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The Importance Of The Business Climate Of New Zealand

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New Zealand’s business climate reflects their overall culture; entrepreneurs are highly encouraged to visit before deciding to start a business, to ensure they can assimilate to the lifestyle. New Zealand (NZ) is very tightly networked, natives may seem reserved to expats but after a relationship is established natives are very friendly, outgoing and social. Opposed to countries with corruption, New Zealanders trust everyone until it is no longer deserved, making it imperative to be honest, direct, and demonstrate a sense of humor. Rated as the easiest place in the world to start a business, NZ welcomes entrepreneurs who desire establishing, owning and operating a business in NZ with few restrictions. Portions of the process are …show more content…

Understanding NZ’s governmental framework is acute to discussing these effects. New Zealand’s governing body advises the head of State, consistent with a constitutional monarchy. New Zealand’s head of State is the Sovereign, Queen Elizabeth II of NZ. The Governor-General, Patsy Reddy, who’s the Queen’s representative in NZ. New Zealand’s government is composed of three branches; the Executive, the Judiciary, and the Parliament, who are democratically elected to a unicameral parliament; the House of Representatives. The Sovereign’s role in Parliament includes opening and dissolving Parliament, and giving the Royal assent to bills passed in the House of Representatives. New Zealand is considered a responsible government due to the fact the government is formed by appointing Ministers who must first be elected members of Parliament. Ministers are responsible to Parliament, both collectively for the overall performance of the government, and individually for the performance of their portfolios. New Zealand’s House of Representatives is elected using the mixed member proportional representation (MMP) voting system. Each elector has two votes — one for a local member of Parliament and one for a preferred political party. Political parties are represented in Parliament in proportion to the share of votes each party won in the party vote in the

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