Exempted limited partnership ELPCayman Islands
What it takes to form, own and run a limited partnership in Cayman Islands, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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An exempted limited partnership shall consist of one or more persons called general partners
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An exempted limited partnership shall consist of one or more persons called general partners
The registry鈥檚 and the law鈥檚 own pages do not mention it.
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8 PARTNERSHIP: EXEMPTED LIMITED REGISTRATION 9(1) 1 1 1,000 1,219.51
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There is no inheritance, income or capital gains tax, or estate duty which applies to partnerships, including an exempted limited partnership or its partners.
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
- Formed online
- Not stated
The registry鈥檚 and the law鈥檚 own pages do not mention it.
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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An exempted limited partnership shall consist of one or more persons called general partners
- A local company secretary
- Does not apply
- A local registered agent
- Required
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The registered office of an exempted limited partnership shall be the same as the address of a person licensed by the Authority
Each year, at the registry
- Annual registry fee
- KYD 2,100
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12 PARTNERSHIP: EXEMPTED LIMITED (UNREGULATED) ANNUAL FEES 39(b) 1 4 2,100 2,560.98
- Accounts on the public record
- No
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A general partner shall keep or cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
- Audit for a small company
- Not required
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A general partner shall keep or cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
- Audit
- The Exempted Limited Partnership Act (2025 Revision) requires a general partner to keep books of account for five years (s.21) and sets no audit requirement; the word 'audit' does not occur in the Act.
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A general partner shall keep or cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
Important dates
When each obligation falls due, as the authority states it.
- Return signed by a general partner, with the annual fee, due in January of the first year
- 1 January
With Cayman Islands General Registry
- Annual return certifying the prior calendar year, filed with the annual fee
- 1 January
With Cayman Islands General Registry
- Annual fee, tendered with the return
- 1 January
With Cayman Islands General Registry
- General meeting
- Not required for this type
No general meeting is provided for in the Exempted Limited Partnerships Act pages read; an ELP is governed by its partnership agreement.
What is public
- Shareholders
- To the authorities only
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(b) any other person with the consent of the general partner.
- Beneficial owners
- To those with a legitimate interest
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(b) any other person with the consent of the general partner.
Tax
Tax on profit
How this company type is taxed, which can differ from its place鈥檚 headline rate.
No tax on profit 路 0%
The Registry states that no income or capital gains tax applies to partnerships, including an exempted limited partnership or its partners.
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There is no inheritance, income or capital gains tax, or estate duty which applies to partnerships, including an exempted limited partnership or its partners.
- CFC rules in Cayman Islands
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Voluntary winding up under the partnership agreement; dissolved when the general partner or liquidator files a notice of dissolution with the Registrar and pays the fee (s.36); or de-registration to continue elsewhere.
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file a notice of dissolution with the Registrar
- Statutory fee
- KYD 200
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22 PARTNERSHIP: EXEMPTED LIMITED FILING: LIQUIDATION/DISSOLUTION 36(2) 1 10 200 243.90
Every business in Cayman Islands
VAT
- VAT or sales tax
- None levied
The Cayman Islands Government's own account of its revenue lists import duties, stamp duties and service-related fees and states that there are no direct taxes; no VAT, GST or sales tax is levied. The territory charges import duty rather than a consumption tax on supplies, so the remaining fields do not apply.
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Government revenue is primarily derived from import duties, stamp duties, and various service-related fees.
Payment and banking services
1 service names Cayman Islands on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Exempted limited partnership (ELP)
- ISO 20275 code
- 6XB7Secondary GLEIF, Entity Legal Forms code list