Limited Partnership
Business Structure Excellence
Multisector Hubs delivers comprehensive and tailored Corporate Operations & Governance Solutions for Limited Partnership (LP) structures
across Vietnam, Asia Pacific, and global business hubs.
Understanding Limited Partnership
Comprehensive Overview of Limited Partnership (LP)
A comprehensive guide to LP structures and their strategic advantages for modern businesses.
LP Structure Definition
A Limited Partnership (LP) is a business structure consisting of two or more partners, where at least one partner has unlimited liability (General Partner) and at least one partner has limited liability (Limited Partner). This hybrid structure combines the operational flexibility of a partnership with liability protection for passive investors.
Legal Foundation
LPs are governed by partnership laws that vary by jurisdiction. The partnership agreement defines the rights, responsibilities, profit-sharing arrangements, and operational procedures. This legal document serves as the constitution of the LP, providing flexibility to customize the business relationship.
Why Choose LP Structure?
LPs provide an optimal balance between operational flexibility and investor protection. They’re particularly advantageous for businesses seeking external capital while maintaining founder control, or for investment vehicles requiring clear separation between management and passive investors.
Key Characteristics
- Pass-Through Taxation: Profits flow directly to partners, avoiding double taxation at entity level.
- Liability Protection: Limited partners enjoy protection up to their investment amount.
- Flexible Management: GPs maintain operational control while LPs remain passive investors.
- Flexible Management: GPs maintain operational control while LPs remain passive investors.
Comprehensive Solutions
Our LP Services Portfolio
Tailored corporate operations and governance solutions designed specifically for Limited Partnership structures.
End-to-end LP formation guidance including jurisdiction selection, partnership agreement drafting, capital structure optimization, and regulatory registration across Vietnam, Asia Pacific, and global business hubs.
• Jurisdiction analysis & selection;
• Partnership agreement structuring;
• Regulatory compliance setup.
Streamline LP operations with process optimization, workflow automation, performance monitoring systems, and operational best practices tailored for partnership structures.
• Process optimization;
• Workflow automation;
• Performance monitoring.
Comprehensive contract management including partnership agreements, investor subscriptions, management contracts, and cross-border commercial agreements with full legal compliance.
• Partnership agreements;
• Subscription documents;
• Commercial contracts.
Strategic planning, market expansion strategies, competitive positioning, growth roadmapping, and performance benchmarking specifically designed for partnership business models.
• Strategic planning;
• Market expansion;
• Growth roadmapping.
Capital structure optimization, fund administration, financial reporting, tax planning, profit distribution mechanisms, and investor relations management for LP entities.
• Capital structuring;
• Fund administration;
• Tax optimization.
Immigration & Visa Services
Partner and key personnel visa facilitation, work permit processing, residency applications, and cross-border mobility solutions for LP stakeholders in Vietnam and across Asia Pacific.
• Work permit processing;
• Investor visa programs;
• Residency applications.
Organizational design, talent acquisition, compensation structures, performance management, and HR compliance frameworks tailored for partnership governance models.
• Organizational design;
• Talent management;
• Compensation structures..
Partnership restructuring, LP interest transfers, merger facilitation, acquisition structuring, due diligence coordination, and exit strategy planning for LP entities.
• LP restructuring;
• Due diligence;
• Exit planning.
Digital infrastructure setup, technology stack optimization, data management systems, cybersecurity frameworks, and digital transformation roadmaps for modern LP operations.
• Digital infrastructure;
• Data management;
• Cybersecurity.
ESG framework implementation, sustainability reporting, impact measurement, responsible investment guidelines, and stakeholder engagement strategies for socially conscious LPs.
• ESG frameworks;
• Sustainability reporting;
• Impact measurement.
Governance Compliance
Regulatory compliance monitoring, governance framework design, risk management systems, audit coordination, and ongoing compliance maintenance for LP structures across jurisdictions.
• Regulatory monitoring;
• Risk management;
• Audit coordination.
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Need Custom Solutions?
We tailor our services to match your unique business requirements.
Our Methodology
How We Analyze & Deliver Solutions
Our systematic approach ensures comprehensive analysis and tailored service delivery for every client.
Initial Assessment
We collect comprehensive information through our registration form to understand your business objectives, current structure, industry focus, and specific requirements for LP formation.
