Under the Overseas Investment Act 2005, overseas investors must obtain consent from the Overseas Investment Office (OIO) before they can invest in New Zealand's "sensitive land" and "significant business assets".
This regime is unique to New Zealand. As a result, it can often be difficult for overseas investors (especially first time investors) to understand when consent is required from the OIO, what information is required to obtain consent, and the process involved in obtaining consent.
Given this, we have created a high-level summary of the overseas investment regime, which is designed to be a helpful reference for overseas investors considering investing in New Zealand.
This document is not a comprehensive or exhaustive summary. You should consult with us before considering any transaction that is, or may be, caught by the overseas investment regime.
Please click on the link below to view our summary, and don't hesitate to contact one of our experts if you would like to discuss any of the content in this update, or how we could help you.
> View Russell McVeagh's Overseas Investment Regime Guide (PDF)
We welcome any further comments or clarification that clients or any person may have in respect of the matters raised in this publication.