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.

1. Howtoopenanexemptedlimitedpartnership
inCaymanIslands
A presentation brought to you by
CaymanCompanyIncorporation.com

2. The Partnership is a
business form available to
foreign investors in the
Cayman Islands.
The two carry out the
business in common and
see to the adequate
distribution of the profit.

3. The Exempted Limited Partnership is
one of the available forms that fall
under this category.
It is incorporated under the revised
Exempted Limited partnership Act,
which includes specific differences
from the Partnership Act.

4. Key traits
The exempted limited
partnership has no legal
personality;
It has at least one general
partner and one limited
partner;
The general partner is the
one who fulfills the
managerial role and the one
who has unlimited liability.

5. Exempted Limited
Partnership formation
The exempted limited partnership is
required to have a registered office
in the Cayman Islands.
The name of the partnership needs
to include an abbreviation that
indicates its form.

6. The requirements for the general partner are more complex.
He is required to be a Cayman resident, or, in the case of companies, be registered
under the Cayman Companies Law. The general partner can also be another
partnership registered in the Cayman Islands.

7. The general partner is the
one to handle managerial
duties, however, the limited
partner is not under a
fiduciary duty in exercising
his rights or authorities.
Both partners contribute to
the success of the business
to various degrees.
Duties and
liabilities

8. Registration
For this purpose, the founders
provide a Statement of
incorporation, signed by all
parties, as well as a required fee.
Exempted limited partnership
registration is mandatory and it
is performed with the Registrar.

9. The exempted limited partnership
is not subject to taxes in the
Cayman Islands and not are any
of the partners.
This is possible under a
Government exemption that has a
validity period of 50 years from
the date of the partnership's
approval application.
Taxation

10. Assistance
Our team advises international
clients in the Cayman Islands
who wish to set up
partnerships or any other
chosen business forms.
You can reach out for more
information on the Exempted
Limited Partnership.

11. ThankYou
for
Watching!
Contact us at:
www.caymancompanyincorporation.com
clients@caymancompanyincorporation.com