Ideal solution for any company within the Financial or Legal industry as it enables 2 or more members to operate together and manage their liabilities and taxation as independent entities.

Can also be used where international companies or individuals wish to form a joint venture and distribute the income to the foreign partners.

                                                                          What is an LLP

A Limited Liability Partnership, LLP, is a type of business entity registered in The Gambia. Like a Private Limited company (LTD) it is considered as a corporate body with a separate legal entity. In addition, the liability of its members is limited to their contributions only.

The primary difference between an LLP and an LTD is that a Gambia LLP can operate as “Fiscally Transparent”. This means that any taxes on profits are levied on the members of the Partnership and not on the Partnership itself. The rate of tax levied on the members of the partnership is dependent upon each member’s tax residency. This can become a significant advantage if the members of the partnership are tax resident in a low or nil tax jurisdiction as profits can be redistributed tax efficiently.

Structure of an LLP

Limited Liability Partnerships do not have directors and shareholders, they only have partners. Each partner can be given limited liability and can be protected from responsibility or liability for another partner’s misconduct or negligence. All partners have the right to manage the LLP and at least 1 partner must be designated as the Nominated Partner.

In addition, an LLP may open a bank account either locally in The Gambia or in another jurisdiction. They may also apply for relevant trading licenses or import tax numbers. Each partner/ member may be either an individual or a corporate entity and do not have to be registered in The Gambia. Each partners may in addition maintain their bank account and choose to receive the LLP income into either partners account,

The details of the LLP partners are maintained confidentially at The Gambia Registry. Commonly an LLP business structure is used by those who conduct a regulated activity or intend to do so, as it can apply for Financial, Insurance and other regulated licenses to conduct regulated activities in The Gambia and internationally.

                                                          Requirements

1. The LLP requires at least 2 partners. These may be individuals or corporate bodies located in any jurisdiction.We will require identification documentation for each member
   Where this is an individual:
   Full Name & Address of each Member
   Photo ID and Proof of Address for each memberWhere this is a Corporate body:ID of the beneficial owner of the Corporate body
2. The LLP will require a registered address in The Gambia
3. The name of the LLP you would like to incorporate
4. Specification of whether all or some of the members are to be designed members

What we provide

• Hard copy Certificate of Incorporation
• The Partnership Agreement after your LLP is formed
• Online PDF versions of company documents