The following Commercial practice note Produced in partnership with Silvia Curin Brown of Minter Ellison Rudd Watts and Rodney Craig of Minter Ellison Rudd Watts provides comprehensive and up to date legal information covering:
Updated in August 2020
The business environment
Forming a company
Financing a company
Opening a branch office
Opening a bank account
Utilising office space
Key employment laws
Contracting with third parties
Protecting key assets and employees
New Zealand is an open and competitive economy with a population of around 5 million. New Zealand has a range of strong manufacturing and service sectors, which complement a highly-efficient agricultural sector. The economy is strongly trade-oriented, with the agricultural, horticultural, forestry, mining, energy and fishing sectors playing an important role in the export sector and employment. Overall, the primary sector contributes over 70% of New Zealand’s merchandise exports. Foreign investment is generally welcomed and the government is supportive of business, economic development and employment growth.
New Zealand is currently ranked by the World Bank as the best country in the world for ease of doing business and starting a business.
New Zealand has also been ranked as the second least corrupt country, behind Denmark, by Transparency International in its Corruption Perceptions Index 2019.
The strength and durability of New Zealand’s economy can largely be attributed to the following factors:
a strong primary sector that is quick to respond to global opportunities
a flexible economy, which has been able to respond to shifts in markets and manage significant economic shocks
a generally sound and sustainable macroeconomic framework, which has led to a marked reduction in
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