New Zealand is a Pacific island paradise, with an amazing landscape that offers both residents and visitors a huge variety of things to do. However, New Zealand has more to offer than just balmy beaches, incredible wildlife encounters and epic mountain terrains. In fact, the business community in some of its major cities has placed the country on the map in the Asia-Pacific market.
For the most part, the Kiwi business landscape has a lot of promise for those looking to venture into the country’s industries. Interestingly, while the country is known for tourism, New Zealand’s government structure almost prime the country for the type of business that can bring all types of industry to the country. While most places offer very little encouragement, navigating New Zealand’s business landscape can be done.
Continue reading for some tips on how best to navigate New Zealand’s business scene.
If looking to relocate your business to the country, finding office space is not difficult. In fact, the office landscape is such that those not wanting to traverse the tricky conventional office landscape have other options. The virtual office has long been a favourite of those looking to test markets in other countries as it provides your business with a dedicated address and phone number, IT services and access to conference and meeting rooms. Coworking operates similarly, but it pretty much is shared floor space that offers you the chance to work with a diverse array of professionals. Click on the link at http://www.servcorp.co.nz/en/coworking/ to see how coworking works.
If you must have an office, the serviced office or the executive suite are also viable options. While you might only find businesses in larger cities offering serviced offices, it is another way to temporarily lease space in locations that are attractive to business. Typically, these spaces come furnished and with all of the amenities you might find in a standard office.
For those looking to traverse the red tape of setting a business, New Zealand is definitely the place. Sited as one of the easiest places to set up shop, you can find yourself setting out your shingle in a hassle-free and corrupt-free environment. Plus, the country does not have capital gains tax (CGT), so that’s always great for business. The government supports industry and innovation, and this can be seen in the number of grants and incentives for research.
New Zealand’s business climate is one that focuses on a number of industries, and while the government provides its own incentives for industries, start-ups seem to flourish in this area, especially in Wellington. Other industries that make up the country’s economic fabric include large corporations, but there also seems to be an influx of green technologies and businesses, in addition to media entrepreneurs scoping out the economic landscape.
FYI On Business Culture
While Kiwis take care of business, the culture supports a more laid-back environment. Those who work and manage a business in the country will be pleasantly surprised to find that competitiveness is not a popular attribute and that people tend to work cooperatively. In fact, one site suggests that the Maori culture influences a lot of the business practices in the country, so someone looking to open a business should be aware of this nuance in the New Zealand business culture.
Navigating The Kiwi Business Landscape
Opening a business in a new location, much less country can be a daunting prospect. However, New Zealand’s friendly, mostly transparent business climate is the place to start your business if you are leery about opening a business in a foreign country. With government incentive and favourable tax laws, your business can be up and running in no time.