A majority holding interest in a local company by a foreign investor is legal in New Zealand.
Obligation to Declare
The Overseas Investment Act 2005 regulates the acquisitions by overseas persons of 25% or more ownership or control interests in sensitive New Zealand land and significant business assets (over 50 million Euros).For more information, go to Legislations of New Zealand.
Section 10 of the 2005 Overseas Investment Act states that a transaction requires official consent if it will result in an overseas investment in sensitive land or an overseas investment in significant business assets. Section 57B of the Fisheries Act 1996 states that a transaction requires consent if it will result in an overseas investment in fishing quota.
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