OWNING A BUSINESS
Jul 11th 2007, 10:07 pm
#1
Just Joined
Thread Starter
Joined: Jun 2007
Posts: 15
OWNING A BUSINESS
Just a question for anyone who might have the answer out there. Do you have to be a NZ citizen to own a business. In other words, could I buy a business from UK and get someone to run it for me in NZ?
Thanks
Helen
Thanks
Helen
Jul 11th 2007, 10:30 pm
#2
Joined: Nov 2006
Posts: 2,813
Re: OWNING A BUSINESS
No, you do not have to be a New Zealand citizen to own a business here. For example, most of the banks here are foreign owned.
Jul 11th 2007, 11:24 pm
#3
Here in Dunedin
Joined: May 2003
Location: Dunedin
Posts: 1,975
Re: OWNING A BUSINESS
There are some foreign ownership rules but these normally are focused on iconic land and large businesses. Do a search on Overseas Investment Office for more info.
What sort of business are you interested in?
What sort of business are you interested in?
Jul 12th 2007, 8:50 am
#4
Just Joined
Thread Starter
Joined: Jun 2007
Posts: 15
Re: OWNING A BUSINESS
My husband is self-employed - he works with computers, repairing/building etc. We noticed an internet business for sale in a tourist area and thought it would be an ideal investment if we could get someone to run it until we obtained LTBV.
Jul 12th 2007, 9:24 am
#5
BE Forum Addict
Joined: Jul 2006
Location: Porirua,NZ
Posts: 3,275
Re: OWNING A BUSINESS
Believe it was quite common to be able to invest in a business here,and reap the rewards.
