Limited Liability Partnership
A limited liability partnership (LLP) is a business structure that operates similar to a partnership. It should have its registered office in Mauritius, should consist of at least two partners (limited partners) and at least one manager resident in Mauritius and qualified as a Secretary. In the case of an LLP holding a Global Business Licence, the manager shall be a management company. The LLP is governed by the Limited Liability Partnership Act 2016.
The LLP has legal personality separate from that of its partners, who are not liable to pay the debts of the limited liability partnership beyond the amount they have contributed or agreed to contribute.
The income of a limited liability partnership is liable to tax in the hands of its partners. In the case of an LLP holding a Global Business Licence, it may elect to be taxed in the same way as a corporation.
LLPs are used by persons offering professional or consultancy services, holding a Global Legal Advisory Services licence or engaging in such other activities as prescribed by law. LLPs holding a Global Legal Advisory Services licence may benefit from a 5-year tax holiday in Mauritius.