ARTICLE
3 August 2020

States Of Guernsey Passes Migration Regulations For Limited Partnerships

CC
Collas Crill

Contributor

Collas Crill is an offshore law firm with offices in BVI, Cayman, Guernsey, Jersey and London.

We deliver a comprehensive range of legal services to clients locally and globally in four broad practice areas: Financial Services and Regulatory; Insolvency and Corporate Disputes; Private Client and Trusts; and Real Estate.

Clients include some of the world’s leading financial institutions, international businesses, trusts and funds, as well as high-net-worth individuals and families across the globe. We continue to build a network of independent and trusted partners around the world including the Caribbean, the Channel Islands, the UK, Europe, the US, the Middle East, South Africa and Asia.

The States of Guernsey yesterday passed The Limited Partnerships (Guernsey) (Migration) Regulations, 2020.
Guernsey Corporate/Commercial Law

The States of Guernsey yesterday passed The Limited Partnerships (Guernsey) (Migration) Regulations, 2020. These regulations have been long-awaited; while Guernsey companies have for decades been able to migrate to and from Guernsey, limited partnerships formed in other jurisdictions have been on the outside looking in.

The regulations have been structured in line with the existing, efficient, provisions for the migration of companies under the Companies (Guernsey) Law, 2008 and so will be very familiar to anyone who has brought a company into or taken one out of Guernsey already.

Any limited partnerships established in a foreign jurisdiction which permits migration will be able to move to Guernsey and avail themselves of the excellent legal, regulatory and administrative environment the island has to offer.

Originally published 31 July, 2020

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