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.

Telephone:

+248 252 5217

[email protected]

vf-international.com