Offshore jurisdictions such as The Cayman Islands as well as Guernsey and Jersey in The Channel Islands have traditionally been used by both North and South American fund managers and investors as the jurisdictions to establish investment fund structures as well as feeder vehicles into investment funds based in, for example, the European Union (“EU”).

There has recently been a trend for these fund managers and investors to consider alternative jurisdictions following the introduction of the EU’s list of non-cooperative tax jurisdictions (“EU blacklist”) in December 2017 which was introduced to improve tax governance globally, and to ensure the EU’s international counterparts respected the same tax standards as EU Member States to prevent tax avoidance and harmful tax practices.

To help fund managers and investors consider alternative jurisdictions for investment fund structures as well as feeder vehicles into investment funds, the A&M Taxand team has prepared a new article an explaining the key benefits, considerations and legal features of Scottish Limited Partnerships (“SLP”).

Click here to read our full guidance on SLPs.