ARTICLE · 19 FEBRUARY 2018

British Virgin Islands' New Limited Partnership Act Offers Significant Changes

O'Neal Webster

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O'Neal Webster

Founding The British Virgin Islands is a premier offshore financial jurisdiction, highly regarded...

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British Virgin IslandsWealth Management

Kerry Anderson

Vanessa King

Christopher Simpson

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Best-known for its stunning natural beauty—jewel-colored waters, soft sandy beaches, and lush mountain ridges—the British Virgin Islands also excels among her peers in the international financial services industry. Notably, the Territory is relentless in its pursuit of refining and advancing its financial services legal structures and complying with worldwide regulatory regimes. For those who choose the jurisdiction for global company formation, investment funds, banking, and more, the BVI offers needed flexibility in a stable legal environment.

The most recent development to come from the BVI legislature is a new Limited Partnership Act that modernizes the former partnership law. Central to the Act is the advent of limited partnerships with "legal personality."

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British Virgin Islands' New Limited Partnership Act Offers Significant Changes

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