A limited partnership (commanditaire Vennootschap or CV): this entity is similar to a general partnership, however a distinction is made between general (managing) partners and limited (dormant) partners. Provided limited partners do not take part in the day-to-day business, their liability is limited to their capital contribution. General partners are jointly and severally liable for the partnership’s debts. The partnership’s profit is allocated to each partner and subject to personal income tax if the partner is an individual and subject to profit tax if the partner is a legal entity. A CV with capital divided into shares is, however, subject to profit tax.

Sint Maarten Limited Partnership Key Features

  1. The partnership’s profit is allocated to each partner
  2. The partner’s income is subject to personal income tax if the partner is an individual and subject to profit tax if the partner is a legal entity.
  3. A limited or “silent” partner, however, contributes to the partnership a certain amount of capital.
  4. A limited or “silent” partner, liability is limited to the amount of capital contributed.
  5. A limited partner is prohibited from directly managing the affairs of the CV, however he can represent the general partners as their attorney-at-fact.
  6. If a limited partner is involved in the direct management of a CV he forfeits his right to the protection of limited liability and becomes jointly and severally liable for the debts resulting from the enterprise of the partnership, together with the general or managing partners

Sint Maarten Limited Partnership Legal Requirements

Sint Maarten Limited Partnership

Corporate Details

General

  • Registered Office in Sint Maarten

Yes

  • Shelf company availability

Yes

Share capital or equivalent

  • Standard currency

USD

  • Permitted currencies

Any

Directors | Officers | Partners

  • Minimum number

1 Limited Partner and 1 General Partner

  • Maximum number

None

  • Location of meetings

No

  • Corporate Partnerships allowed

Yes

Company Secretary

  • Required

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

Sint Maarten Limited Partnership Tax Treatment

The income tax rate is progressive with a rising scale with six brackets ranging from 12.5% – 47.5%.

Sint Maarten Limited Partnership Duration for Set up

Around 2 weeks

Sint Maarten Limited Partnership Distinctive Benefits

  1. A limited or “silent” partner, liability is limited to the amount of capital contributed.
  2. Favorable regulatory environment
  3. A limited or “silent” partner, liability is limited to the amount of capital contributed.

The Valsen Advantage

  1. End to end comprehensive service
  2. Speedy and efficient service
  3. Expert advice on structuring options
  4. Dedicated ongoing compliance support
  5. Extensive network pool of service providers

Sint Maarten Offering