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ARTICLE · 20 JULY 2020

Introduction Of Jersey's Statutory Migration Regime For Limited Partnerships

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In July 2020, Jersey introduced a straightforward and highly sought after statutory migration scheme for the continuance of non-Jersey limited partnerships to and from Jersey.

JerseyFinance and Banking
Jonathan Heaney
Jonathan Heaney
Leanne Wallser
Leanne Wallser
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In July 2020, Jersey introduced a straightforward and highly sought after statutory migration scheme for the continuance of non-Jersey limited partnerships to and from Jersey. The new regime is expected to be popular in both the private wealth and investment funds industries in the island.

Under the Limited Partnerships (Continuance) (Jersey) Regulations 2020 (the Continuance Regulations), an application for the continuance of a non-Jersey limited partnership would be made to the Jersey Financial Services Commission (the JFSC), supported by a declaration (the Declaration) from the general partner(s) that the migrating limited partnership is solvent and wishes to be registered as a limited partnership under the Limited Partnerships (Jersey) Law 1991 (the LP Law).

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