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Mauritius Limited Partnership - Soon a Reality


Mauritius is in the process of promulgating its limited partnership legislation. On Tuesday 18 October 2011, the Limited Partnership Bill 2011 was passed at the National Assembly of Mauritius after the third reading and sent to the President for assent, before being published in the Mauritius Government Gazette to have force of law. Taxand Mauritius considers the advantages of the bill to multinationals.

Over and above the main features which are normally attributed to limited partnerships in common law jurisdictions, the limited partnership legislation will allow limited partnerships to provide greater flexibility through their partnership agreement.

Taxand's Take

The Mauritius limited partnership has a number of features which makes it attractive for multinationals to use for structuring purposes. Soon, international investors, multinationals and fund promoters can make use of the Mauritius limited partnership to structure their business. The amendments that will be brought to the Income Tax Act 2005 will give Mauritius limited partnership as a pass through to taxable entity. This will appeal to fund promoters when structuring their master-feeder funds.

Your Taxand contact for further queries is:
Gary Gowrea
T. +230 405 2000

Taxand's Take Author