A Cayman Exempted Limited Partnership (ELP) is a flexible, tax-neutral investment vehicle widely used in international finance and investment structures, particularly in hedge funds and private equity. Governed by the Exempted Limited Partnership Law of the Cayman Islands, ELPs allow for limited liability for investors, while offering significant flexibility in terms of management and structure. These partnerships are exempt from Cayman Islands income tax, making them attractive for global investors seeking tax-efficient structures.