Jersey Limited Partnerships

The Limited Partnerships (Jersey) Law 1994 (the "Law") governs Jersey limited partnerships.

A limited partnership seeks to combine the flexibility and "tax transparency" offered by a partnership structure with the benefits, for limited partners, of limited liability offered by a company. The Jersey limited partnership regime has particular advantages over other offshore jurisdictions: no Jersey general partner is required, there is no upper limit on the number of limited partners, there is limited information required to be made publicly available, there is no audit requirement and a limited partner may have greater involvement in management than in some other jurisdictions.

Jersey limited partnerships continue to be used extensively. Numerous collective investment schemes and private venture capital schemes have a limited partnership structure and limited partnerships also form the basis of many property holding and financing structures. Jersey has recently