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Trade

Wellington Startups. A new opportunity.

New-Zealand is one of the most business-friendly countries in the world. Because of enough resources in the country, there are so many startups are growing up. In New Zealand, you will get the maximum benefits as an entrepreneur. There are some cities in New Zealand which are playing a vital role to increase the startups in New Zealand. One of the most startup-friendly cities in New Zealand is the Wellington City. You will find almost any type of resource and support which you needed to start a small business.

In Wellington, you will find so many industry leaders; they will encourage you and provide you the proper guidance for your business growth and success. This is not a big city, and the population is fewer, but the environment is perfect for the startups. The best part of Wellington city is the business and start up community. Managing a business load is so much easy in this city if you have a fabulous idea. The only thing you need to do is generate a decent idea and make a proper plan for the implementation.

Why are Start Up Companies Growing at Wellington?

Startup Community: There is a startup community in Wellington which is a network of collaboration which is significantly helpful for new startups. They also celebrate startup weekend where they arrange entrepreneur’s events. There is a chance to meet with the influencers. That means, there are opportunities to share experience with the real entrepreneurs. Also, have web stock which is an annual technology conference with international guests.

Supportive: As an entrepreneur, I love the supportive people of this city. When you are a new entrepreneur and going to start a new small business, you needed care from different types of individuals. That is why Wellington is the best place to initiate the business. There is a wide range of organizations, and they arrange boot camp and other business related conference for the newbies. Sometimes you also need some financial support to carry on your business, and some organizations have made this process easier. 

Startup Programs: In Wellington, there are so many incubator and accelerator programs arranges in all the time of a year. This is a perfect way to gain some knowledge for your future business. Here you will learn where to invest and where you shouldn’t spend. You will learn the basic things of the advanced stuff. Successful entrepreneurs share their success stories, and they also share the things which they have considered to start the business. Another thing which I love a lot is the networking probabilities. Maybe you will be able to arrange a good investment on your idea, or you will get a partner who knows some basic things about your idea better than you.

Without the above reasons, there are also some other opportunities which you will love a lot. If you have an excellent idea and you are confident enough, plan to start your business in Wellington in New Zealand for the maximum success. 

For all of your market access and entry strategy needs, click here to get in touch with the Gravis Global Invest team today!

 

 

Foreign Investment in New Zealand

With the scrutiny on foreign investment here in Australia, it would also be worth noting that New Zealand is undergoing a similar conversation about foreign investment in the 'Land of the Long White Cloud'. 

In New Zealand, this has been largely triggered by big investments into two sectors; Housing (particularly in Auckland) and into the famous Dairy Industry. KPMG found Canada accounted for 22 percent of overseas investment in 2013-2014.

China - though by far the biggest foreign player in the dairy sector - was second on overall investment with 14 percent, followed by the US (13 percent) and Australia (11 percent). The US was the biggest buyer of land in that period.

The report, Foreign Direct Investment in New Zealand: Trends and Insights is the second of its kind by KPMG and is based on Overseas Investment Office (OIO) decisions over the last two years. To read that report click here.

The issue of housing investment into the New Zealand housing market has become a big issue in New Zealand politics. This has caused the Key Government to introduce a suite of restrictions on foreign home buyers as fears rise about the effect of this investment on home prices, especially in places such as Auckland. 

In May 2016,  Land Information New Zealand (LINZ) released data which showed that 474 out 11,955 houses sold between January and March in 2016 went to non-residents.

Of the sales to foreign buyers, 276 houses went to Chinese residents. The next biggest investors were Australians, with 45 properties.

Across all of New Zealand, 3 per cent of houses sold between January and March went to people who were not New Zealand citizens or holders of a residency, student or work visa.

Chinese tax residents snapped up 321 of those properties (29.5 per cent of non-resident purchases), followed by Australians on 312 properties (28.6 per cent).

However, fears around loss of sovereignty and suspicion around the motives of Chinese buyers are prompting a rise in protectionist politics; from One Nation and the Greens on the right and the left of Australian politics and New Zealand First on New Zealand's right and the Greens on New Zealand's left. 

A large number of investments do not need approvals beyond the normal legislative business framework for New Zealand-based companies.

The Overseas Investment Act 2005 regulates the acquisitions by overseas entities of 25 percent or more ownership or control of interests of sensitive New Zealand land and significant business assets.

However, just as Australia has an independent Foreign Investment Review Board (FIRB), New Zealand has regulatory arrangements as to what needs higher 'testing' from government. These tests are unique to the growing economic circumstances New Zealand faces. New Zealand has seen as massive growth in its economy since John Key came to power after a long term of Helen Clark as New Zealand's Labour Prime Minister. 

These three tests are:

  • sensitive land (eg farm land, historical landmarks, regional parks)
  • significant business assets (eg New Zealand securities or assets, or the establishment of a business, worth more than $100 million)
  • fishing quota (an interest in fishing quota or securities in a person that owns an interest in fishing quota).

However, this is balanced by an efficient Department of Trade and Enterprise that can assist with investment into New Zealand successfully. 

Some of the services NZTE can provide include:

  • supplying general and customised reports on New Zealand investment opportunities, costs and regulatory processes for your investment
  • facilitating your visit to New Zealand by identifying potential investment targets and arranging suitable meetings, including introductions to other contacts in New Zealand (eg regional economic development agencies) that could support your investment
  • facilitating the selection of suitable sites for your investment project
  • helping coordinate your investment, including providing information and facilitating access to other Government assistance programmes, and helping to remove potential obstacles
  • providing information about potential New Zealand-based advisors or suppliers for your investment project

With our team having extensive dealings with New Zealand Government agencies, we are perfectly placed to assist investors in their regulatory engagement with New Zealand. If you would like to talk further, please click on the button below.

Business and Skilled Migration Queensland Visa Update Seminar

This event is part of the Queensland International Business Series – 10 – 21 October 2016.

Business and Skilled Migration Trade & Investment Queensland’s Business and Skilled Migration Department, in collaboration with Asialink Business, and Chartered Accountants Australia and New Zealand invite you to attend an informative workshop on Queensland State Nominated migration visas and the benefits for your clients.

Hear from an expert panel on changes relevant to Queensland’s State Nomination visas, as well as their insights on how professional services providers can work together to provide best advice to new business migrants to Queensland.

The distinguished speakers will discuss Queensland State Nomination visas, criteria changes, outcomes for your clients and how onshore and offshore migration agents can expand on their business knowledge with the support of local professional service providers.

This event will include a moderated Q&A with a panel of experts.

Registrations close Friday 14 October 2016.

PANELISTS

  • Moderated by Greg McKean, Manager – Business & Skilled Migration Queensland, Trade & Investment Queensland.
  • Glenn Ferguson AM – Managing Director, Ferguson Cannon Lawyers
  • Lisa Wilson – Senior Manager, International Executive Services team, KPMG
  • Murray Davis, Queensland Government Trade & Investment Commissioner for Taiwan