The major benefit of a Limited partnership is the options for the type of shareholder one can be. For limited liability partners, their liability for debt is limited to their contribution. Therefore, it is easier to obtain financing from other parties who wish to invest in a company while having limited liability. Additionally, since there is no need for a notary or no requirement for the partnership agreement to be made public, the registration process is speedy. Also, confidentiality can be maintained as the identity of limited partners are not required to be released. Another benefit of a Limited Partnership is the exemption from taxation as a business. Therefore, non-resident partners are not taxed under Luxembourg taxation laws.