Valsen Corporate

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.