Why We Didn’t Include These Retire Overseas Locations
As we finalize plans, presentations, and panel discussion talking points for this week’s Retire Overseas Virtual...
Read moreHere is some useful information about New Zealand:
| 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 Chris Hipkins (Since 2023) |
| 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 | 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 Citizenship: possible after 5 years of residency |
| Special Benefits for Foreign Residents or Retirees | None |
| National Airline | Air New Zealand www.airnewzealand.com |
