New Zealand is not a run-of-the-mill jurisdiction. In fact, it is one of the options we most highly recommend to foreign investors seeking the highest level of financial freedom without sacrificing other conditions such as having stability in laws and governance, or being on good terms with international regulatory agencies.
A little more than 18 months after the onset of the global coronavirus pandemic, New Zealand is already recovering the steady economic performance it had maintained over the last few years and which has made the country one of the most attractive destinations for high net worth individuals looking for an attractive place to protect and multiply their assets.
At Mundo we know firsthand that the world changes at a dizzying speed and that not even the most trusted jurisdictions can escape this reality. That is why we work to keep our distinguished readers up to date on the issues of vital interest that determine whether or not a country remains viable for investment, and on this occasion we will address the New Zealand case.
Before we move on to the latest news on the New Zealand economy, let's take a look at some of the jurisdiction's indicators to understand the state of the jurisdiction as of October 2021:
-GDP growth rate: 2.8%.
-Unemployment rate: 4%.
-Inflation rate: 3.3%.
-Interest rate: 0.25%.
-COVID-19 vaccination rate: 92.74 doses per 100 persons
-Corporate tax rate: 28% Corporate income tax rate: 28
-Personal income tax rate: 39%.
If you would like to learn more about New Zealand's performance on key points for international investors, we highly recommend reading our New Zealand Country Focus section on the subject.
Now let's look at the latest relevant news that will tell you if Investing in New Zealand is still the best option in 2021.
New Zealand Trade and Economic Forecast
The economy in New Zealand is set for a sustained growth rate from the second half of this year 2021. Economic growth could reach rates of 3.5% this year and 3.8% in 2022.
This favorable forecast has been mainly due to the efficient management of the health and economic crisis caused by the COVID-19 pandemic. The New Zealand government stuck to its principles and the economy suffered virtually nothing compared to the rest of the world.
A few days into the last quarter of 2021, domestic consumption remains at reassuring levels along with the purchasing power of New Zealanders. In addition, the property and real estate market does not seem to be slowing down under any circumstances, opening up opportunities for investors continuously in different projects.
Improving Relations with the Crypto World
In September 2021, El Salvador made a very bold move by allowing the use of Bitcoin as legal tender. The small Central American nation even purchased approximately 550 units of the cryptocurrency, and the news soon set off smoke alarm bells in governments around the world.
The New Zealand government decided not to be left behind in the world of crypto assets, and in mid-September 2021 the Finance and Budget Committee hosted some experts from the world of crypto finance to review with a view to positioning New Zealand as a jurisdiction at the forefront of implementing cryptocurrencies in the economy.
Soon after, the committee already had over 266 proposals to review and incorporate into the New Zealand legal system.
While this doesn't promise anything, it is news that hints at the level of openness the New Zealand government has in this regard.
Completely Flattening the Coronavirus Contagion Curve
With vaccines from several laboratories already on the streets, the coronavirus vaccination campaign has already flattened the infection curve dramatically in New Zealand. As of September 2021, more than 61% of the New Zealand population has received at least one dose of the vaccine, and more than 32% are fully vaccinated.
And while the delta variant of the coronavirus has not been underestimated for a second by New Zealand Government Agencies, all indications are that this jurisdiction is getting closer and closer to a sustained reopening of activities in all economic sectors. Again, this is a good prognosis for those interested in investing in New Zealand.
Real Estate Market Keeps Growing
The real estate market, one of the main options for investing in New Zealand, has experienced some very strong months since 2020. Over the last 18 months, residential property prices have risen by more than 30% today. And with domestic consumption and purchasing power on stable ground, it looks like New Zealand property is poised for another bull run.
If you want to learn more about what makes New Zealand one of the best jurisdictions in the world to invest your money in, read our Country Focus!
What We Can Do for You
Mundo and NTL have been in partnership for almost 30 years. Our goal from the beginning has been to work together with international investors and high net worth individuals to gain access to the best immigration and investment opportunities.
Our team of New Zealand experts is today one of the most sought after by our readers, because this jurisdiction has no weaknesses in legal security, investment opportunities and quality of life. New Zealand is one of the best destinations you can choose to invest or safeguard your money, and our team of professionals can help you do it right now.
If you want to know more about our services in New Zealand, do not hesitate to contact us.
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