Introduction of Jersey’s Statutory Migration Regime for Limited Partnerships

In July 2020, Jersey introduced a straightforward and highly sought after statutory migration scheme for the continuance of non-Jersey limited partnerships to Jersey. The new regime is expected to be popular in both the private wealth and investment funds industries in the island.

Under the Limited Partnerships (Continuance) (Jersey) Regulations 2020 (the Continuance Regulations), an application for the continuance of a non-Jersey limited partnership would be made to the Jersey Financial Services Commission (the JFSC), supported by a declaration (the Declaration) from the general partner(s) that the migrating limited partnership is solvent and wishes to be registered as a limited partnership under the Limited Partnerships (Jersey) Law 1991 (the LP Law).

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JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Christopher ReedGroup Partner*T +44 (0) 1534 700 825christopher.reed@walkersglobal.com
Leanne WallserGroup Partner*T +44 (0) 1534 700 755Leanne.Wallser@walkersglobal.com