The document discusses how to open an exempted limited partnership in the Cayman Islands. An exempted limited partnership has at least one general partner who has unlimited liability and fulfills managerial duties, and one limited partner. To register, founders provide incorporation documents and pay fees to the Registrar. Exempted limited partnerships are not subject to Cayman Island taxes for 50 years. The document provides an overview of exempted limited partnership requirements and registration process in the Cayman Islands.