Analysis & Matching
Our experts analyze your profile against our service portfolio, jurisdiction requirements, and industry best practices to identify optimal solutions and service combinations.
Solution Design
We develop a customized service package with clear timelines, deliverables, cost structures, and implementation roadmap tailored to your LP establishment needs.
Execution & Support
Our team guides you through every step of implementation with ongoing support, compliance monitoring, and strategic advisory to ensure long-term success.
LP Setup Process Overview
Pre-Formation
• Jurisdiction selection analysis;
• Partner identification & vetting;
• Capital structure planning;
• Business plan development;
• Regulatory pre-assessment.
Formation
• Partnership agreement drafting;
• Entity registration filing;
• Tax registration & compliance;
• Bank account setup;
• License & permit acquisition.
Post-Formation
• Ongoing compliance management
• Annual reporting & filings
• Governance framework support
• Strategic advisory services
• Growth & expansion support
Global Presence
LP Setup Across Key Jurisdictions
Strategic locations in Vietnam, Asia Pacific, and international business hubs.
🇻🇳 Vietnam
Emerging Investment Destination
Vietnam’s Law on Enterprises recognizes partnership structures, including limited partnerships (Công ty hợp danh). The regulatory framework has evolved to accommodate both domestic and foreign investors seeking flexible business arrangements.
- Growing startup ecosystem and venture capital activity;
- Legal Framework: Law on Enterprises 2020.
- Foreign Ownership: Permitted (conditions apply)
- Strategic location in ASEAN economic bloc;
- Minimum Partners: 2 (1 GP + 1 LP)
- Formation Time: 3-5 business days
- Competitive operational costs;
- Minimum Capital: No requirement.
🌏 Asia Pacific Business Hubs
🇸🇬 Singapore
Premier financial hub with robust LP legislation under the Limited Partnerships Act 2008. Ideal for fund structures and regional headquarters.
Formation: 1-2 days
🇭🇰 Hong Kong
New Limited Partnership Fund regime (2020) designed for private equity and venture capital. Gateway to Greater China markets.
Formation: 1-3 days
🇯🇵 Japan
Investment Limited Partnership (Toshi Jigyo Yugen Sekinin Kumiai) for venture capital and private equity activities.
Formation: 2-4 weeks
🇦🇺 Australia
Limited partnerships governed by state legislation. Popular for real estate, infrastructure, and natural resources investments.
Formation: 1-2 weeks
🇰🇷 South Korea
Limited partnership structures available for venture capital and private equity under Financial Investment Services Act.
Formation: 2-3 weeks
🇲🇾 Malaysia
Limited Liability Partnerships available under LLP Act 2012. Labuan offers specialized structures for international business.
Formation: 1-2 weeks
🌏 Global Business Hubs
🇺🇸 Delaware, USA
Premier jurisdiction for LPs with flexible DRULPA framework. Preferred for venture capital and private equity funds.
Same-day formation available
🇬🇧 United Kingdom
Scottish Limited Partnerships (SLPs) and English LPs offer distinct advantages for international structuring.
Formation: 24-48 hours
🇱🇺 Luxembourg
ISCSp and SCS structures for EU-compliant fund vehicles. Leading domicile for alternative investment funds.
Formation: 1-2 weeks
🇰🇾 Cayman Islands
Exempted Limited Partnerships for offshore fund structures. Tax-neutral with strong investor protections.
Formation: 1-3 days
🇮🇪 Ireland
Investment Limited Partnerships (ILPs) and Irish Collective Asset-management Vehicles (ICAVs) for EU market access.
Formation: 1-2 weeks
🇯🇪 Jersey
Jersey Private Funds and LP structures with flexible regulatory regime. Popular for real estate and PE funds.
Formation: 3-5 days
🇦🇪 UAE (DIFC/ADGM)
Free zone LPs with common law framework. Gateway for Middle East and Africa investments.
Formation: 1-2 weeks
🇨🇭 Switzerland
Limited Partnership for Collective Investment (LP KmGK) under CISA. Strong privacy and banking infrastructure.
Formation: 2-4 weeks
Get Started
Register for LP Services Consultation
Complete the form below to receive a tailored service proposal matching your specific requirements.