The Seychelles Limited Partnership Act was passed in 2003 which helped increase the number of offshore entities being offered in the offshore jurisdiction of Seychelles. The Seychelles Limited partnership company in essence is an offshore company which will receive tax advantages in the tax haven of Seychelles.

Incorporation of a Seychelles Limited Partnership must be completed with the services of a registered agent. This type of business company is easy to incorporate and not difficult to maintain. The formation of a Seychelles Limited Partnership involves outing together a list of documents and information to make the Limited Partnership Memorandum of Articles which is filed with the Registrar of Companies in this case is the Seychelles International Business Authority (SIBA). The information which must be filed includes;

- The proposed name of the company

- The name and address of the registered agent

- The name and address of the appointed General Partner and the names of other general partners

- The purpose for forming the limited partnership

- A signed statement saying that the Limited partnership will not carry on business in the jurisdiction of Seychelles

For the formation of a Seychelles Limited Partnership company it is advisable that the partners enter into an agreement called the partnership agreement. The Partnership agreement is a document which has been signed by all the partners. The document will outline the type f business to be carried out, the rights of the partners, the limitations and privileges of the partners and the liability of the partners. When forming the partnership company the partners can choose to submit the partnership agreement when filing formation documents or it can be kept anywhere the partners desire.

According to the Seychelles Limited Partnership Act more than one individual can form a Limited partnership Company. The partners in a Limited partnership company can be general and limited partners and the general partnerships are accountable for all the debts and liabilities incurred by the limited partnership company whilst the limited partners are responsible to the extent of their contributions made or the contributions to be made can be

The formation of a Seychelles Limited partnership Company means that there are many benefits to take advantage of. These include no taxation of incomes generated outside of the jurisdiction as well as no stamp duty. The Seychelles Limited Partnership company can also take advantage of many double tax treaties which has been signed. The limited partnership company has an obligation to pay an annual license fee to the government of Seychelles at the end of each financial year.

The Seychelles limited partnership company can do business anywhere in the world and is most popularly used for international trading. A Limited partnership formed in Seychelles in one of the best offshore business entities available today. The Seychelles Limited partnership Company has a very flexible structure and the company itself is easy to incorporate.