St. Peters Trust Company Guernsey.
Limited partnerships.
Partnerships Guernsey.

Guernsey Limited Partnerships

A partnership may be defined as a relationship which subsists between persons carrying on a business in common with a view of profit.

Business and profit can encompass a wide range of activities including commercial trading and the holding of investments with a view to receiving income and realising gains.

The liability of partners was initially unlimited, although over the years limited partnerships, whereby some partners could benefit from the protection of limited liability and more recently, limited liability partnerships, whereby all partners liability is limited, have been introduced in many jurisdictions.

Even if a general partnership is used, the effective liability of individuals may be limited by virtue of using a limited company as a partner.

A Guernsey limited partnership can afford a number of advantages including:

  • Transparency for tax purposes, meaning that the partnership itself is not taxable but the partners are
  • Inheritance tax planning advantages (e.g. for UK residents).
  • Confidentiality; partnerships exist in common law and it is not always necessary to register a partnership.
  • Flexibility in terms of changes of the partnership agreement, the proper law of the partnership, etc.
  • The use of a partnership in conjunction with other vehicles, including companies, for effective planning.

St Peters Trust Guernsey have experience in the establishment and administration of partnerships including provision of appropriate vehicles to act as partners, statutory compliance, administration and accounting services in a number of jurisdictions.

United Kingdom Limited Partnerships

Partnerships between resident and non-resident entities may be constituted and, if certain conditions are met, may be registered in Scotland or England. The partnership will receive a registration number and certificate of registration but should not be subject to United Kingdom taxation. Such partnerships provide an onshore image suitable for undertaking commercial activities outside the United Kingdom.

St Peters Trust, in conjunction with correspondents, are able to provide a full service including provision of appropriate partners and dealing with registration and compliance formalities in the United Kingdom.

For more information about Guernsey Partnerships please contact St Peters Trust.

Specialist Services

Contact Point

Partnerships contact Martin Priest.

Martin priest
 +44 (0)1481 723674

Contact for partnerships Christopher Le Pelley.

Christopher Le Pelley
 +44 (0)1481 723674

Financial Services

Guernsey trust companies.




Channel Islands companies.


Guernsey fiduciary services.


Guernsey and the Channel Islands, for many reasons, provide a competent, stable, low-tax and convenient location