New Zealand has one of the most open and competitive economies in the OECD, making it attractive to overseas investors.
New Zealand’s legal and political systems are based on the British system. We enjoy a stable democracy and progressive governments. The country is widely recognised as being corruption-free.
The New Zealand economy generally enjoys sustainable growth, low inflation, low unemployment, and controlled public debt levels. New Zealand’s major trading partners are Australia, USA, Britain, Japan, Korea and China.
As a market-driven economy, New Zealand is highly geared towards overseas trade. While farming has historically been the country’s most important sector; recent decades have seen significant growth in tourism, manufacturing and the service industries.
An overseas company may carry on business in New Zealand by forming a New Zealand company as a subsidiary, or by registering as a branch. There are different reporting and tax requirements for both options.
Wynn Williams can advise on all aspects of setting up in business and trading in New Zealand. Please contact one of our specialists below: