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 |
|
|
Limited Partnership (LP) |
|
Yes |
|
Yes |
|
2 weeks |
|
NZD 270.00 |
|
None |
|
No |
| Share capital or equivalent | |
|
New Zealand Dollar NZD |
|
Any |
|
No minimum |
|
NZD 1,000 |
|
Directors | Officers | Partners |
|
|
2 (1 limited partner, 1 general partner) |
|
Yes (1 general partner/director) |
|
Yes (although limited partner details are confidential) |
|
No |
|
Yes |
|
Company Secretary |
|
|
No |
|
N/A |
|
Accounts |
|
|
Yes |
|
No |
|
Yes |
|
Yes |
|
Other |
|
|
Yes |
|
Yes |
Advantages
- 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
- No duration of the partnership limits
- There are no limits to the number of partners required for a NZ LP
- There are no investment requirement limits
- It is possible to obtain residency status in New Zealand through investments; the government generally welcomes foreign investment and enables easy relocation processes
- Separate legal personality
- Special Tax treatment of limited partners
- Details of the limited partners and partnership agreement are confidential
- Limited liability is available for limited partners
- 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.