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$200 |
| Tax Exemptions |
Granted for 20 years
|
| Name | Has to include Limited Partnership or LP |
| Registered Office | In Seychelles |
| Share capital or equivalent | |
|---|---|
| Standard currency: | US$ |
| 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: |
|
| 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:
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 |
Please get in touch with our representative and we will be glad to help.
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