Limited Partnership (Limited Partnerships Act 2011)Mauritius
What it takes to form, own and run a limited partnership in Mauritius, 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 individual, a body corporate or an unincorporated body, formed or registered with or without liability in Mauritius or elsewhere, including any société or partnership or any other body of persons, may be a general partner.
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An individual, a body corporate or an unincorporated body, formed or registered with or without liability in Mauritius or elsewhere, including any société or partnership or any other body of persons, may be a general partner.
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(ii) upon entering the limited partnership, make or agree to make capital contributions to the limited partnership; and
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A resident société is not liable to tax. Instead, every associate of the société is liable to tax on his share of income, whether distributed or not.
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
- A notary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A resident director
- Not required
- Paying up the capital
- Limited partners 'make or agree to make' capital contributions on entering the partnership; a contribution may be money, a loan, other property or services, and a non-cash contribution is valued in the partnership agreement (Limited Partnerships Act 2011, s.12(1)(b)(ii) and (4)).
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(ii) upon entering the limited partnership, make or agree to make capital contributions to the limited partnership; and
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · a company may be one
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An individual, a body corporate or an unincorporated body, formed or registered with or without liability in Mauritius or elsewhere, including any société or partnership or any other body of persons, may be a general partner.
- Shareholders
- At least 2 · a company may be one · nominees allowed
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An individual, a body corporate or an unincorporated body, formed or registered with or without liability in Mauritius or elsewhere, including any société or partnership or any other body of persons, may be a general partner.
- Members
- At least 2
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(a) one or more general partners who
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- 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
- MUR 5,000
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Yearly Fees for a Limited Partnership: Domestic – Rs 5,000
- Accounts on the public record
- Small exempt
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every limited partnership, other than a small limited partnership, shall ensure that, within 28 days after the financial statements of the limited partnership are required to be signed, copies of those statements together with a copy of the report of the auditor on those statements are filed
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- An auditor is appointed where required under an enactment or by the partnership agreement (s.42); a small limited partnership files a financial summary with its annual return.
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A limited partnership shall appoint an auditor where so required under an enactment or by the partnership agreement.
Important dates
When each obligation falls due, as the authority states it.
- No annual return is due in the first year of registration
- Not required for this type
With Registrar of Limited Partnerships
s.53(6).
- Submit the annual return in the month the Registrar allocated at registration
- Not in our records
With Registrar of Limited Partnerships
Not stated on companies.govmu.org/cbrd/setting-up-a-limited-partnership/ when checked
- File the financial statements and auditor's report within 28 days after the statements are
- Not in our records
With Registrar of Limited Partnerships
Not stated on companies.govmu.org/cbrd/setting-up-a-limited-partnership/ when checked
- Pay the annual registration fee
- Not in our records
With Registrar of Limited Partnerships
Not stated on companies.govmu.org/cbrd/setting-up-a-limited-partnership/ when checked
- A resident société files its annual income return
- 30 September
With Mauritius Revenue Authority
MRA's page for sociétés; a limited partnership is a société under the Income Tax Act.
What is public
- Directors
- Public
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which shall contain a record of every limited partnership registered under this Act and all documents filed in relation to such limited partnership.
- Shareholders
- Public
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which shall contain a record of every limited partnership registered under this Act and all documents filed in relation to such limited partnership.
- Beneficial owners
- To the authorities only
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which shall contain a record of every limited partnership registered under this Act and all documents filed in relation to such limited partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
A resident société, which includes a limited partnership, is not liable to tax; each associate (general or limited partner) is taxed on their share of income whether distributed or not. A non-resident société is taxed as a company at 15%.
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A resident société is not liable to tax. Instead, every associate of the société is liable to tax on his share of income, whether distributed or not.
Special regimes that may apply
- Companies engaged in export of goods or manufacturing activities in a freeport zone free zone · 3%
Companies engaged in the export of goods, and companies engaged in manufacturing activities in a freeport zone Income Tax Act 1995, section 44B
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Mauritius
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Dissolution on the events listed in s.55 (events in the partnership agreement, expiry of fixed duration, agreement of a majority of general partners or of all partners, and others), or by the Court (s.56).
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A limited partnership shall be dissolved upon the occurrence of any of the following events
- Statutory fee
- Not in our records
Every business in Mauritius
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Mauritius.
Payment and banking services
None of the services whose lists we hold names Mauritius. 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 (Limited Partnerships Act 2011)
- ISO 20275 code
- J76SSecondary GLEIF, Entity Legal Forms code list