SECTOR SPOTLIGHT: 2014’s Pipeline to Success: Partnering with... Ronald W. Angland & Son, Barrister & Solicitors, NZ is a general practice law firm established in 1965 with offices in Christchurch (urban office) and Leeston (rural office), providing legal advice on residential, commercial and rural property transactions, overseas investments in New Zealand (NZ) including joint ventures and investor immigration advice. The firm is registered with the NZ Law Society. John Angland, senior partner talks about NZs current business environment: “NZ is being called the ‘rock star’ economy of 2014; business conditions and confidence are very positive at present. Economic growth is being driven by many factors, including property related developments in Auckland and Christchurch, in particular the Christchurch earthquake rebuild,
Company: Ronald W. Angland & Son Name: John Angland Email: john@anglands.co.nz Web Address: www.anglands.co.nz Address: 89 High Street, Leeston, Canterbury, New Zealand Telephone: +64 3 3243033 and +64 27 2289915
along with tourism and primary sector exports; dairy, meat and fibre and IT services are also doing well.”
also attractive for international investors who may be considering relocating or establishing a secondary residence.
NZ is a safe haven (bolt hole) with a stable democracy and generally a conservative government. It is a clean green country with majestic mountains and many rivers, a recreational paradise and producer of high quality food, including sea food, with an abundant supply of high quality water. The people are innovative and willing to work hard to achieve their goals, which is very useful for new business start-ups.
When considering overcoming NZs challenges Mr Angland says: “The high NZD affects exporters, however this strength is a reflection of how other countries see NZ in world markets, and that NZ is in a growth phase. Ensuring agricultural exports are clean and pure and biosecurity are all extremely important.
With leading edge electronic banking and telecommunications services, along with internationally competitive bank deposit rates NZ is set to see international deposits rise. The Reserve Bank keeps inflation between 0-3%. NZ has no capital gains tax, gift duty or death duty. Non-resident withholding tax is only 10%. and investment in R&D is increasing. All of these factors are very attractive for investors. Residential, commercial and rural property investments, forestry, marine farming and wild seafood and technology start-ups offer the greatest opportunities for investors. Immigration policies are sympathetic to people who have skills and/or are financially sound. The recent relaxing of the requirements for overseas persons to obtain permanent residency in NZ is
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“Positive immigration and growth across most sectors is resulting in growing business confidence and falling unemployment and if re-elected this year, a further three years of a national led government will create further opportunities and ongoing stability.” There is a need for more foreign investment to enable the production of high quality products and services. Mr Angland explains; “We cannot feed the world; we need to add value to our products and seek a premium for them. “The Chinese are investing heavily in NZ’s primary sector assets. Now is the time for European and UK investors to seriously consider NZ as an option for both asset protection and investment purposes.”