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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001495673-10-000002.txt : 20100915
<SEC-HEADER>0001495673-10-000002.hdr.sgml : 20100915
<ACCEPTANCE-DATETIME>20100915163202
ACCESSION NUMBER:		0001495673-10-000002
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20100915
DATE AS OF CHANGE:		20100915
EFFECTIVENESS DATE:		20100915

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kingstown Partners Offshore Ltd
		CENTRAL INDEX KEY:			0001495673
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-147797
		FILM NUMBER:		101074119

	BUSINESS ADDRESS:	
		STREET 1:		C/O MOURANT OZANNES CORPORATE SERVICES
		STREET 2:		42 NORTH CHURCH STREET, P.O. BOX 1348
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
		BUSINESS PHONE:		212.319.1309

	MAIL ADDRESS:	
		STREET 1:		C/O MOURANT OZANNES CORPORATE SERVICES
		STREET 2:		42 NORTH CHURCH STREET, P.O. BOX 1348
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001495673</cik>
        <entityName>Kingstown Partners Offshore Ltd</entityName>
        <issuerAddress>
            <street1>c/o Mourant Ozannes Corporate Services</street1>
            <street2>42 North Church Street, P.O. Box 1348</street2>
            <city>Grand Cayman</city>
            <stateOrCountry>E9</stateOrCountry>
            <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
            <zipCode>KY1-1108</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-319-1309</issuerPhoneNumber>
        <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Other</entityType>
        <entityTypeOtherDesc>Cayman Islands Exempted Company</entityTypeOtherDesc>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Blitzer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>11 East 44th Street</street1>
                <street2>Suite 704</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10017</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of the Board of Directors and Managing Member of Kingstown Capital Management, LP (the investment manager).</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Guy</firstName>
                <lastName>Shanon</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>11 East 44th Street</street1>
                <street2>Suite 704</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10017</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of the Board of Directors and Managing Member of Kingstown Capital Management, LP (the investment manager).</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Warren</firstName>
                <lastName>Keens</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Close Brothers (Cayman) Limited</street1>
                <street2>Harbour Place, 4th Floor, P.O. Box 1034</street2>
                <city>Grand Cayman</city>
                <stateOrCountry>E9</stateOrCountry>
                <stateOrCountryDescription>CAYMAN ISLANDS</stateOrCountryDescription>
                <zipCode>KY1-1102</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member of the Board of Directors.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-07-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Budge Collins</recipientName>
                <recipientCRDNumber>2243028</recipientCRDNumber>
                <associatedBDName>Collins / Bay Island Securities</associatedBDName>
                <associatedBDCRDNumber>106560</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>567 San Nicolas Drive</street1>
                    <street2>Suite 460</street2>
                    <city>Newport Beach</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>92660</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>David Yazdan Jr.</recipientName>
                <recipientCRDNumber>2203866</recipientCRDNumber>
                <associatedBDName>Capitol Securities Management, Inc.</associatedBDName>
                <associatedBDCRDNumber>14169</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>100 Concourse Blvd.</street1>
                    <street2>Suite 101</street2>
                    <city>Glen Allen</city>
                    <stateOrCountry>VA</stateOrCountry>
                    <stateOrCountryDescription>VIRGINIA</stateOrCountryDescription>
                    <zipCode>23059</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>SD</state>
                    <description>SOUTH DAKOTA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>29791000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>Kingstown Capital Management, LP is paid a quarterly management fee of 0.375% of the net asset value of each share in the Fund and 0.375% (prorated) of the purchase price for each purchase of shares of the Fund.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Kingstown Partners Offshore Ltd</issuerName>
                <signatureName>Michael Blitzer</signatureName>
                <nameOfSigner>Michael Blitzer</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-09-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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