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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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BVI International Limited Partnerships BVI
Limited Partnerships
BVI Limited Partnerships
are formed by two or more persons under which there are one or more general partners and one or more
limited partners. The Limited Partnership must submit articles via a registered agent to the BVI Registrar
of Limited Partnerships, who upon payment of the prescribed fee of US$500 will issue a Certificate of
Limited Partnership.
The BVI Limited Partnership overcomes two perennial
problems associated with traditional unlimited partnerships, (1) mutual agency of a partnership leading
to joint and severable liability between the partners and (2) unlimited liability of individual partners
exposing their own wealth and personal assets to the same risks borne by the partnership assets.
The
BVI Limited Partnership creates a separate legal entity able to conduct business and, as with a corporation
of limited liability, shield the extent of any personal liability limited partners may have to third
parties or inter se.
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