New Zealand Limited Partnership (NZLP)

This entity can also be used in connection with a trust but can also be used for other activities. The introduction of the limited partnerships regime
brings New Zealand into line with a number of other jurisdictions where limited partnerships have long been a popular investment vehicle. The NZLP is a legal entity but transparent for tax purposes so with non-resident partners interesting opportunities can arise.

They are easy to set up and require at least two partners; one will be the general partner and the other the limited partner. Neither of the partners
need to be resident in New Zealand. The NZLP’s are registered on a public register but only the general partners’ details are available on that register. Financial statements are required to be prepared but they do not need to be filed or audited, unless the NZLP is considered an “issuer” under the Financial Reporting Act 1993. As with New Zealand companies, an annual return is also required to be prepared and filed.