Guernsey Adopts New Statutory Regime For Migration of Limited Partnerships

Limited partnerships which are registered overseas may now migrate into Guernsey under the Limited Partnerships (Guernsey) (Migration) Regulations, 2020, which came into force on 30 July 2020.

The LP Migration Regulations mirror the migration procedures already in force for companies under the Companies (Guernsey) Law, 2008, which allow companies to migrate into and out of the jurisdiction. The LP Migration Regulations are a further step to simplify the procedure for moving existing overseas funds into Guernsey, following the introduction by the GFSC of a fast track application regime for the migration of fund managers in June 2020.

Click to view advisory


GUERNSEY
Matt SandersManaging PartnerT +44 (0) 1481 748 914matt.sanders@walkersglobal.com
Kate StoreyPartnerT +44 (0) 1481 748 924kate.storey@walkersglobal.com
Adam PickeringSenior AssociateT +44 (0) 1481 748 915adam.pickering@walkersglobal.com
Jessica RobinsonSenior AssociateT +44 (0) 1481 748 932jessica.robinson@walkersglobal.com
Angela ProctorAssociateT +44 (0) 1481 748 903angela.proctor@walkersglobal.com