Retire Overseas Location Choices
11 Places Not To Retire Overseas In 2014 In our 2014 Retire Overseas Index, out this...
Read more| Information Type | New Zealand Data |
|---|---|
| Population | 4,822,223 (June 2020 est.) |
| Gross Domestic Product (GDP) | US$219 billion (2020 est.) |
| GDP Per Capita | US$38,900 (2020) |
| Inflation Rate | 1.22% (2020) |
| Currency | New Zealand Dollar (NZD) |
| Exchange Rate Versus U.S. Dollar | 1.53 New Zealand dollars = 1 U.S. dollar (June 2020) |
| Languages | English (official), Maori (official), Sign Language (official) |
| Capital | Wellington |
| Population of Capital City | 414,818 (2020) |
| Time Zone | GMT plus 12 |
| Seasons | Maritime temperate: wet, cool winters, warm summers |
| International Dialing Code | 64 |
| Electricity | 230V/ 50 Hz; Plug Type: I |
| System of Government | Parliamentary Democracy, Common law system, based on english model. |
| Name of Current Leader | Prime Minister Jacinda Ardern (Since 2017) |
| Income Tax Rate for Residents | 0% to 33% |
| Property Tax | On land value only |
| Capital Gains Tax | None, except for developers and agents |
| Inheritance Tax | No |
| Rental Income Tax | Taxed as regular income |
| Transfer Tax | 0% |
| Sales Tax | 12.5% |
| Restrictions on Foreign Ownership of Property |
Some restrictions on land ownership |
| Local Chamber of Commerce | www.chamber.co.nz 100 Mayoral Drive P.O. Box 47 Auckland 1001 Tel: +64 (09) 309 6100 |
| American Chamber of Commerce | www.amcham.co.nz 12-26 Swanson Street Aucland Central 1001 Tel: +64 (09) 309 9140 |
| Primary Exports | Dairy products, meat, wood and wood products, fish, machinery |
| Residency and Visa Requirements | Tourist Visa: automatic 90 days upon entry
Residency: student, work, working holiday visas; skilled migrant, business and investment, family, samoan quota, and refugee family support visas Citizenship: possible after 5 years of residency |
| Special Benefits for Foreign Residents or Retirees | None |
| National Airline | Air New Zealand www.airnewzealand.com |
