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New Zealand Facts And Figures

Facts About New Zealand

Information TypeDominican Republic Data
Population4,438,393 (July 2015 est.)
Gross Domestic Product (GDP)$168.2 billion (2015 est.)
GDP Per Capita$36,200 (2015)
Inflation Rate0.3% (2015)
CurrencyNew Zealand Dollar (NZD)
Exchange Rate Versus U.S. Dollar1.43 New Zealand dollars = 1 U.S. dollar (June 2016)
LanguagesEnglish (official), Maori (official), Sign Language (official)
CapitalWellington
Population of Capital City383,000 (2015)
Time ZoneGMT plus 12
SeasonsMaritime temperate: wet, cool winters, warm summers
International Dialing Code64
Electricity230V/ 50 Hz; Plug Type: I
System of GovernmentParliamentary Democracy, Common law system, based on english model.
Name and Party Affiliation
of Current Leader
Prime Minister John Key (Since November 2008) (New Zealand National Party)
Income Tax Rate for Residents0% to 33%
Property TaxOn land value only
Capital Gains TaxNone, except for developers and agents
Inheritance TaxNo
Rental Income TaxTaxed as regular income
Transfer Tax0%
Sales Tax12.5%
Restrictions on Foreign
Ownership of Property
Some restrictions on land ownership
Local Chamber of Commercewww.chamber.co.nz
100 Mayoral Drive
P.O. Box 47
Auckland 1001
Tel: +64 (09) 309 6100
American Chamber of Commercewww.amcham.co.nz
12-26 Swanson Street
Aucland Central 1001
Tel: +64 (09) 309 9140
Primary ExportsDairy products, meat, wood and wood products, fish, machinery
Residency and Visa RequirementsTourist 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 RetireesNone
National AirlineAir New Zealand
www.airnewzealand.com

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