Partnership Administration
One of the benefits of a partnership as opposed to a corporation is the lessened regulatory filing burden. Partnerships generally do not require annual government filing for maintaining its existence as a corporation does. That being said, partnerships still have numerous administrative requirements which must be managed in order to keep the partnership functioning.
With both the USA and the European Unions oppressive tax regimes expanding, it makes more sense than ever to have all of your partnerships operations and control effectuated offshore in order to maintain privacy and minimize tax liability.