Introduction

The Separate Limited Partnerships (Jersey) Law 2011 introduced the Separate Limited Partnership into Jersey law.

A Jersey Separate Limited Partnership ("JSLP") has legal personality and tax transparency and therefore provides an alternative to the Scottish Limited Partnership ("SCLP") which has been relatively widely used to date.

As offshore lawyers operating in a number of jurisdictions we are often asked to compare and contrast structures available in other jurisdictions with those available to us. The key advantages to using a JSLP over an SCLP relate to tax, flexibility around withdrawing limited partner's commitments, accounting standards and requirements and a lack of public disclosure of limited partners. More detail on the advantages a JSLP has over an SCLP is set out below.

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