The ISO code of New Zealand is NZ according to the ISO 3166 standard. The local name of the country is Aotearoa. New Zealand capital city is Wellington. People in New Zealand speak the English, and Māori languages. On 25 November 1947, New Zealand emerged as a sovereign political entity. In the year 11/25/1947, 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 266,838 km² (approx. 103,026 mi²). New Zealand is not a landlocked country. It means that is is bordered by at least one major body of water.
New Zealand is located in 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 4,749,598 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 approximately 1039736 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 majority 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 the English, and 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, and it was located in Porirua Central, Wellington. 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 to be a large nation because of its total area. Its total land area is 266,838 km² (approx. 103,026 mi²). New Zealand is located in Oceania. Its capital city is Wellington. New Zealand has no land borders.
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 4,350,582 km² (~1,679,761 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. 4.9% of population in the country are unemployed. The total number of unemployed people in New Zealand is 232,730. 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 36% 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 0%, and the ratio of consumer spending to the world consumer market is 0.1989. The corporate tax in New Zealand is set at 28%. Personal income tax ranges from 10.5% to 33%, depending on your specific situation and income level. VAT in New Zealand is 15%, and it is known as Goods and Services Tax. 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. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
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 airports nationwide.
The logistics performance index of New Zealand is 3.64. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.33. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in New Zealand is 591. 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. Citizens in New Zealand experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of New Zealand is 1.93. This indicates that the government of New Zealand is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in New Zealand is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.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. Overall, it is considered to be rather strong - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders quite well; credit information is abundant and easily accessible. New Zealand is a member of the United Nations (UN). On 24 October 1945, it joined the UN at it 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. 85424 km² of New Zealand's territory is covered in forests. and forest land comprises 32% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in New Zealand is 591. 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.