This publication has been prepared for the assistance of those who are considering the formation of partnerships in the British Virgin Islands (“B.V.I.”). It deals in broad terms with the requirements of B.V.I. law for the establishment and operation of partnerships. It is not intended to be exhaustive but merely to provide brief details and information which we hope will be of use to our clients. We recommend that our clients seek legal advice in B.V.I. on their specific proposals before taking steps to implement them.
Before proceeding with the formation of a partnership in B.V.I., persons are advised to consult their tax, legal and other professional advisers in their own jurisdictions.