Seychelles Citizens' Loophole in Becoming a UK Limited Partnership - Finance Uncovered Exposé

Finance Uncovered is an organization headquartered in London, whose primary mission is to increase the quantity and quality of investigative reporting on illegal financing or exploitation through training and supporting journalists and activists around the world. Additionally, the organization conducts its own investigations into illegal financing or exploitation.

On November 3, 2023, the organization published "Seychelles secrets: Island tourist paradise home to Russia-linked firm exploiting UK laws", which revealed how high-net-worth individuals and multinational companies from certain sensitive countries use Seychellois citizenship to conceal the ultimate beneficial owners behind their enterprises.

This article will not delve into the cases disclosed in "Seychelles secrets", but rather focuses on the technical aspects of how these individuals and companies from sensitive countries leverage Seychellois citizens to exploit loopholes in UK laws.