high net worth individuals with all of their NZ based legal instructions and it works very well.

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.

In New Zealand there is:fade-NZ-Flag

  • no payroll tax
  • no social security tax (voluntary KiwiSaver introduced 2007)
  • no capital gains tax.

New Zealand has a recoverable Goods and Services (GST) tax (similar to VAT), and tax-deductible business expenses (including research and development) and depreciation.

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.

New Zealand boasts sound macroeconomic foundations, including:

  • a relatively strong fiscal position and a commitment to reduce net public debt to less than 20 percent of GDP by the early 2020s. Read the Government’s Budget Policy Statement 2014.
  • legislative requirements to maintain public debt at prudent levels
  • being among the top 20 rated sovereigns in the world: Standard & Poors gives New Zealand an AA+ local currency rating, an AA foreign currency rating and an AAA T&C assessment
  • maintaining a low-inflation environment for more than two decades; independent monetary policy and a focus on price stability; a long-standing floating exchange rate and no exchange controls or restrictions on repatriation of funds.

Access to other markets

New Zealand’s geographic proximity and extensive free-trade agreements (FTA) provide access to key global markets.

New Zealand currently has FTAs in place with:

China

Australia

Vietnam

Philippines

Cambodia

Brunei

Indonesia

Hong Kong

Myanmar

Thailand

Malaysia

Laos

Singapore

Chile

Negotiations are under way with India, Korea, Russia, Belarus and Kazakhstan, and New Zealand is a key driver behind the Trans Pacific Partnership.