Partnerships

Partnerships are governed under the Partnership Act 1996.
In addition to generally accepted provisions for partnerships, the Act makes specific provision for local and international limited partnerships. A limited partnership may not carry on banking, insurance or trust company business, and an international limited partnership may not own real estate in the BVI or carry on business with persons in the BVI, subject to exceptions similar to those in the International Business Companies Act.

A limited partnership must have a registered agent in the BVI and be registered with the Registrar of Limited Partnerships. A registration fee of US$500 and an annual license fee of US$500 are payable to the BVI Government.