Limited Partnerships

A limited partnership is a partnership comprising at least one general partner and at least one limited partner and may be established in the QFC under the QFC Partnership Regulations.

Key Features

  • Not a separate legal entity; it is a partnership comprising at least one general partner and at least one limited partner
  • A general partner has unlimited liability and a limited partner has limited liability provided it does not take part in the management of the partnership business and affairs
  • Partners will sign and file with CRO an incorporation document and a limited partnership agreement
  • No partner may be required to contribute capital to the partnership
  • A limited partnership shall at all times have a registered office in the QFC buildings or place approved by the QFC
  • Annual returns are required to be filed and accounts are to be audited and filed with the CRO
 
 

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