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Saint Kitts: Types of Company

Exempt Limited Partnership

A limited partnership can qualify for tax exemption if it refrains from doing business with Federation residents. Partners of an exempt limited partnership are not subject to income, capital gains, and withholding taxes. Furthermore, no estate, inheritance, succession or gift taxes have to be paid by any person regarding property owned by or securities created or issued by an exempt limited partnership. Also, stamp duties are not levied on any person with regard to transactions in securities issued or create in respect of an exempt limited partnership.

The rules for allowing an exempt limited partnership to carry on some onshore activities are the same as for a corporation (see above). The annual registration fee for an exempt limited partnership is USD200.



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