The Overseas Investment Office (OIO) is also taking an increasingly proactive role in monitoring overseas investment.

New Zealand's economy has gone from being one of the most regulated in the OECD to one of the least regulated.

New Zealand's economic success story offers investors peace of mind, knowing that they can invest safely and confidently.

The Bill will ensure that overseas persons will not be able to buy existing houses or other pieces of residential land.

The new regime is more facilitative for straightforward, low-risk investments, with much faster processing times and reduced compliance for well-known investors.

From 22 October 2018, all purchasers of NZ residential land will have to complete a "residential land statement".

This Bill only aims to reduce foreign competition for residential properties and change rules on forestry acquisitions.

An officials’ paper has just been released which proposes a zero percent tax rate for non-residents investing in a PIE in respect of foreign-sourced income.

As widely anticipated, the New Zealand Government has announced further changes to the overseas investment framework which governs foreign investment in New Zealand.

Finance Minister Bill English and Revenue Minister Michael Woodhouse announced the government will be acting on all recommendations from the Shewan Inquiry.

You should be prepared for potential delays if you are planning to sell New Zealand property to an off-shore person.

NZ is attractive for foreign direct investment, despite having the seventh most restrictive screening regime in the OECD.

This Amendment Bill aims to create a housing market with prices shaped by, and make homes more affordable for, NZ buyers.

In March this year the government announced it would review the Overseas Investment Act 2005 (Act) and Overseas Investment Regulations 2005 (Regulations) with the aim of simplifying overseas investment rules in New Zealand to promote and encourage the flow of overseas investment into New Zealand.

The decision clears the way for Milk NZ, in association with Landcorp, to bring the Crafar farms to full production.

The rules for overseas investing into rural land and forest land have been tightened, and further changes are expected.

NZ Inland Revenue recently released an Issues Paper, proposing to broaden the thin capitalisation regime in New Zealand.

Foreign investors in a NZ managed fund with only foreign investments, will now bear no New Zealand tax on their income.

Most overseas people are unable to buy residential property in New Zealand, but some can request consent from the OIO.

The NZ Government has confirmed that it is planning a much more comprehensive review on the overseas investment regime.