Limited 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.
| General | |||||
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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
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Name |
Has to include limited Partnership or LP |
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Registered Office |
In Seychelles |
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| Share capital or equivalent | |||||
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Standard currency: |
US$ |
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Permitted currencies: |
Any except Seychelles Rupees |
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Minimum paid up: |
US$1 |
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| Partners | |||||
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Minimum number: |
Two (at least on general partner and one limited partner) |
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Local required: |
General partner has to be local, either a resident individual or an IBC or domestic company or CSL or an LP. |
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Publicly accessible records: |
Yes |
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Location of meetings: |
Anywhere |
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| Accounts | |||||
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Requirement to prepare: |
Yes |
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Audit requirements: |
Not applicable |
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Requirement to file accounts: |
No |
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Publicly accessible accounts: |
No |
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| Other | |||||
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Requirement to file annual return: |
Yes, but not public, only to SIBA |
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An annual certificate must be filed verifying compliance by the LP with the provisions of the Act. |
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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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