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

 

The Qatar Financial Centre Authority (“QFCA”) is committed to ensuring and enhancing transparency by adhering to the legislation on Anti-Money Laundering and Combating Terrorism. In line with this commitment and as a part of its duty in setting up different legal structures or arrangements in the Qatar Financial Centre (“QFC”), the QFCA also has the responsibility for gathering Basic Information regarding such structures or arrangements and identifying their ultimate beneficial owners. It is the responsibility of the legal structures or arrangements registered with the QFC, to maintain at its Registered Office, a Register of Basic Information, a Register of Beneficial Owners and a Register of Nominees, in addition to any other Register required to be maintained under any QFC Regulations and Rules.

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