Collas Crill Trust are able to incorporate and administer
Limited Partnerships, which are governed by the The Limited
Partnerships (Guernsey) Law, 1995.
Limited partnerships are used for various reasons including
asset protection and international tax planning, where the tax
transparency of the vehicle is advantageous.
In basic terms, there will be a partnership between one (or
more) general partners with responsibility for managing the
partnership, and one (or more) limited partners as investors - who
will not be involved with day-to-day management.
Being tax transparent, the partners will be taxed individually
in their own countries of residence on their share of profits. A
Guernsey partnership and any non-resident partners will not be
liable for Guernsey income tax providing the partnership's
activities and investments fall outside of Guernsey.
In Guernsey, a limited partnership can choose to have separate
legal personality. This must be determined by the general partner
For further information please contact us at