The ISO code of New Zealand is NZ according to ISO 3166 standard. The local name of the country is Aotearoa. Wellington is the capital city of New Zealand. The official languages of New Zealand are English, Māori. On 25 November 1947, New Zealand emerged as a sovereign political entity. The largest cities in New Zealand are Wellington, Auckland, Christchurch.
New Zealand is located in the UTC +12:00 time zone, which is also called New Zealand Standard Time or NZST. The internet country code top-level domain (ccTLD) for New Zealand is .nz. Other domains assigned to New Zealand are .kiwi. The International dialing code for New Zealand is +64. People in New Zealand drive on the left side of the road. Total land area of New Zealand is 270 467 km2. New Zealand is not a landlocked country.
New Zealand is located in the part of Oceania. New Zealand is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently New Zealand faces various issues including deforestation, soil erosion, native flora and fauna hard-hit by invasive species.
Doing business in New Zealand
We offer various corporate services in New Zealand jurisdiction. These services can serve both, people coming from New Zealand and foreigners. If you plan on doing business in New Zealand you might be interested in contacting us.
To find out about starting your business in New Zealand click on company formation in New Zealand.
To find out how to open a bank account in New Zealand and moreover what type of account Confidus Solutions suggests to create, please click on bank account in New Zealand.
Choose preferred service below or continue reading to find out more about New Zealand.
Demographics of New Zealand
The total population of New Zealand is 4 629 580 people. In New Zealand, the population density is 17.12 people per square kilometer (45 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is diverse according to a fractionalization scale which for New Zealand is 0.3969. New Zealand has 1 132 828 million foreign immigrants. The median age is approximately 37.6 years. In New Zealand, 89.51 in every 100 people use internet. New Zealand has a Human Development Index (HDI) of 0.91.
The main religion of New Zealand is Christianity. New Zealand is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of New Zealand.
Culture of New Zealand
People in New Zealand speak English, Māori languages. According to data on inbound tourists in New Zealand, 2 629 000 tourists arrive in the country each year. The first McDonalds in New Zealand was opened on 7 June 1976 One of the most popular national dishes of New Zealand is bacon and egg pie. To read more click on culture of New Zealand.
Geography of New Zealand
New Zealand is considered a large nation because of its total area. Its total land area is 270 467 km2 (approx. 104,428 mi2). New Zealand is located in the part of Oceania. Its capital city is Wellington. Total length of land borders of New Zealand is 0,00 kilometers (~0.00 miles).
The highest point of New Zealand is Aoraki/Mount Cook with its official height being 3724 m (12,218 ft). Including land mass and EEZ, the total area of New Zealand is approximately 4 354 211 km2 (~1,681,170 mi2). The most notable natural resources found in New Zealand are natural gas, iron ore, sand, coal, timber, hydropower, gold, limestone. To read more click on geography of New Zealand.
Economy of New Zealand
The currency of the country is New Zealand dollar. The symbol used for this currency is $, and it is abbreviated as NZD. 6% of population in the country are unemployed. The total number of unemployed people in New Zealand is 259 256. Each year, New Zealand exports around $37.84 billion and imports roughly $37.35 billion. The Gini Index of the country is 36.2. New Zealand has a Human Development Index (HDI) of 0.91. The Global Peace Index (GPI) for New Zealand is 1.221. New Zealand has a government debt of 42% of the country's Gross Domestic Product (GDP), as assessed in 2012. New Zealand is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are agriculture, forestry, fishing, logs and wood articles, manufacturing, mining, construction, financial services, real estate services, tourism.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in New Zealand is $ 160 801 billion. Each year, consumers spend around $69 004 million. The ratio of consumer spending to GDP in New Zealand is 59%, and the ratio of consumer spending to the world consumer market is 0%. The corporate tax in New Zealand is set at 28%. Personal income tax ranges from 11% to 33%, depending on your specific situation and income level. To read more click on economy of New Zealand.
Infrastructure of New Zealand
Infrastructure quality in New Zealand is rated to be at 3.67. In New Zealand, 100% of the population has access to electricity. There are 3 026 000 internet hosts in New Zealand. New Zealand has 123,00 airports nationwide. The logistics performance index of New Zealand is 3.64. Tracking possibilities for shipments are rated at 3.33. To read more click on infrastructure of New Zealand.
Politics of New Zealand
New Zealand is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, New Zealand is 1. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of New Zealand is 1.93. In New Zealand, the legislative power is vested in a house of representatives. The Global Peace Index (GPI) for New Zealand is 1.221. The strength of legal rights index for New Zealand is 12. New Zealand is a member of the United Nations (UN). On 24 October 1945, it joined the UN at its inception date as a full member state. New Zealand is one of the original UN member states who founded the organization. New Zealand is a member of the World Bank. To read more click on politics of New Zealand.
Environment of New Zealand
New Zealand emits 7.1 metric tons per capita of CO2. 85 424 km2 of New Zealand's territory is covered in forests, and forest land comprises 32% of all the land in the country. To read more click on environment of New Zealand.
Company formation in New Zealand
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in New Zealand.
When establishing a company in New Zealand, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of New Zealand that will affect the establishment and growth of one's business. Contact us or click on company formation in New Zealand to read additional information when setting up a business.
Bank account opening in New Zealand
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in New Zealand. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in New Zealand, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in New Zealand or contact us.