Limited Liability Partnership LLPGuernsey
What it takes to form, own and run a limited liability partnership in Guernsey, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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Members are not liable for any debt of the LLP, or any other member of the LLP, by virtue solely of their membership of the LLP.
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Every LLP incorporated in Guernsey must have at least two members.
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Application for incorporation - within 24 hours 100
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the LLP.
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2
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Every LLP incorporated in Guernsey must have at least two members.
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Required
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every Guernsey LLP must have a Resident Agent who is an individual member resident in Guernsey or who is a Guernsey Corporate Service Provider.
Each year, at the registry
- Annual registry fee
- GBP 525 (about €617)
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Annual validation fee 525
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not in our records
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual validation of the LLP
- Not in our records
With Guernsey Registry
Not stated on guernseyregistry.com/All-LLP-guidance-A-Z when checked
What is public
Not in our records What the register shows the public is not in our records for the LLP.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Not in our records
How this type is taxed is not in our records. A partnership or sole trader is often taxed through its owners; incp.pro does not assume it.
- CFC rules in Guernsey
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the LLP.
Every business in Guernsey
VAT
- VAT or sales tax
- None levied
Guernsey charges no GST or VAT today: VAT is a UK tax and the Bailiwick lies outside the UK's fiscal territory, and the States of Guernsey describes the 3% GST as a change to be implemented from quarter 1 2029 under the 2026 Tax Reform package. The agreed package moves GST to 4% and then 5% at 24-month intervals, with 0% GST on food from small independent suppliers and on disability-adapted vehicles. Customs duty is charged on imports; the audit trail for a 2029 rate change is the tax reform pages cited.
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Consumption tax changes from quarter 1 2029: Implementing a goods and services tax (GST) at 3%.
Payment and banking services
None of the services whose lists we hold names Guernsey. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited liability partnershipDerived our grouping, the same words in every country
- Name in law
- Limited Liability Partnership (LLP)
- ISO 20275 code
- Q49KSecondary GLEIF, Entity Legal Forms code list