New Zealand offers a number of striking company formation products that give clients a broad range of international investment opportunities.
Setting up partnership New Zealand (LP) is a comparatively new, yet comprehensive, company formation vehicle that has been one of New Zealand’s more admired formation products.
It emerged with the passing of the Limited Partnerships Act 2008 as a means to expand as well as increase international investment opportunities.
What is a NZ Limited Liability Partnership?
One of the major benefits of a New Zealand Limited Partnership is that investors advantage from being taxed as a partnership (a limited partner’s income spawned outside of NZ though the corporation is tax-free) while still offering the protection of limited liability as well as maintaining a separate lawful entity from the owner of the corporation.
New Zealand’s primary purpose in establishing the limited partnership corporation was to make it look more striking to potential foreign investors in addition to venture capitalists.
The government specially selected some of the finest features of other offshore and LP regimes as well as integrated them into their own system, such as the capability of establishing a corporation with a minimum of regulatory provisions, no limits concerning the duration of the corporation partnership and no capital needs.
The New Zealand LP has been well-received by the wider international financial area, as New Zealand is not conventionally seen as an offshore financial centre, nor is it considered as a tax haven.
So while the jurisdiction retains numerous of the benefits that come in a well-established offshore jurisdiction, it does so without any of the unenthusiastic associations.
Numerous private banks, trust companies as well as other offshore corporations are gradually more facing obstacles from significant foreign governments, revue authorities as well as financial regulatory organizations.
The promise of retaining the aggressive offshore advantage, in a jurisdiction that has a conventional tax-based structure, remains high.
New Zealand also provides a very striking Non-Bank NZ Financial Company as well as a Asset Protection Trust, that has gained moment the last years as well as has been quiet victorious in attracting attention.
Advantages of a New Zealand Offshore LLP
New Zealand offers all the benefits of traditional offshore financial centre, but is principally recognized as a mainstream onshore monetary centre. Additional advantages are:
- The OECD does not observe New Zealand as being an illegal tax jurisdiction, is not normally linked with a tax haven, and has never been blacklisted by any ability
- A NZ LP has handpicked and incorporated some of the most excellent features taken from other similar jurisdictions
- No duration of the partnership limits
- There are no limits to the number of partners needed for a New Zealand LP
- There are no investment obligation limits
Top Uses of an Offshore LLP
A New Zealand LP can be used for almost any reason and is well-suited for:
- Investment purposes
- High-risk projects
- Large capital investment holding opportunities
- Flexible arrangement for international investors
- Venture capital investing
- Private Equity
- Fundamental asset holding vehicle for a NZ Trust
- International wealth structuring and collective investment purposes
Requirements for a New Zealand LP Company Formation
There are few requirements for registering an NZ Limited Partnership, which are simple. The application form requires:
- Proposed name of LP
- The certification from a general partner or agent
- Details of its registered office, address for service, postal address and email address
- Details of the General Partners
- Details of the Limited Partners
- Full name, postal address, email address, telephone number and facsimile of the presenter