Limited partnership (Limited Partnerships Ordinance)Turks & Caicos Islands
What it takes to form, own and run a limited partnership in Turks & Caicos 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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A 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.
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 路 at most 100
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A 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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A limited partnership shall at all times have a registered agent.
Each year, at the registry
- Annual registry fee
- 300 (currency not stated by the source)
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Annual Return Fee $300
- Accounts on the public record
- No
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A general partner shall keep or cause to be kept proper books of accounts, including day books of accounts and 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 accounts, including day books of accounts and underlying documentation including contracts and invoices
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual return certifying compliance, filed by the general partners of an exempt limited pa
- Each year, on the anniversary of incorporation
With Companies Registry
Ordinance s.16(2) applies to an exempt limited partnership, and a late return attracts a penalty of $25 a day under s.16(3). The pages read do not state a return date for an ordinary limited partnership, so none is recorded for it.
What is public
- Directors
- Public
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records and statements shall be open to inspection by members of the public
- Shareholders
- Public
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records and statements shall be open to inspection by members of the public
- Beneficial owners
- To the authorities only
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records and statements shall be open to inspection by members of the public
Tax
Tax on profit
How this company type is taxed, which can differ from its place鈥檚 headline rate.
Not in our records
How this type is taxed is not in our records. A partnership or sole trader is often taxed through its owners; incp.pro does not assume it.
- CFC rules in TC
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- A limited partnership is not dissolved by an act of the partners until a notice of dissolution signed by a general partner has been filed with the Registrar (s.14(2)); the general partners then wind up its affairs (s.14(1)); the Supreme Court may order dissolution on petition of a partner or creditor (s.14(3)).
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A firm shall not be dissolved by an act of the partners until a notice of dissolution signed by a general partner has been filed with the Registrar.
- Statutory fee
- Not in our records
Every business in Turks & Caicos Islands
VAT
- Standard rate
- Not in our recordsThe tax authority鈥檚 pages have not been read for TC.
Payment and banking services
None of the services whose lists we hold names TC. 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 Ordinance)
- Identifier
- TC-LIMITED-PARTNERSHIPA form ISO 20275 does not list.