Limited Partnership
Limited 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.
A limited partner is not liable for any of the partnership’s Liabilities beyond the amounts that they have already contributed or agreed to contribute.
- Includes 1 or more Persons called general partners and 1 or more Persons called limited partners,
- A Person may not be a general partner and a limited partner at the same time;
- A Limited Partnership must have a partnership agreement;
- Name of the limited partnership must end with the words ‘Limited Partnership’;
- The general partners may apply for registration of the limited partnership, and for the registration
- Registration fee is 300 USD for online application and 500 USD for paper application.