NZ Business Environment
In spite of its status as a small nation, New Zealand has established itself as one of the top places to start a business due to its economic stability and potential for growth. The steady GDP growth shows that consumer spending has been growing steadily over the past year and shows no signs of slowing down. This makes it an ideal place for you to ride on this wave of economic success.
In addition to this, the New Zealand government seems to be both willing and able to support entrepreneurship and business. It has traditionally offered strong infrastructural support for such activities with the provision of grants by New Zealand government for startups, mentoring and low cost legal advice for owners to structure and manage their businesses.
Furthermore, New Zealand has traditionally maintained good relations with countries in the Asia Pacific. For example, its close relations with Australia have resulted in the Closer Economic Relations agreement, a Free Trade Agreement, which gives each country free access to the other’s markets. Essentially, amongst other benefits for businesses, this means that no tariffs will be placed on exports to and imports from Australia to New Zealand. This would be ideal if you are considering eventually expanding into other markets. These two factors are important to consider especially when considering the long term future of your business.