About New Zealand
Tell me about New Zealand
New Zealand is located in the South Pacific, due East of Australia. Its two main islands are approximately equivalent in size to Japan, California the United Kingdom (UK). The Country has a population of around 4.3 million people compared with the UK’s 61 million making it one of the least crowded countries in the world. Its largest city is Auckland, located at the top of the North Island, where the region has 1.3 million people and around 75% of the total population live in the North Island. New Zealand is known around the world for its scenic beauty, tourism and agriculture. The people of New Zealand are very open and friendly and have a love of sports and adventure and the major language is English. The National game is rugby and the National team is the world famous All Blacks.
The country has a moderate climate, in summer the temperatures range between 20°C and 30°C and in winter between 10°C and 15°C but vary between the top of the North Island and the bottom of the South Island. It’s time zone is 12 hours ahead of Greenwich mean time. New Zealand is the first country in the world to see the new day. New Zealand is an independent country but also a member of the British Commonwealth. It is democratic and has a central government and elections every 3 years. The House of Representatives is formed from the election and has around 120 members from various political parties elected on a mixed member proportional representation (MMP) system.
The country has a stated nuclear free policy, has always had a very stable political environment and is free from terrorist activity.
Investing in New Zealand
New Zealand has one of the freest investment markets in the world. It has virtually no tariffs on imports, no currency restrictions, a floating dollar and is an OECD country. Its legal system is based of that of England and land ownership laws provide for absolute title and ownership of property. New Zealand is the first country in the world to conclude a free trade agreement memorandum with China. The country has a Standard and Poor’s “AA+” Sovereign Credit Rating and “AA” for domestic issuances. Its banking system is extremely sophisticated and robust and overseen by the Reserve Bank of New Zealand, Financial Markets Authority, Commerce Commission and other regulatory organisations.
New Zealand actively encourages non resident investment into the country. Non residents are able to own land and all forms of property. New Zealand is consistently ranked the least corrupt country in the world by international surveys.