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New Zealand - Economy and Infrastructure
New Zealand has a modern, developed economy and a high standard of living. The main export industries are agriculture, horticulture, fishing and forestry.
Major export partners are Australia, US, Japan, China, and Germany. New Zealand takes pride in well-developed communication, business and commercial infrastructure and a high standard of professional services. The legal and banking professions are also of high level.
Granted autonomy in 1947 New Zealand has a progressive economy that is based largely upon banking and finance. Due to changing economic situation since 1984 a major macroeconomic restructuring was made leading the country to economic liberalisation. There have been several reforms, such as the removal of interest and exchange controls allowing the free flow of capital in and out of the country.
The currency is New Zealand Dollar with no exchange controls applied.
Company Incorporation
One of the major advantages of utilising New Zealand companies is that New Zealand is a full member of the Organisation for Economic Co-operation and Development (O.E.C.D) and is not considered as a harmful tax jurisdiction.
Although it is possible to register an unlimited liability company, companies are usually either limited liability companies or companies limited by guarantee. If properly structured, a New Zealand resident company can operate as a tax free offshore company.
There is great flexibility in the incorporation and management of a New Zealand Company. It has no capital requirements and has a simple and fast incorporation procedure.
Article supplied by Company Express (UK) Ltd