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It's easy to invest and do business in New Zealand. We have a straightforward, business-friendly, taxation system that supports capital development, research and development, and international investment.
Tax in New Zealand is globally competitive and is the second most competitive of all OECD countries International Tax Competitiveness Index 2015.
Income tax is payable on your business activities, but there may be other tax obligations to consider. Specific taxes or levies will depend on your type of business and the structure you choose when establishing it.
Some key features of our tax system.
New Zealand’s banking sector successfully weathered the global economic crisis well and has emerged strongly.
The Reserve Bank of New Zealand supervises New Zealand’s banking system. Its main function is to implement Government monetary policy and 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).
New Zealand has an open door policy on bank registration. There are several major trading banks and numerous other banking institutions. Many big international banks are represented in New Zealand through agents or sales offices.
The parents of our largest banks are partially Australian-owned and are in the top 20 of Global Finance World’s Safest Banks Index for 2014.
Most investments do not need approval beyond the normal legislative business framework for New Zealand-based companies. The Overseas Investment Act 2005 regulates the acquisitions by overseas entities of 25 percent or more ownership – or control of interests – of sensitive New Zealand land and significant business assets.
View more information about acquiring business assets and fishing quota.
Many New Zealand government departments provide facilitation and information for people considering starting a business here. These include:
Contact the Wellington Regional Economic Development Agency (WREDA) Business Growth and Innovation team to find out more about specific Wellington investment opportunities.