Copyright 2005 Ofer Shoshani
Investing in New Zealand might be much easier than investing in other western countries, thank to the excellent infrastructure, the low taxes and the assistance of the supportive NZ government.
Technological Face of New Zealand
New Zealand has a unique reputation within the global market place. This country offers a complicated dichotomy – a technological savvy environment with a laid back attitude. New Zealanders are known for their ability to get things done, their wiliness to be on the cutting-edge of technology, and their friendly, welcoming attitudes. This combination comes together to form an inviting environment for investment.
New Zealand – All Wired Up
New Zealand has made aggressive steps towards encouraging investment and advance technology interests. In fact, New Zealanders are notorious for being early adopters of technology. New Zealand has one of the highest investments in information technology in proportion of GDP in the world. New Zealand may be on the other side of the world, but the aggressive technological advances make New Zealand seem like a next-door neighbor.
New Zealand has several sophisticated telecommunication access points, with companies such as AT&T, British Telecom, Bell Atlantic, Sprint Cable & Wireless and Telstra operating affiliate sites in New Zealand. In 2000, Southern Cross Cable established a sophisticated fibre optic system through out New Zealand, linking via satellite systems to San Francisco, Hawaii, Australia and Fiji. This high powered system allows the transfer of data at lightening speeds, the equivalent of two full-length motion pictures every second.
New Zealand’s Potential
Some people may not be aware of the potential of New Zealand – after all, this seemingly sleepy island is sometimes referred to as a suburb to the rest of the world. But if the potential for investment of New Zealand is overlooked, it’s a serious mistake. New Zealand offers a secure and inviting business environment. International investors are given an opportunity to invest in highly specialized industries, such as information and communications technology, wood processing, biotechnology, niche manufacturing, call centers, and screen production. With a highly educated work force, and a welcoming corporate tax rate of 33% and either little or no capital gains tax, New Zealand offers the perfect platform for business investments.
New Zealand has a proven track record for international investors – Australian investors have invested nearly 20 billion NDZ, the United Kingdom 7.3 billion NDZ, and the US 5.6 billion NDZ in New Zealand business. New Zealand’s efficient, market based economy makes business investment in New Zealand straight-forward and efficient. New Zealand offers a positive environment for international investors, giving them an opportunity to position themselves in innovative, high value research and development. In fact, New Zealand offers 100% deductibility for research and development expenses.
New Zealand government is highly supportive of international investment in the New Zealand economy and is actively working to create investment opportunities throughout New Zealand.
More on New Zealand Real Estate & Investment Opportunities could be found at http://nzpassport.com/artman/publish/cat_index_48.shtml
About the author:
Ofer Shoshani has been working for the last 5 years as a professional journalist, writing about finance, economy, travel and lifestyle. During these years he lived and wrote from Spain, Colombia, Venezuela, Peru, Ecuador, USA, Israel, India & Thailand. More of his work could be found at http://www.bespanish.com
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