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Limited Partnership(LP)

Home Limited Partnership(LP)

investing in zimbabweLimited Partnerships are registered under the Limited Partnerships Act, 2003, and are subject to the Seychelles Commercial Code.

A LP has substantial statutory tax advantages including the ability to receive income from sources outside of the Seychelles and distribute such income to foreign partners without incurring a Seychelles tax liability.

A Seychelles LP is highly-suitable for international joint venture activities.

Features of Limited Partnership:

General

Tax Exemptions Granted for 20 years
  • all Seychelles tax or duty on income or profits
  • stamp duty on property transfers, share transfers, and other business transactions
  • trades tax on all furniture and equipment that is important into Seychelles to be used in the office
  • miscellaneous exemptions under the Social Security Act
Name Has to include limited Partnership or LP
Registered Office In Seychelles
   
   
Share capital or equivalent  
Standard currency: US$
Permitted currencies: Any except Seychelles Rupees
Minimum paid up: US$1
   
   
Partners  
Minimum number: Two (at least on general partner and one limited partner)
Local required: General partner has to be local, either a resident individual or an IBC or domestic company or CSL or an LP
Publicly accessible records: Yes
Location of meetings: Anywhere
 
   
Accounts  
Requirement to prepare: Yes
Audit requirements: Not applicable
Requirement to file accounts: No
Publicly accessible accounts: No
   
Other  
Requirement to file annual return: Yes, but not public, only to SIBA
  An annual certificate must be filed verifying compliance by the LP with the provisions of the Act.
Restriction on business Cannot carry on business in Seychelles, except to the extent necessary for the carrying on of the LP's business outside of Seychelles

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