Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands

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Corporation Services Limited - Turks & Caicos company formation and management


TCI Limited Partnerships

Exempted Limited Partnerships ("LPs") in TCI are usually provided with a Guarantee of Exemption from Taxation in TCI for 50 years which makes them particularly attractive for individuals seeking security for the longer term (in the case of exempted companies the exemption lasts for 20 years).

Email us for details of costs and procedures

Features of Limited Partnerships

LPs are similar to LLC's in that they provide limited liability to the limited partners while avoiding classification as a corporation (tax-transparency). One of the principal differences between the two is that an LP is required to have a general partner (typically a TCI registered company) to carry the liability and perform the management functions of the partnership. This structure can be preferable to an LLC in certain circumstances, for example, where it is in the interests of the investor members to remain separate from the entity carrying on business (the general partner) for tax or other reasons.

LP's can provide a particularly useful and flexible means of achieving a number of objectives, including:

  • Limiting liability;

  • Investing into the US (or other jurisdiction as may be applicable) without being deemed to be doing business there for tax purposes;

  • Avoiding corporation tax on dividend distributions made to US limited partners/investors;

  • Raising venture capital.

  • Holding real property or assets ;

  • Dissuading and deferring frivolous law-suits;

As mentioned above, TCI exempted companies are typically used as general partners of LP's set up for international business purposes and under the terms of the partnership agreement they usually have extremely limited rights to participate in the profits of the partnership undertaking.

These types of partnerships are referred to as Exempted Limited Partnerships and are only required to file the following information: (a) the name of the general partner; (b) the Registered address; and (c) a statement from the general partner that it is not required to file the partnership agreement and that the duration (if limited). Identities of the limited partners remain private as do the terms of the partnership agreement itself, and accordingly clients acquire a high level of protection without compromising their privacy.

We will be happy to discuss the further uses of TCI LP's and will email more detailed information, dealing in particular with the standard costs, considerations and requirements, upon request.
 

Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands


Contact Details:


1, Caribbean Place
Leeward Highway,
Providenciales
Turks & Caicos Islands
British West Indies

Tel: 649-946-4344
Fax: 649-946-2758

Email

 

 

 
Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands

 

Reasons to consider an exempted LP in TCI:

  • No nationality restrictions;
  • Exempted from future TCI taxation (if any) for 50 years;
  • Minimal reporting req's;
  • Enhanced privacy;
  • Tax advantages;
  • Flexibility
  • Rapid set-up at reasonable cost.
     
Corporation Services Limited - Turks & Caicos company formation and management
Corporation Services Limited - professional company formation and management in the Turks & Caicos Islands


CSL Group:


 

Corporation Services Limited - Turks & Caicos company formation and management

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Corporate Products Services & Fees TCI Links Disclaimer