What’s NZ like for Business ? 8 Universities, 20 + Polytechnics 8 Crown Research Institutes Professional and skilled workers Competitive costs – c30% lower than Australia Robust, modern infrastructure
EXPORT = LIFE Exports USD 10 billion = 30 % g.d.p Free Market with Australia = 23 million Singapore on board Hong Kong under negotiation USA, Chile, ASEAN?
Where Do The $’s Come From? Visible Exports Dairy, Meat, Wood and Wool - 65% Added Value Manufacturing - 25% Invisible Exports Tourism, Software and Consultancy
Taxation in NZ Main taxes are Income Tax and Goods and Services Tax (GST) Personal Tax Rates: 15% on income NZ$0- $9,500 21% on NZ $9500- $38,000 33% on income NZ$ 38,000- $60,000 39% above NZ$60,000 GST applies at a uniform rate of 12.5% Company Tax 33%
IT Industry in NZ NZ IT Valued at $9.5 billion Approximately 50,000 employed in IT 4,500 IT students in NZ Universities 1,500 graduates annually 40% increase in graduates since 1998 Trend encouraged by Government
New Zealand - Ideal Test Market Cost-effective testing Scaleable demographics Sophisticated market of early adopters A season ahead of the Northern Hemisphere
Fertile Biotechnology Environment Relatively disease free animal health status New Zealand - the premier location for producing human pharmaceuticals through farm animals High quality and cost competitive Government and university research facilities A science community with strong international linkages Research focuses on both agbiotech and human health
Fertile Biotechnology Environment Biological sciences are a strength of New Zealand tertiary education sector New Zealand produces more graduates in biology than any other science discipline New Zealand has a deep resource of people with intellectual capital in the biological sciences
Back Office Processing (SSC) New Zealand represents a cost effective location compared to other Western countries for both labour and infrastructure costs New Zealand has international and national telecommunications infrastructure to undertake cross border back office processing operations New Zealand employees are customer service centric New Zealand provides a 24x7 work force
Back Office Processing (SSC) Total annual operating costs for a 100 person, transaction processing back office facility, percentage cost saving in Auckland compared to Australian and US locations
Investment Overview New Zealand welcomes investment from international companies Seeks to build on and complement the relationship with it’s trading partners
Ease of Starting a New Business 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 Italy Japan Germany France Denmark Sweden Australia Ireland Netherlands Britain Finland Canada New Zealand United States Source: The Economist October 1999
Venture Capital High business birth rate - 22.7 % 96 % of companies employ less than 20 people Deal flow = 400 for first 5 months 2001 Less than 5 % invested
Venture Capital Returns = 25 - 40% p.a. No capital gains tax NZD 500 m – 1 b invested + same available = 0.8 % of private capital investment (US 2.4%)
Opportunities Funding and management collaborations Client / investee company synergies, e.g: Wireless communications and the Internet 3D imaging and computer animation Genetics and biopharmaceuticals High tech niche manufacturing
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