Limited Liability Partnership (Limited Liability Partnerships Act 2016) LLPMauritius
What it takes to form, own and run a limited liability 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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(2) A partner shall not be liable to pay the debts of the limited liability partnership beyond the amount he or it has agreed to contribute
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may be a partner of a limited liability partnership.
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at least one manager who – (i) is a natural person of full age and capacity; and (ii) is resident in Mauritius.
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A limited liability partnership shall consist of 2 or more persons associated for carrying on a lawful business.
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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
- Required
- Paying up the capital
- A partner's contribution may be satisfied by money, a loan, any other property or services, and a non-cash contribution is valued and specified in the partnership agreement (Limited Liability Partnerships Act 2016, s.12(3)); a partner is not liable for the debts beyond the amount he or it has agreed to contribute (s.13(2)).
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The contribution of a partner may be satisfied by the provision of money, loan, any other property or services, and where non-cash contribution is provided, the value of the contribution shall be agreed upon and specified in the partnership agreement.
Own it
Who may own and run it
- Directors
- At least 1 · one must live there · individuals only
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at least one manager who – (i) is a natural person of full age and capacity; and (ii) is resident in Mauritius.
- Shareholders
- At least 2 · a company may be one · nominees allowed
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may be a partner of a limited liability partnership.
- Members
- At least 2
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(1) A limited liability partnership shall consist of 2 or more persons associated for carrying on a lawful business.
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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Every limited liability partnership shall have a registered office in Mauritius to which all communications and notices may be addressed.
Each year, at the registry
- Annual registry fee
- MUR 5,000
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Yearly Fees for LLP (Domestic) – Rs 5,000
- Accounts on the public record
- Small exempt
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(a) less than 50 million rupees 100 million rupees, file with the Registrar a financial summary which shall give a true and fair view of its state of affairs; or
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- An LLP below Rs 100 million files a financial summary; at Rs 100 million or more it files financial statements in the manner specified in the Companies Act (s.40(1)).
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(b) 50 million rupees 100 million rupees or more, file with the Registrar financial statements in the manner specified in the Companies Act.
Important dates
When each obligation falls due, as the authority states it.
- File the first financial summary or financial statements within 15 months of registration
- 15 months after incorporation
With Registrar of Limited Liability Partnerships
s.40(3); the Registrar may extend on application.
- File the financial summary or financial statements within 6 months after the end of the fi
- 6 months after the end of the accounting period
With Registrar of Limited Liability Partnerships
s.40(3).
- Pay the annual registration fee
- Not in our records
With Registrar of Limited Liability Partnerships
Not stated on companies.govmu.org/cbrd/setting-up-a-limited-liability-partnership/ when checked
- Notify the Registrar of a change of partner
- Not in our records
With Registrar of Limited Liability Partnerships
Not stated on companies.govmu.org/cbrd/setting-up-a-limited-liability-partnership/ when checked
- Lodge beneficial-owner information within 14 days of an entry or alteration in the registe
- 14 days after change of shareholders
With Registrar of Limited Liability Partnerships
Offence on failure; fine up to Rs 300,000 (s.34).
- A resident société files its annual income return
- 30 September
With Mauritius Revenue Authority
MRA's page for sociétés; an LLP is a société under the Income Tax Act.
What is public
- Directors
- Public
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shall contain a record of every limited liability partnership registered under this Act and all documents filed in relation to such limited liability partnership.
- Shareholders
- Public
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shall contain a record of every limited liability partnership registered under this Act and all documents filed in relation to such limited liability partnership.
- Beneficial owners
- To the authorities only
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shall contain a record of every limited liability partnership registered under this Act and all documents filed in relation to such limited liability 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 liability partnership, is not liable to tax; each associate (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
- Removal of the LLP's name from the register by the Registrar, for example after failure to file the financial statement or summary within 30 days of notice (s.45); transfer of registration to another country by application to be removed (Form LLP8).
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the Registrar shall, by notice in writing, inform the limited liability partnership that its name shall be removed from the register if it fails to file the financial statement or financial summary within 30 days from the date of the notice.
- 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 liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership (Limited Liability Partnerships Act 2016) (LLP)
- ISO 20275 code
- RTVESecondary GLEIF, Entity Legal Forms code list