Limited partnership (Partnership Act) LPCayman 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
Quote
A limited partnership may consist of any number of persons but shall include — (a) one or more persons called general partners, who shall be liable for all
Quote
A limited partnership may be established by two or more persons or entities for the transaction of any mercantile
The registry’s and the law’s own pages do not mention it.
Quote
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’s and the law’s own pages do not mention it.
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the LP.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
Quote
A limited partnership may be established by two or more persons or entities for the transaction of any mercantile
- A local company secretary
- Does not apply
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- KYD 475
Quote
9 LIMITED PARTNERSHIP ANNUAL FEE 50(1) N/A 475 579.27
- Accounts on the public record
- No
Quote
A partner, other than a limited 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
Quote
A partner, other than a limited partner, shall keep or cause to be kept proper books of account including, where applicable, material underlying documentation including contracts and invoices
- Audit
- The Partnership Act (2025 Revision) requires general partners to keep books of account for five years (s.28) and sets no audit requirement; the word 'audit' does not occur in the Act.
Quote
A partner, other than a limited 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.
- Annual fee paid to the Registrar on or before 16 January
- 16 January
With Cayman Islands General Registry
What is public
- Shareholders
- Public
Quote
which records and statements shall be kept open to public inspection.
- Beneficial owners
- To those with a legitimate interest
Quote
which records and statements shall be kept open to public inspection.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
No tax on profit · 0%
The Registry states there is no inheritance, income or capital gains tax or estate duty on partnerships, including an exempted limited partnership or its partners; the Advantages page adds there are no corporation, capital gains, payroll, property or withholding taxes on any type of company. Stated on the Registry's partnership page for exempted limited partnerships and read as covering partnerships generally.
Quote
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.
Not in our records Route, Statutory fee: none of these is in our records for the LP.
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.
Quote
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
- Limited partnership (Partnership Act) (LP)
- ISO 20275 code
- XAQASecondary GLEIF, Entity Legal Forms code list