apollo

Limited Partnership

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 Seychelles and distribute such income to foreign partners without incurring any Seychelles tax liability.

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

Key Features

General
Type of entity: Limited Partnership
Type of law: Hybrid
Shelf company availability: No
Our time to establish a new company: 2 weeks
Government Incorporation Fees (excluding taxation) US$200
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 imported 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 Rs
Minimum paid up: US$1
Partners
Minimum number: Two (at least one general partner and one limited parnter)
Local required: At least one general partner has to be local IBC or CSL 
Publicly accessible records: Yes
Location of meetings: Anywhere
Accounts
Requirement to keep accounting records: 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 FSA
  • 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

Step 1 – Approval of company name

Name reservation is a fairly quick process. Approval is given almost immediately.

The name must include the expression “Limited Partnership” or “LP”

Step 2 – State corporate features of your future partnership company

Please fill in the Application Form. Provide description of business activities of the company.We draft Partnership Agreement as well as other statutory documents to be signed by Partners and send them to you for execution. Once all the forms are completed you simply courier them to us along with 4 originals of Partnership Agreement. We also provide notarisation.

Languages of Incorporation are French and English. If documents are made in any other languages then translation in English or French must be provided. Documentation is normally executed in English.

Step 3 – We register your company with the features of your choice

We register the LP with FSA. Upon registration a Certificate of Incorporation is issued.

The standard documents which will be included in corporate kit are:

  • Certificate of Incorporation
  • Limited Partnership Agreement
  • Drafts of Minutes of First Meeting of Partners
  • Share certificates
  • Register of Partners

Once the documents are ready the order is dispatched to you immediately by courier.

Incorporation costs (1st year)

Incorporation Government fee

$230

Incorporation Registered Agent/Office fee

$500

General Partner, resident of Seychelles (individual or corporate)

$400

TOTAL (1st year)

$1130

 

Annual costs

Registered Office Annual fee

$500

General Partner, resident of Seychelles (individual or corporate)

$400

Filing of Annual Returns

$215

TOTAL per annum from 2nd year

$1015

 

Others

1. Apostille

$100

2. Tax Status Confirmation

$150

3. Tax Status Confirmation under Apostille

$250

4. Issuing of share certificate

$10

5. Company Seal

$100

6. Certificate of good standing

$100

7. Amendment of Limited Partnership agreement

$250

8. Courier dispatch service

$80

Seychelles business FAQ

Get in touch

Haven't found the answer?

Please get in touch with our representative and we will be glad to help.

Write a note
  • What a Seychelles IBC cannot do?
    1. It may not carry on business in Seychelles.
    2. It may not own real estate in Seychelles.
    3. It may not do banking, insurance and registered agent business without special license.
  • What are the guarantees of strict confidentiality in the Seychelles?
    We understand and respect our clients’ confidentiality requirements. Seychelles IBC in this respect is an ideally apt solution.

    The only documents of your company that are being kept on public record are the Certificate of Incorporation, Memorandum of Association and the Articles of Association, thus providing the confidentiality of an outstandingly high standard.

    Moreover, the information regarding directors, shareholders, beneficial owners, addresses, etc are kept in the Registered office, under no circumstance will be revealed, unless your company is involved in illegal activities and there was an order from the Court to disclose the information.

  • What are the appropriate endings for different types of companies?
    The name of a limited company shall end with a word or abbreviation denoting a corporate body or limited liability. The most popular name-endings include any of words like "Limited", "Corporation" or "Incorporated"; the words "Societe Anonyme" or "Sociedad Anonima"; the abbreviation "Ltd", "Corp", "Inc", "GmbH", "AG" or "S.A."; or several other word or words, or abbreviations thereof.
  • How long does it take to register a Seychelles IBC?
    Seychelles has one of the fastest Registries of International Business Companies in the world. New IBCs are usually incorporated within 24 hours.
  • What can a Seychelles IBC Do?
    Your IBC can act in many ways, for example it can:
    • Open a bank account, make deposits and transact globally.
    • Manage offshore investments such as term deposits, bonds, stocks, mutual funds, etc.
    • Provide consulting, management, or professional services
    • Own a Corporate credit card, and allow you to cover your legitimate expenses using it.
Full FAQ