Research Paper on New Zealand:
New Zealand has a history of successful overseas partnerships with United States and Canada. Other international businesses in the country have also shown amazing commercial results. New Zealand’s “can do” attitude together with great public infrastructure and high-class telecommunications make the country a very attractive place to do business in.
New Zealand has a favorable climate for investors. In the country, there are a number of companies that serve as a link between foreign investors and New Zealand business environment. They offer support to those who want to relocate business to New Zealand, establish a partnership or joint venture and help with coordination, communication services, point out strategic sectors and high-growth industries, identify sustainable business projects and develop investment solutions.
New Zealand has a stable and efficient market economy. It is a member of numerous free-trade agreements and its government shows energetic support for overseas investments.
New Zealand has strong legal and business relations with its closes neighbor, Australia, and a duty free access to country’s population of 24 million. New Zealand has also economic cooperation agreements with Singapore, Thailand, and China, which considerably enlarges New Zealand’s consumer market.
Infrastructure for Business
New Zealand is historically an export country and it has developed modern telecommunication technologies and efficient logistics. The country has numerous ports, global airlines, and high-capacity submarine fiber-optic cables.
The country went through more than a decade of reforms and now it has stable economy read for long lasting international competitiveness. Utilities and state services like postage and rail service were privatized that helped to establish one of the world’s most efficient economies. Free mass media ensures that corporate and government actions are fair and open to the public.
According to the World Competitiveness Yearbook, 2005, New Zealand is third in the world in easiness of cross-border transactions and 16th in the list of competitive economies. The government is proactive in providing an environment that enables international investors to relocate, and/or collaborate with New Zealand businesses.
New Zealand has business-friendly taxation system. Taxes are favorable for capital development, research and development and international investments.
Competitive Business Costs
The country has flexible labor policies, competitive property and telecommunications costs that attract multinational investment projects to New Zealand.
Attractive Business Sectors
New Zealand is one of the world leaders in health industry, agriculture, forestry, animal and environmental researches. The country is very attractive for film-makers; it has fantastic views and well-developed post-production industry. New Zealand has well-qualified specialists with relatively low wages. New Zealand is well known for the safety and quality of its food and constantly works on innovation of consumer products. Nation’s manufacturing and engineering is well-developed and has partners all over the world. The country also offers great pine forest and internationally recognized wood products.
New Zealand has population of slightly over 4 million people. The projections are that population will continue growing, but at slowing rate. Fertility is declining in the country, but life expectancy is rising. The country has open immigration policies. The government wants to increase its population by 1% annually. 23% of the population was born overseas, which is one of the highest rates in the world. Due to the growing number of immigrants there is increasing internationalization of labor market. Major part of population has European origin, minorities include Maori, Pacific Islanders, Chinese, and Indians. This diverse society has created some racial tensions, but they have been insignificant compared to other countries. New Zealand has, by OECD standards, high birth rates. This has provided New Zealand with a relatively young population and continuing labor force growth. The increase in income from 2003 to 2006 has been around 4.4 %.
Investment in Property
For those who want to invest in real estate in New Zealand, there are many reasons to do so. There no mortgage stamp duty, land tax, stamp duty, property purchase tax, nor capital gains tax. New Zealand currency has usually been weak compared to US and Australian dollars and UK pound. These favorable exchange rates make the property even cheaper for foreign investors.
New Zealand is geographically isolated from the rest of the world, but the country is first to see each new business day.
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