Regulatory Requirements
Limited Partnerships (LP) Domestic
Limited Partnerships are governed by the Limited Partnerships Act 2011.
It is a business structure with two types of partners:
- General Partner (similar to Directors in a company)
- Limited Partner (with a limited liability as shareholders in a company)
The Steps required to set up a Domestic Limited Partnerships
The name should be available – In accordance with Section 15 of the Act –
(APPLICATION FOR RESERVATION OF LIMITED PARTNERSHIP NAME S16.F LP1).
- Name should end with the word “Limited Partnership” or “LP”.
- To fill downloadable form (link to form) – – APPLICATION FOR REGISTRATION OF A LIMITED PARTNERSHIP- S19.F LP2 – In accordance with Section 19 of the Act:-
- Written Consent of General Partner
- Partnership Agreement (optional to file with ROC)
- Letter of disclosure for Beneficial Owner
- BRF 3 – Application for Business Registration Card.
- Please note that the fees payable for a Limited Partnership at the time of registration is:-
- Domestic – Rs 3000 + Rs 200 (Certificate)
Yearly Fees for a Limited Partnership:
- Domestic – Rs 5,000
Does a Domestic (LP) require to file Annual Return and Financial Statements with the Registrar of Limited Partnership?
- Yes, it needs to file annual return and financial statement annually with ROC who will determine the date.
- Every limited partnership shall, once every year, during the month allocated to the limited partnership for the purpose, submit to the Registrar, for registration, an annual return with its financial statement in such form and manner as the Registrar may approve.
Other Documents/Changes
Any change in the Limited Partnership should be notified to the Registrar of Limited Partnership:-
- Change in General Partner and Consent- NOTICE OF CHANGE OF GENERAL PARTNER (Section 22 of the Act) and CONSENT OF GENERAL PARTNER-S19(2)(9)
- Annual Return- S53 F. LP3
- NOTICE OF CHANGE IN REGISTERED PARTICULARS – S22.F LP7
- NOTICE OF CHANGE OF NAME OF A LIMITED PARTNERSHIP – S17.F LP5
- APPLICATION FOR REMOVAL OF LIMITED PARTNERSHIP FROM REGISTER FOR THE PURPOSE OF TRANSFERRING ITS REGISTRATION TO ANOTHER COUNTRY– S65.F LP4
- Business Registration Card (BRN)
- Certificate of Current Standing is issued against payment of Rs 100.
- Copies:- (Certified Copy: Any Certificate/Any other document Rs 200; Partnership Agreement Rs 500)
- Search (Rs 100)
LIMITED PARTNERSHIPS (LP) (Foreign)
“Foreign Limited partnership” means a partnership –
- (a) constituted under the law of a country outside Mauritius; and
- (b) in which one or more partners has limited liability in respect of partnership obligations as a result of the registration of the partnership in that country;
Please note that the fees payable for a Limited Partnership (Foreign) at the time of registration is:-
- Foreign – Rs 9000 + Rs 200 (Certificate)
Yearly Fees for a Limited Partnership:
- Foreign – Rs 18,000