Forum Archive Index - August 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Allan,


>> 
>>If it isn't a rude question Allan, what attracted you to New 
>>Zealand as a place to invest?  Just curious!
>>
> 
>Way back in 1992, I had read several articles that NZ had changed
>its system, discarding a good deal of what I'll call socialism or
>the like and was coming up in the world standard of living wise and
>of course economically.
> 
>In Sept. of 92 my wife said she would like to go see NZ.  Since the
>aformentioned was on my mind I said let's go.  We spent a month
>driving the country, both south and north, met lots and lots of very
>nice people and fell in love with it.
> 
>



Nice story Allan, and if it is still appropriate for someone who has 
been 'on ship' (so to speak) for 10 years or so already, welcome 
aboard!

We keep hearing from our government about how they are trying to be 
friendly to overseas investors and I guess in your case it is 
working.  However, being somewhat wary of government spin myself, I 
hope you don't mind me asking....

What is your view on how the NZ government treats overseas investors 
such as yourself?  I know, for instance, supplementary payments 
are made on dividends to overseas investors.   I think it is 
something to do with neutralizing the withholding tax regime.  Does 
this sort of thing come into consideration when looking at NZ as a 
place to invest?   Do you think the NZ government would be wise to 
be doing more than this for overseas investors, and if so what?



>
> 
>We had hoped to get a visit from some of these  people, but when the
>Kiwi dollar tanked about 3 years ago, it really made it a very
>expensive trip for them.  Perhaps now that things are getting a
>little better that will come to fruition.
>
>



Looked at another way the currency risk must also be something that 
weighs on your mind as an investor in New Zealand shares.   How do 
deal with  the currency risk on NZ investment yourself?

SNOOPY





 
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