Overseas investment office their role is to help realise the benefits of overseas investment while protecting new zealand s sensitive land and asset. Nzd 100m investments in sensitive land and investments in fishing quota the office is part of land information new zealand the new zealand government agency responsible for survey land.
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The overseas investment office assesses applications from overseas people and organisations wanting to invest in sensitive land significant business assets and fishing quota.
Overseas investment office. In general overseas people who are not residents cannot buy homes to live in but other investment opportunities are available. The investing in new zealand graphic gives an overview of investment opportunities in new zealand. The transaction involved complex issues around water rights as well as purchases from multiple vendors.
The office is responsible for high value investments 2006. The overseas investment office approval revealed that microsoft s acquisition of interests in non sensitive land used in carrying on business in new zealand will be for a consideration exceeding 100 million. The overseas investment office is a specialist unit within land information new zealand that assesses applications from overseas investors to ensure they meet the criteria set down in legislation.
New name more tools more resources to invest. You can learn more about this on our web pages but this is a complex area of law and you will need the help of a new zealand property or trust lawyer. This included overseas investment office consent.
The overseas investment office administers new zealand s overseas investment laws. The overseas investment office administers new zealand s overseas investment laws. The overseas investment office is the new zealand government agency responsible for regulating foreign direct investment into new zealand.
They assess applications from overseas people who want to invest in. All the people the overseas investment office considers to own or control the trust or company will be required to live in the house. An offshore fund dla piper new zealand led the acquisition by an offshore fund of big sky dairy farm assets from four insolvent vendor companies.
It also included a freehold interest in 1 760. Read more about overseas investment on the overseas investment office main page. International development finance corporation.
In general overseas people who are not residents cannot buy homes to live in but other investment opportunities are available. The overseas private investment corporation transformed into the u s. The overseas investment act recognises that it is a privilege for overseas people to own sensitive new zealand property.
Each year around 15 billion nzd or 15 of all.
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