Guernsey Limited Partnerships

The Limited Partnerships (Guernsey) Law, 1995 (as amended) (the "Partnerships Law") was enacted to provide the finance industry in Guernsey with an additional flexible vehicle. It provides a limited liability option for a person who wishes to participate financially in a partnership up to a fixed capital amount but without taking part in the management of its affairs.

Guernsey limited partnerships are commonly used in the following areas:

• as part of international tax planning arrangements utilising the fiscal transparency of the limited partnership;
• as vehicles for private venture capital and private equity schemes;
• as components in asset protection arrangements; and