Hot Topic Hot Topic Investment in New ZealandInvestment in New Zealand
INVESTMENT IN NEW ZEALAND
New Zealand – centre of the Universe
INVESTMENT IN NEW ZEALAND
New Zealand Young Country - 200 years old Quality of life Independent nation Population 4.2 million Temperate climate Famous New Zealanders
INVESTMENT IN NEW ZEALANDShrek the SheepShrek the Sheep
INVESTMENT IN NEW ZEALANDNew Zealand All Blacks soon to be World ChampsNew Zealand All Blacks soon to be World Champs
Economy Primary sector: Dairy, Meat and Wool,
Forestry, Mechanical machinery, Fruit, Fish - mostly exported
Tourism biggest earner of overseas funds, Australia, USA, Japan, China, UK, Korea.
INVESTMENT IN NEW ZEALAND
INVESTMENT IN NEW ZEALAND
Taxes Income tax Goods and Services tax
35% of Govt income spent on education, health and welfare
Double tax agreements with 32 countries Personal rates, 19.5% to 39%, companies 30% GST 12.5% on everything, except financial
services and residential property NO sales tax, payroll tax, provincial or state
taxes, CGT, stamp duty, IHT, death duties Withholding taxes reduced under DTA
INVESTMENT IN NEW ZEALAND
INVESTMENT IN NEW ZEALAND 39 million sheep, down 20% since 2000 1970’s over 80 million sheep
INVESTMENT IN NEW ZEALAND
10 years of economic re-structuring Privatization of utilities and state services Ease of cross boarder transactions Ease of doing business Duty free access to Australia - 24 million
INVESTMENT IN NEW ZEALAND
Competitiveness Economic freedom, lack of protectionism Low levels of corruption Business set up in New Zealand De-regulated labour markets
Flexibility of employment Occupancy costs lowest in world
INVESTMENT IN NEW ZEALAND New Zealand Wine Industry Sauvignon Blanc and Pinot Noir Niche, Premium wines – Premium prices Climate Research Innovative marketing $1 billion exports by 2010, UK,
North America, Australia
INVESTMENT IN NEW ZEALANDCraggy Range Hawkes Bay Australian OwnedCraggy Range Hawkes Bay Australian Owned
INVESTMENT IN NEW ZEALAND Film Industry
INVESTMENT IN NEW ZEALAND Lord of the Rings Trilogy -
17 Oscars, 13 Baftas, 4 Golden Globes Whale Rider The Fastest Indian The Piano Hercules Zena Chronicles of Narnia King Kong
INVESTMENT IN NEW ZEALAND
Cost effective locations vs. California Creativity special effects – Weta Studios Employment – lack of demarcation Disney in Auckland – close to home
INVESTMENT IN NEW ZEALAND
Primary produce – Food Safe, healthy, convenient, disease free Innovative foods Produced at lower cost vs. EU US based Links Snacks – NZ JV SK Foods, Groupe Danone, Nestle,
Oppienhiemer, Nussui.
INVESTMENT IN NEW ZEALAND
Freight – moving NZ products to the world
Distance is a state of mind – no longer a barrier to a great idea
Sophisticated networks to shift product Izard Manufacturing – Sandvik saw
blades
INVESTMENT IN NEW ZEALAND
New Zealand – A Tax Haven NZ Trusts Qualifying, Foreign, Non – Qualifying Non-residents settle NZ qualifying trust Owns assets situated outside NZ No tax payable in NZ, income or CGT. Stable government, subject to NZ laws, lower
compliance costs, no corruption, ease of doing business