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This publication has been prepared for the assistance of those who are considering the formation of an exempted (or international) limited partnership in an offshore jurisdiction such as Bermuda, the Cayman Islands (“Cayman”) or the British Virgin Islands (“B.V.I.”) for the conduct of business outside such jurisdiction. This publication touches on, but does not deal with, other types of partnerships that may be formed in any of the above jurisdictions. This publication does not deal with the laws and regulations which may be applicable to certain kinds of business activities. Certain procedures are summarised but they may require a number of intermediate steps. For the sake of convenience, certain abbreviations are used.
This publication deals in broad terms with the requirements of each jurisdiction for the establishment and operation of exempted or international limited partnerships. It 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 relation to each jurisdiction on their specific proposals before taking steps to implement them.
Before proceeding with the formation of a limited partnership in any jurisdiction, persons are advised to consult their tax, legal and other professional advisors in their respective jurisdiction.
For current listings of the government fees for each jurisdiction, please contact Conyers Dill & Pearman.
To continue reading full articles in PDF format:
Comparison of Laws in Bermuda, the Cayman Islands and the British Virgin Islands Relating to Limited Partnerships