New Zealand Limited Partnership

The New Zealand Limited Partnership (LP) is a relatively new, yet comprehensive, company formation vehicle that has been one of New Zealand’s more popular formation products. It emerged with the passing of the Limited Partnerships Act 2008 as a means to diversify and increase international investment opportunities. New Zealand’s primary objective in establishing the limited partnership company was to make it look more attractive to potential foreign investors and venture capitalists.
 
Features

Features	Corporate Details
General
Type of Entity	Limited Partnership (LP)
Registered Office in New Zealand	Yes
Shelf company availability	Yes
Time to establish a new company	2 weeks
Minimum government fees (excluding taxation)	NZD 270.00
Corporate Taxation	None
Access to Double Taxation Treaties	No
Share capital or equivalent
Standard currency	New Zealand Dollar NZD
Permitted currencies	Any
Minimum paid-up	No minimum
Usual authorized	NZD 1,000
Directors | Officers | Partners
Minimum number	2 (1 limited partner, 1 general partner)
Local required	Yes (1 general partner/director)
Publicly accessible records	Yes (although limited partner details are confidential)
Location of meetings	No
Corporate directorship allowed	Yes
Company Secretary
Required	No
Local or qualified	N/A
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	Yes
Publicly accessible accounts	Yes
Other
Requirement to file annual return	Yes
Migration of domicile permitted	Yes

 
Advantages

1. The OECD does not perceive NZ as being an unlawful tax jurisdiction, is not normally associated with a tax haven, and has never been blacklisted by any authority
2. No duration of the partnership limits
3. There are no limits to the number of partners required for a NZ LP
4. There are no investment requirement limits
5. It is possible to obtain residency status in New Zealand through investments; the government generally welcomes foreign investment and enables easy relocation processes
6. Separate legal personality
7. Special Tax treatment of limited partners
8. Details of the limited partners and partnership agreement are confidential
9. Limited liability is available for limited partners
10. Limited partners who do not reside in NZ are not subject to tax on their share of income generated by the LP

 
The Valsen Advantage

• Speedy, Efficient and consistent Services.
• Relentless effort to obtain bank accounts.
• Expert advice on structuring options.
• Dedicated ongoing compliance support.