ARTICLE · 20 APRIL 2017

Limited Liability Partnerships In Mauritius

Juristconsult Chambers

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The Limited Liability Partnership Act 2016 (the "LLP Act") came into force in Mauritius on 3 January 2017 and introduces a new corporate structure in Mauritius; the Limited Liability Partnership (commonly known as LLP).

MauritiusWealth Management

Arshaad Goolamally

The Limited Liability Partnership Act 2016 (the "LLP Act") came into force in Mauritius on 3 January 2017 and introduces a new corporate structure in Mauritius; the Limited Liability Partnership (commonly known as LLP). A Limited Liability Partnership is not to be confused with a Limited Partnership, where general partners are jointly and severally liable. One of the key features of a Limited Liability Partnership is its limitation of liability for partners . A partner in an LLP cannot be held liable to pay debts beyond the amount of his contribution to the LLP. A contribution to an LLP can be done in several ways, namely by the provision of money, loan, any other property or service or even through non-cash consideration. An LLP is typically well suited for professionals or consultants who wish to work together and restrict their liability. As such, persons who can set up LLPs in Mauritius are those:

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