Exempted Limited Partnerships as Investment Funds
Mello Jones and Martin · August 1st, 1997
This Memorandum is intended to provide a brief overview of some of the general provisions of Bermuda law and procedures which apply to the use of exempted limited partnerships.
- The Partnership Law
- Prohibited Activities
- Application for Registration
- Name of Partnership
- General Partners
- Limited Partners
- Minimum Capital
- Initial Limited Partnership Agreement
- Formation of Partnership
- Offering of Limited Partnership Interests
- Listing on the Bermuda Stock Exchange (“BSX”)
- Administration of the Partnership in Bermuda
- Registered Office
- Register of Limited Partners
- Resident Representative
- Changes to the Partnership
- Reduction of Capital
- Financial Records
- Liability of General Partners
- Liability of Limited Partners
- Free from Exchange Controls
- Free from Taxation
- Termination of Partnership
- Annual Maintenance Costs
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