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Corporate & Trust Services
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The BVI BC
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The BVI Limited Partnership
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Modern rules
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BVI Limited Partnerships
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Advantages & Special features
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Commercial uses
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Summary of ATU Services
BVI Anti-Forced Heirship Rules
Contact Person
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The BVI Limited Partnership The
Partnership Act, 1996
The
Partnership Act of 1996 introduced legislation on Limited Partnerships and modernized the BVI Law of
Partnership embodied in legislation mirroring English Law under the Partnership Act of 1890.
Two
new legal entities are given recognition under the 1996 Act: - Local
Limited Partnerships
and
- International
Limited Partnerships
An International Partnership is not allowed
to carry on business with persons resident in the BVI or to own an interest in real estate (other than
as a lessees) in the BVI. An International Limited Partnership is exempt from all BVI income, capital,
and stamp taxes.
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