Bermuda Exempted and Overseas Partnerships

Posted 13/01/2012 • Under Legal Memoranda

This memorandum has been prepared for the assistance of those who are considering the formation of partnerships in Bermuda or who are considering conducting business in Bermuda using an overseas partnership. It deals in broad terms with the requirements of Bermuda law for the establishment and operation of partnerships to which the Investment Funds Act 2006 (the “IF Act”) does not apply. A memorandum entitled “Bermuda Investment Funds”, which provides additional details relating to partnerships to which the IF Act does apply, is available upon request. This memorandum is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients seek legal advice in Bermuda and consult their tax, legal and other professional advisers in their own jurisdiction on their specific proposals before taking steps to implement them.