I believe the answer is yes for $C^\infty$ maps and actions of compact (not necessarily finite) Lie groups. I think it is due to Poénaru and can be found in his book *Singularités $C^\infty$ en présence de symétrie* Lecture Notes in Mathematics, Vol. 510. See also Lemma 6.6.1 in *Dynamics and symmetry* by Michael Field. (ICP Advanced Texts in Mathematics, 3. Imperial College Press, London, 2007. xiv+478 pp. ISBN: 978-1-86094-828-2) (edit to reply to Brett's comment): Poénaru's theorem is not holomorphic. However, I believe it should not be hard to mimic its proof to extract the holomorphic version. I should note that I am not much of an expert on this area of mathematics and I know it more or less as a collection of black boxes. My impression, however, is that in going from polynomial versions the results (which is classical invariant theory) to $C^\infty$ version the main difficulty is in dealing with smooth invariant functions that vanish to infinite order. Going from polynomials to power series is not hard. And holomorphic maps from $V$ to $W$ are power series, aren't they? Note also that in your example there is a big difference between complex $\mathbb Z/3$ invariant polynomials on $\mathbb C$ and real invariant polynomials on $\mathbb C$: $\mathbb C [\mathbb C]^{\mathbb Z/3}$ is generated by $z^3$ while $\mathbb R[\mathbb C]^{\mathbb Z/3}$ is generated by $Re(z^3), Im (z^3)$ and $|z|^2$.