Virgin Islands Family Limited Partnership Agreement and Certificate
Description
How to fill out Family Limited Partnership Agreement And Certificate?
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FAQ
There are two types of partnership that may be formed under B.V.I. law. One kind is where all the partners have unlimited liability for the debts and obligations of the partnership (?general partnerships?). The other kind is where some of the partners have limited liability (?limited partnerships?).
The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law.
On January 11 2018, the new BVI Limited Partnership Act 2017 (the ?Act?) came into effect and is designed to enhance the commercial attractiveness of the BVI as the jurisdiction of choice when structuring corporate arrangements.
A British Virgin Islands International Business Company is exempt from all local taxes, stamp duty, there is no capital gains, no inheritance tax, no sales tax and no VAT. If you are looking to maximise your profits, BVI could be a very good place for you to start your business.
On January 11 2018, the new BVI Limited Partnership Act 2017 (the ?Act?) came into effect and is designed to enhance the commercial attractiveness of the BVI as the jurisdiction of choice when structuring corporate arrangements.