New Zealand's legislative framework and the Overseas Investment Act
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.
- 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).
For more information about acquiring business assets and fishing quota, please refer to Land Information New Zealand. For information about the Government's review of the Overseas Investment Act, visit The New Zealand Treasury.
Please feel free to contact the Capital team for further assistance.
Other useful organisations
- The Inland Revenue Department website provides information about individual and business taxation in New Zealand, including all the necessary procedures and forms.
- Immigration New Zealand provides facilitation services for businesses sourcing or relocating international staff.
- The Overseas Investment Office, part of Land Information New Zealand, administers the New Zealand Government's foreign investment policies. The core work of the Office is to assess applications for consent from foreigners who intend on making substantial investments in New Zealand.
- The Ministry of Business, Innovation and Employment focuses on sustainable economic development. Its website provides information about all aspects of New Zealand's economic development policies including the legal framework, the regulation of specific markets, policy-making and implementation.
- The New Zealand Law Society can help you locate a suitable law firm, should you need legal advice.