Limited Partnership

pic_4

Limited Partnership

The Limited Partnership Act 2011 was enacted in order to provide investors with a flexible vehicle which operates like a partnership while having a separate legal entity like a private limited company.

A Limited Partnership is an ideal vehicle for private equity funds, asset holding and family wealth structuring given the opportunity it offers to combine the benefits of a private limited company with those of a partnership such as limited liability protection to investors.

The Limited Partnership may hold a Global Business Licence and may elect to be tax exempt such that income would be taxed in the hands of its partners.