While NZ’s lack of capital gains tax should make it enticing, the terrible overseas investment policies/taxes make it less appealing to multi-national companies and investors.

To those outside NZ: owning shares in non-NZ companies typically means a 5% yearly wealth tax if the shares don’t pay dividends (Ie most tech companies that are share price growth driven).

See https://www.ird.govt.nz/income-tax/income-tax-for-businesses...