New Zealand ranked Best in World to do Business…

November 26, 2012


New Zealand has topped a list of the best countries to do business thanks to its "transparent and stable business climate" that fosters entrepreneurial spirit. After coming second in 2011, New Zealand leaped into first place on this year's list, which is compiled by American business magazine Forbes.

Although New Zealand was the smallest economy in the top 10, with a GDP of NZD$162 billion, it was ranked highly for personal freedom, investor protection, lack of red tape and lack of corruption.

Other factors in New Zealand's high ranking were its corporate tax rate cut last year and the NZX 50's 24 per cent rise in 12 months.

"New Zealand's economy is closely tied to Australia's, and both held up better than most during the global financial crisis," Forbes said.

"The downside to the resilience of its economy is that the New Zealand dollar has appreciated, making the country's agricultural exports more expensive."

While New Zealand might have more regulation than some other countries, Auckland Chamber of Commerce chief executive Michael Barnett said it was good place to do business.

"By comparison it might have more regulation than some of our neighbours, but whatever laws are in place are pretty transparent," he said.

Australia missed the top 10, coming in at No 11.

Rankings

1 New Zealand

2 Denmark

3 Hong Kong

4 Singapore

5 Canada

6 Ireland

7 Sweden

8 Norway

9 Finland

10 United Kingdom

If you are looking to get involved in business within New Zealand and want to find out more, then get in touch with emigration experts The Emigration Group today on 01244 321414.

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