Once again, New Zealand is leading the way in business reform.
New laws allowing equity crowdfunding fundamentally change the way
that private companies can raise funds, and give them a meaningful,
cost effective and efficient way of doing so.
The recent implementation of the Financial Markets Conduct Act
2103 allows companies to raise up to $2 million from the New
Zealand public in a 12 month period, in return for shares in their
company, provided they do so via a licensed equity crowdfunding
provider.
Why is this so different?
To date raising capital from the public has been rigorously
regulated and accordingly, expensive, time consuming and often
unviable for companies.
Equally, it has been difficult for everyday New Zealanders to
access equity investments in exciting and up-and-coming businesses.
Historically, these opportunities have been available only to a
limited pool of wealthy angel investors.
