Commercial Information Circulars

24-hour hotline : 23 922 922

Ref: EIC 895/5/4

7 July 2022

Dear Sirs,

Commercial Information Circular No. 559/2022

Textiles Trader Registration Circular No. 4/2022

New Zealand : Monetary Screening Threshold Applicable to Investors from Hong Kong

This Circular informs traders of the updated monetary screening threshold applicable to Hong Kong investors in relation to the Hong Kong, China - New Zealand Closer Economic Partnership Agreement (CEP).

DETAILS

2.The monetary screening threshold for Hong Kong investors that are service suppliers is NZ$20 million as originally set out in II-NZ-I of New Zealand's Schedule to Annex II of Chapter 13 (Trade in Services) of the CEP. With the amendment of New Zealand's Overseas Investment Act 2005 and its subsidiary regulations in 2018 (details of the regulations are available at https://www.legislation.govt.nz/regulation/public/2018/0224/17.0/LMS119682.html (English only)), the monetary screening threshold for investments in significant business assets has been increased to NZ$200 million for non-government investors, which has also been extended to Hong Kong investors that are service suppliers investing in a commercial presence pursuant to Article 12 (Most Favoured Nation Treatment) of Chapter 13 (Trade in Services) of the CEP.

3.For the updated information on New Zealand's overseas investment regime, including the prevailing monetary screening threshold, please refer to New Zealand's website at https://www.linz.govt.nz/overseas-investment (English only).

ENQUIRIES

4.For enquiries concerning the content of this circular, please contact us at 2398 5594.

Yours faithfully,

(Miss Ingrid Lee)
for Director-General of Trade and Industry