Mauritius introduced its Limited Partnership (LP) Act 2011, thus widening its array of financial products. This product is particularly advantageous to Global Funds which allows structuring directly in Mauritius, reducing the need for complex master-feeder structures and ensuring tax efficient structures. A Mauritius LP may hold a Category 1 Global Business Licence and may seek authorisation from the FSC to operate as a Collective Investment Scheme under the Securities Act 2005 and the Securities (Collective Investment Schemes and Closed-End Funds) Regulations 2008.
KEY FEATURES LIMITED PARTNERSHIP
Great flexibility in structuring the LP through its Partnership Agreement
|Registration||The LP vehicle can be registered with or without a legal personality with the Registrar of Limited Partnerships|
|Limited Partner||1, general partner may also be a limited partner|
|Name||The name of the LP must end with the words “Limited Partnership”, “L.P.” or “LP”|
|Local General Partner||It is not mandatory to have a Mauritian general partner, but a LP without a Mauritian general partner must at all times have a registered agent in Mauritius|
USES OF LIMITED PARTNERSHIPS
Private equity and venture capital schemes
Collective investment schemes and closed-end funds
Our experience with Sphere has been incredible. Despite our being a relatively small fund, their team has been consistently responsive & proactive, amazingly helpful and, most importantly, patient and flexible. Access to their network has been worth its weight in gold. We are grateful to the Sphere team for all they have done and continue to do.
With Sphere, I am in safe hands… I can go on holidays now..
Being in the Financial Services for over 40 years, I have seen a trend where Big Institutions are more concerned about profits than their valued clients. It is therefore pleasing to evidence outstanding service from Sphere. I am most impressed with your service.