New Zealand offers plenty of fiscal advantages for those interested in doing business in its bustling economy. The country has consistently been one of the best places in the world to do business according to the World Bank Group. It offers great fiscal conditions for investors looking to start commercial operations. It’s world-ranking transparency standards make for an open commercial environment backed by a strongly international business-focused government. Increasing international ties and strategic location give the country’s commercial actors expansive reach into major regions such as Asia.
Investors and entrepreneurs expanding into this thriving market have access to a highly educated, innovative workforce, capable of supporting highly productive operations and driving up business confidence.
As well as its simplicity, the New Zealand tax system has the major attraction of predictability, fairness and a minimum of loopholes. It is also a relatively favorable tax environment for your earnings and assets. In fact, in 2016 the US-based Tax Foundation ranked New Zealand’s overall tax system as second in the developed world for its competitiveness – and top for its individual (personal) taxes. Foreign investors and entrepreneurs moving into this market also have the support of local legal and accounting experts to help them navigate their tax and accounting obligations.
For more information about our accounting and taxation services in New Zealand, please get in contact with our local team.
Learn more about our accounting and legal experts, and the accounting and taxation support we can provide.