General Partnership
General Partnership
May be established in the AIFC for any lawful business, purpose or activity by 2 or more Persons.
Must, at all times, have a registered office in the AIFC to which all communications and notices to the partnership may be addressed.
A general partner is liable, jointly and severally with the other partners, for all debts and obligations of the partnership.
- Includes 2 or more Persons called general partners.
- The partners must enter into a partnership agreement signed by all the partners;
- Name of the general partnership must end with the word ‘Partnership’ or ‘and Partners’ or ‘&Co.’;
- The general partners may apply for registration of the general partnership, and for the registration of each of the partners;
- Registration fee is 300 USD for online application and 500 USD for paper application.