Limited Partnerships were established in New Zealand law in mid-2008, and have since become a widely utilized and effectively implemented entity for international tax planning and cross-border business. The distributions made to non-resident partners of a New Zealand Limited Partnership face 0% taxation in New Zealand, if sourced from genuine offshore transactions.
Our New Zealand Limited Partnership formation service is one of the most cost-effective in the market, with prices starting from as low USD 500.
The New Zealand Limited Partnership is an incorporated legal entity consisting of a Limited Partner and a General Partner, operating in accordance with a mutually agreed-upon Partnership Agreement. The General Partner is responsible for the day-to-day management and care of the LP, while the Limited Partner is restricted only to a limited set of actions outlined by New Zealand Law. New Zealand legislation allows for the partners of the LP to be any physical person or any legal entity, either from New Zealand or overseas.
The General Partner is not required to make any capital contributions to the LP, although they are not forbidden from doing so. The funding for the Limited Partnership is drawn from the Limited Partner’s investments. The Limited Partner is not liable for the debts accrued by the LP, beyond their own capital contribution to the Limited Partnerships. Only the General Partner faces unlimited liabilities for the obligations incurred by the LP.
New Zealand Limited Partnerships are not taxed at a partnership level, and all incomes and expenses are distributed between the partners, based on their proportional contribution of capital to the LP. The distributions made to non-resident partners of a New Zealand Limited Partnership face 0% taxation in New Zealand, if sourced from genuine offshore transactions.
New Zealand Limited Partnerships can operate in any country worldwide. NZFTs are separate legal entities, and may buy or sell assets, enter into contracts, trade, or carry out typical business activities.
We can assist clients in all aspects required for incorporation of a New Zealand Limited Partnership, including assistance by: drawing up of a legally complaint partnership agreement; registering the Limited Partnership; and, offering to clients associated statutory services (registered office, address for services etc). Abaconda Management Group provides all the continuing accounting, taxation, and consultancy services required to maintain the New Zealand Limited Partnership’s good standing status throughout its lifetime.
To establish a New Zealand Limited Partnership, please use the contact form to the side to discuss your requirements. For more information on New Zealand Limited Partnerships, please visit our information section.