Limited Partnership
Limited Partnership (LP) are formed under the Limited Partnership Act, 2003 (the Act). An 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.
Key features of the LP are as follows:
· The LP is required to have one or more limited partners who are liable for the debts of the LP.
· At least one limited partner must be a Seychelles person (either a resident individual or an IBC or domestic company or CSL or an LP);
· A Seychelles registered office is required;
· A LP shall not carry on business in Seychelles, except to the extent necessary for the carrying on of the LP's business outside of Seychelles;
· An annual certificate must be filed verifying compliance by the LP with the provisions of the Act.
Key features of the LP are as follows:
· The LP is required to have one or more limited partners who are liable for the debts of the LP.
· At least one limited partner must be a Seychelles person (either a resident individual or an IBC or domestic company or CSL or an LP);
· A Seychelles registered office is required;
· A LP shall not carry on business in Seychelles, except to the extent necessary for the carrying on of the LP's business outside of Seychelles;
· An annual certificate must be filed verifying compliance by the LP with the provisions of the Act.