New Zealand Description

New Zealand

Choosing to do business in another country can provide a company with potentially limitless opportunities. And choosing to start your own business is a taunting thought - let alone considering starting it in a foreign country. Both can be rewarding in the end, but tireless work and research is needed before considering the options to do so. A company or individual needs to carefully consider many factors of a particular country before settling on doing business there.

Foreign countries differ on beliefs, laws, acceptable business practices - all of which the company or individual must learn to grow accustomed to and in the end, abide by in order to achieve success in that host country. Foreign countries also thrive on their own customs and traditions - which if a potential outside business were to conduct business there - would need to make sure their business conduct and practices is not only respectful of, but is embracing of it. Not only do customs and acceptable practices play an important role when weighing the pros and cons of doing business in a foreign country, but the current economic and political state of that country is an important factor as well. If the economy is thriving, your business may benefit considerably, considering their citizens are in a better off position financially. Also, if the political state of that country is positive as well, they laws, rules and practices of that country may be ideal and also be of benefit.

New Zealand is comprised of two landmasses - the North Island, and the South Island, along with many smaller islands around the two main landmasses. Located in the south-western region of the Pacific Ocean, New Zealand is geographically isolated, which is turn makes the economy highly dependent on trade - both through imports and exports (mainly imports). New Zealand has an efficient, market oriented economy, mainly comprised of manufacturing and agriculture. According to The World Bank, in its "Doing Business in 2010" report, New Zealand was rated as the easiest country to start a business in, and the second easiest in which to do business with - and their culture, political, economical and legal ways played a part in making their country successful.

New Zealand's culture is both unique and dynamic. The culture of its indigenous people, the Maori, plays a big role in New Zealand's current language, arts, attitudes and customs.

The Maori are the indigenous Polynesian people of New Zealand who settled the islands of New Zealand and developed a distinct culture. Oral story telling was prominent along with Maori mythology of gods and heroes. The Maori people often called themselves "people of the land," placing importance on a lifestyle connected to land and sea. Communal living, sharing, and living off the land are some of the strong traditional values that resonate throughout the generations.