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GENERAL INFORMATION 
New Zealand is a unique country. Its geographic and economic situation, together with its legal and financial system, make it stand out in the South Pacific. New Zealand's economy is market-focused and belies its small population and land area. New Zealand encourages foreign investment not only through its laws but indirectly through government policy and its foreign exchange and financial markets. This is evidenced by the significant level of foreign investment in New Zealand's stock exchange and in property.
New Zealand lies in the south-west Pacific Ocean and consists of two large islands and a number of smaller islands, the combined area of which is 268,000 square kilometres, similar to the size of Japan or the British Isles. The current population is four million.
New Zealand is a parliamentary democracy with a centralised one-chamber parliament situated in the capital city, Wellington. General elections are held every three years. Since 1996, the country has been subject to a mixed member proportional representation electoral system. The maximum number of parliamentary seats now stands at 121. This system is similar to that which currently operates in Germany.
All legislation relating to the conduct of business and the operation of companies in New Zealand is enacted by New Zealand's parliament and administered by New Zealand government agencies.
New Zealand's legal system is based on the common law similar to that operating in England and many other western countries. Most criminal and smaller civil matters are dealt with by the District Court. The High Court largely attends to civil matters and more serious crimes. There are two Appeal Courts available, being the New Zealand Court of Appeal and, in certain circumstances, the Supreme Court.
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