Limited partnershipNew Zealand
What it takes to form, own and run a limited partnership in New Zealand, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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Limited partnerships are a form of partnership involving general partners, who are liable for all the debts and liabilities of the partnership, and limited partners, who are liable to the extent of their capital contribution to the partnership.
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any individual, New Zealand registered company, or other registered entity (including a limited partnership or overseas limited partnership) may be a limited partner
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The limited partnership does not meet the minimum requirements of having at least one New Zealand resident general partner
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A limited partnership must have at least 1 general partner (see section 19) and at least 1 limited partner (see section 20).
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To register a limited partnership you must complete the application process and pay the registration fee.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · one must live there · a company may be one
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The limited partnership does not meet the minimum requirements of having at least one New Zealand resident general partner
- Shareholders
- At least 1 · a company may be one
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any individual, New Zealand registered company, or other registered entity (including a limited partnership or overseas limited partnership) may be a limited partner
- Members
- At least 2
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A limited partnership must have at least 1 general partner (see section 19) and at least 1 limited partner (see section 20).
- A local company secretary
- Does not apply
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- NZD 27.74 (about €14)
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File an annual return N/A $21.74 $6 $27.74 $31.90
- Accounts on the public record
- No
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copies of the financial statements of the limited partnership completed in relation to that balance date and a copy of the auditor’s report on those statements (if any) are delivered to each general partner and each limited partner.
- Audit for a small company
- Not required
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must ensure that the financial statements of the limited partnership are audited by a qualified auditor.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Record a change to a general or limited partner on the register
- 10 days after change of officers
With Companies Office
Page: https://lp-register.companiesoffice.govt.nz/help-centre/keeping-limited-partnership-details-up-to-date/changing-partner-details/. Applies to partner changes, general and limited.
- Annual return: confirm the register details, and pay the annual return fee
- Not in our records
With Companies Office
Not stated on lp-register.companiesoffice.govt.nz/help-centre/keeping-limited-partnership-details-up-to-date/filing-your-annual-return/ when checked
- First annual return
- Not in our records
With Companies Office
Not stated on lp-register.companiesoffice.govt.nz/help-centre/keeping-limited-partnership-details-up-to-date/filing-your-annual-return/ when checked
- Partnership income tax return
- Not in our records
With Inland Revenue
Not stated on ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/income-tax-for-partnerships when checked
What is public
- Directors
- Public
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its registration status details of its general partners copies of documents filed.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners
Partnerships do not pay income tax on their profits; the partners pay income tax on any profit, including the limited partnership.
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Partnerships do not pay income tax on their profits.
- CFC rules in New Zealand
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Deregistration on form LP8, with the Commissioner of Inland Revenue’s written notice of no objection; the Registrar then gives public notice and the public has 20 working days to object.
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To remove a limited partnership from the register, the general partner, limited partner, or any other person permitted by the partnership agreement is required to complete, and upload, form LP8.
- Statutory fee
- Not in our records
Every business in New Zealand
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for New Zealand.
Payment and banking services
2 services name New Zealand on their own list: Airwallex, Stripe. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited partnership
- ISO 20275 code
- F7KISecondary GLEIF, Entity Legal Forms code list