Jersey LP

A limited partnership is a partnership made between one or more General Partners and one or more other persons who are limited partners. The general partner tends to be responsible for the management of the limited partnership and is generally a limited liability company. Limited partners are the investors who do not participate in the management of the limited partnership. Jersey Limited Partnerships are regularly used for collective investment funds, private investment structures and family planning. They have also proved popular for structures and transactions where tax transparency is important.
Jersey LP Key Features

1. Any general partner will have unlimited liability for the debts of the partnership, whereas the limited partners will be protected by limited liability provided that they have not participated in the management of the partnership;
2. It must consist of one or more general partners and one or more limited partners;
3. There is no limit on the number of limited partners;
4. A limited partner is permitted to assign its interest (subject to the terms of the partnership agreement);
5. A limited partner may contribute cash or property;
6. A limited partnership may be established for a specific period or for an unlimited period of time;
7. There are no requirements for an audit, filing of an annual return or annual fee; and
8. Registration and Control of Borrowing Order (“COBO”) consent will be required, both of which are standard applications.

Jersey LP Legal Requirements

Jersey LP	Corporate Details
General
Registered Office in Jersey	Yes
Shelf company availability	Yes
Share capital or equivalent
Standard currency	USD
Permitted currencies	Any
Directors | Officers | Partners
Minimum number	1 Limited Partner and 1 General Partner
Maximum number	None
Location of meetings	No
Corporate Partnerships allowed	Yes
Company Secretary
Required	No
Accounts
Requirements to prepare	Yes
Audit requirements	No
Requirements to file accounts	Yes

Jersey LP Tax Treatment
Jersey limited partnerships are not liable to any Jersey income tax burden
Jersey LP Duration for Set-up
2 Weeks
Distinctive Benefits of the Jersey LP

• There is no limit on the number of limited partners;
• Jersey limited partnerships are not liable to any Jersey income tax burden
• No audit requirements for A Jersey LP
• Friendly regulatory environment in Jersey
• Tax exemption on withholding tax.

The Valsen Advantage

1. End to end comprehensive service
2. Speedy and efficient service
3. Expert advice on structuring options
4. Dedicated ongoing compliance support
5. Extensive network pool of service providers