Guernsey Limited Liability Partnerships

Guernsey introduced its form of limited liability partnership with effect from 13 May 2014 in response to increasing demand for this type of structure in Guernsey, with all the benefits and advantages that Guernsey offers generally as a jurisdiction in which to do business.

LLPs have been introduced in several other jurisdictions, including the UK (from 2000) and a number of offshore jurisdictions, including; Bermuda, the British Virgin Islands, the Cayman Islands, Jersey, Mauritius and the Seychelles. In drafting the Limited Liability Partnerships (Guernsey) Law, 2013 (the Law) Guernsey has had the advantage of being able to learn from those other regimes to develop an alternative business structure that will be attractive to a wide variety of users, both domestic and international.