Limited Partnerships

A Mauritian Limited Partnership (LP) combines the features of both a company and a partnership that offers a flexible vehicle that is ideally suited to carry out investment activities. It also carries the advantage of being structured as a look-through vehicle for tax purposes if so desired.

An LP is governed by the Limited Partnerships Act 2011. There must be a partnership agreement that is binding upon the partners, setting out the affairs of the partnership and the conduct of its business.

A limited partnership can elect to have legal personality and must have at least one general partner who is liable for all the debts and obligations of the partnership, and at least one limited partner who is liable only up to the maximum amount of its commitment.

An application for the formation of a domestic LP must be made to the Registrar of Limited Partnerships. An LP can also apply to the FSC for a Global Business Licence if it conducts a major part of its business outside Mauritius. An LP is required to have a registered agent in Mauritius.

Get in Touch

Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.