Transcript the new zealand business environment

THE
NEW ZEALAND
BUSINESS
ENVIRONMENT
APRIL 2016
A TRUSTED
BUSINESS
ENVIRONMENT
Forbes Magazine
International Budget
Partnership
Transparency
International
Best Countries for
Business 2015
Open Budget Survey
2015
Corruption Perceptions
Index 2015
Ease of Doing
Business
Report 2016
Country Reptrak
2015
Denmark
Singapore
Canada
Denmark
NEW ZEALAND
Norway
Ireland
Sweden
NEW ZEALAND
2
Sweden
South Africa
1
Finland
NEW ZEALAND
Sweden
Denmark
NEW ZEALAND
Norway
4
United States
Netherlands
Finland
Brazil
Norway
Canada
France
Switzerland
Singapore
United Kingdom
Singapore
Romania
Canada
Peru
Germany / Luxembourg
Netherlands
United Kingdom
Reputation
Institute
World Bank
South Korea
Hong Kong
2
Norway
Sweden
Switzerland
Australia
Finland
United Kingdom
United States
Sweden
Norway
Finland
NEW ZEALAND
7
Denmark
Netherlands
Belguim
Source: Forbes, World Bank, Transparency International, International Budget Partnership, Reputation Institute
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FOCUSSED
ON GLOBAL
TRADE
Global Enabling Trade Report 2014
Ranks nations on their ability to facilitate
Trade and Investment
1
2
3
4
SINGAPORE
HONG KONG SAR
NETHERLANDS
NEW ZEALAND
5
FINLAND
Source: World Economic Forum, Global Enabling Trade Report 2014
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MULTINATIONALS
OPERATING IN
NEW ZEALAND
Source: New Zealand Trade and Enterprise
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A GOVERNMENT
FOCUSSED ON
GROWTH
Six pillars for growing New Zealand’s export economy
From 30-40% GDP on
Exports by 2025
Export Markets
Infrastructure
Innovation
Business
Growth
Agenda
Skilled and Safe
Workplaces
Natural Resources
Capital Markets
Source: New Zealand Government
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WELCOME TO
INTERNATIONAL
INVESTMENT
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MODERN
INFRASTRUCTURE
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7
SOUND
MACROECONOMIC
BASE
No restrictions on
repatriation funds.
Flexible exchange rate.
Low inflation environment.
A strong banking sector.
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SIMPLE
TAX
STRUCTURE
A business-friendly tax
system that supports
capital expansion, R&D
and investment.
Recoverable Goods and
Services (VAT) Tax.
Tax-deductible business
expenses (including R&D)
and depreciation.
28%
Corporate tax rate.
No payroll tax.
No capital gains tax.
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THE OVERSEAS INVESTMENT
OFFICE REVIEWS SIGNIFICANT
INVESTMENT APPLICATIONS
The Overseas Investment Act (2005)
regulates the acquisitions by overseas
persons of:
•
25% or greater,
•
ownership or control of interests
in sensitive New Zealand land
•
significant business assets.
Sensitive assets include: land,
water and space, business
assets of more than
NZD$100m and fishing quota.
A large number of investments
don’t need approvals.
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PRIORITY
INVESTMENT
SECTORS
Biotechnology
Financial Services
(shared, insurance, call centres)
Manufacturing
(focus on high value food)
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ICT
Infrastructure
Primary Sector
Oil and Gas
(dairy, aquaculture, wine)
Tourism
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IN
SUMMARY
• A trusted business environment.
• Welcoming to international investment.
• Sound macroeconomic base.
• Simple tax structure.
• Compelling investment opportunities.
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