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OPEN FOR BUSINESS An introduction to New Zealand August 2014.

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Presentation on theme: "OPEN FOR BUSINESS An introduction to New Zealand August 2014."— Presentation transcript:

1 OPEN FOR BUSINESS An introduction to New Zealand August 2014

2 THE NEW ZEALAND BUSINESS ENVIRONMENT Section 02

3 PageTHE NEW ZEALAND STORY A TRUSTED BUSINESS ENVIRONMENT Forbes Magazine International Budget Partnership Transparency International World Bank Reputation Institute Best Countries for Business 2012 Open Budget Survey 2012 Corruption Perceptions Index 2012 Ease of Doing Business Report 2012 Country Reptrak 2013 Denmark Hong Kong Singapore Canada Ireland Sweden Norway Finland United Kingdom Australia United States Belgium Netherlands Switzerland Taiwan Chile Luxembourg Iceland France South Africa United Kingdom Sweden Norway France United States Republic of Korea Czech Republic Russia Slovenia Brazil Germany India Slovakia Chile Bulgaria Uganda Spain Indonesia Denmark Finland Sweden Singapore Switzerland Australia Norway Canada Netherlands Iceland Luxembourg Germany Hong Kong Barbados Belgium Japan United Kingdom United States Chile Singapore Hong Kong United States Denmark Norway United Kingdom South Korea Georgia Australia Finland Malaysia Sweden Iceland Ireland Taiwan Canada Thailand Mauritius Germany Canada Sweden Switzerland Australia Norway Denmark Finland Netherlands Austria Germany Ireland Belgium Japan United Kingdom Italy France Spain Portugal Singapore NEW ZEALAND Source: Forbes, World Bank, Transparency International, International Budget Partnership, Reputation Institute 3

4 PageTHE NEW ZEALAND STORY Global Enabling Trade Report 2014 Ranks nations on their ability to facilitate Trade and Investment FOCUSSED ON GLOBAL TRADE SINGAPOREHONG KONG SAR NEW ZEALAND 3 5 NETHERLANDSFINLAND Source: World Economic Forum, Global Enabling Trade Report 2014

5 PageTHE NEW ZEALAND STORY5 MULTINATIONALS OPERATING IN NEW ZEALAND THE NEW ZEALAND STORY5 Source: New Zealand Trade and Enterprise

6 Page Six pillars for growing New Zealand’s export economy From 30-40% GDP on Exports by A GOVERNMENT FOCUSSED ON GROWTH Business Growth Agenda Export Markets InnovationInfrastructure Natural Resources Capital Markets Skilled and Safe Workplaces 6THE NEW ZEALAND STORY Source: New Zealand Government

7 PageTHE NEW ZEALAND STORY RANKSTOCK OF DIRECT INVESTMENT IN NEW ZEALANDTOTAL INVESTMENT 1AUSTRALIANZ$63.3B 2UNITED STATES OF AMERICANZ$11.0B 3UNITED KINGDOMNZ$5.6B 4SINGAPORENZ$4.0B 5NETHERLANDSNZ$3.2B 6JAPANNZ$3.1B 18CHINACONFIDENTIAL OTHER COUNTRIES (INCLUDING CHINA)NZ$20.6B WELCOMING TO INTERNATIONAL INVESTMENT 7 Source: Statistics New Zealand March 2013

8 Page Easy transfer of goods, energy and information to international and domestic markets MODERN INFRASTRUCTURE Copy goes here 8THE NEW ZEALAND STORY Source: Global Trade Atlas, 2013 (Port Locations)

9 PageTHE NEW ZEALAND STORY SOUND MACROECONOMIC BASE No restrictions on repatriation funds. Low inflation environment. A strong banking sector. 9 Flexible exchange rate.

10 Page 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. 10THE NEW ZEALAND STORY

11 Page THE OVERSEAS INVESTMENT OFFICE REVIEWS SIGNIFICANT INVESTMENT APPLICATIONS 11 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. 11THE NEW ZEALAND STORY

12 PageTHE NEW ZEALAND STORY PRIORITY INVESTMENT SECTORS Biotechnology Financial Services ( shared, insurance, call centres) 12 ICTInfrastructure Oil and GasTourism Manufacturing ( focus on high value food) Primary Sector ( dairy, aquaculture, wine)

13 Page Click to edit Master title style A trusted business environment. Welcoming to international investment. Sound macroeconomic base. Simple tax structure. Compelling investment opportunities. IN SUMMARY 13THE NEW ZEALAND STORY

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