MSI Global's Doing Business in New Zealand Series: Michael Woodward of Christchurch accounting firm Mackay Bailey talks about New Zealand as an incredibly investment-friednly nation, especially when it comes to property - including rural, residential and commercial property. He explains that foreign investors do not have to be an NZ national or even resident in New Zealand, however, there are Overseas Investment Office (OIO) rules that need to be adhered to - investments of more than $100 million need approval, as do investments in a range of 'sensitive land' parcel - that can be as small as 0.2 of a hectare on foreshore land. That aside, this should not deter investors - there is a huge amount of foreign investment into property, especially residential housing. Michael finishes by talking about the cometitively priced value of land in New Zealand, the stablity of the economy and the robustness of accounting and legal systems.
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Duration: 2m 31s
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