Consents Required for Overseas Persons Overseas Investment Regulations 1974 Foreign investment proposals must be reviewed by the Overseas Investment Commission to ensure that these are in accord with national interests. Consent must be obtained from the Commission for: 1. New investment proposals which include: a. An overseas person acquiring 25 per cent or more of any class of share in a company._x000D_
b. A New Zealand company issuing shares to an overseas person where this will result in that person owning 25 per cent or more of the company._x000D_
c. An overseas person acquiring business assets for consideration in excess of $100 000._x000D_
d. An overseas person commencing business in New Zealand._x000D_
2. Borrowing in New Zealand: An overseas person must obtain consent to raise funds in excess of $300 000 in New Zealand._x000D_
3. Borrowing Overseas: New Zealand incorporated companies must obtain consent to borrow overseas._x000D_
Current policy is borrowing will be approved where the loan is for a specified fixed term of one year or more.