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Irish Company. Irish Company Formation. Ireland LP – Limited Partnership
Worldwide Incorporation Services specializes in Company Formation in Ireland and opening bank accounts.
Types of Company for International Trade, Investment & Tax Planning
- Limited Partnership (LP)
- Private Company Limited by Shares (LTD)
Irish Limited Partnership
Capital
The minimum capital contribution is EUR 2.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Directors
Not Applicable.
Designated Members
The minimum number of designated members is two (designated members are analogous to the executive directors of a company).
Publicly Accessible Records
Yes.
Nominee Designated Members
Allowed.
Location of Meetings of Designated Members
Anywhere.
Taxation
Fiscally Transparent.
Double Taxation Treaty Access
No.
Requirements to File Accounts/Reports
Limited Partnerships, where all the general partners are limited companies, are obliged to return accounting documents under European Communities (Accounts) Regulations 1993. Accounting documents include:
- Balance Sheet
- Profit and Loss Account
- Partners’ Report
- Auditor’s Report
A Partnership where all the members (partners) thereof who do not have a limit on their liability are companies limited by shares or by guarantee are obliged to file financial statements.
If all the partners are individuals the Partnership does not have to file financial statements.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Partnership
The words “Limited Partnership” or “LP” must be part of the name of every company.
Time to Incorporate
Two days.
Personal Presence Required
No.
Irish LP Formation for Non-Residents
 Starting at $1,090.00
Irish Limited Partnership (LP) Includes:
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Irish Private Company Limited by Shares (LTD) Formation
A Private Company Limited by Shares (LTD) is a new model form of a private limited company created under the Companies Act 2014. This is the most common form of a Limited Liability Company or LLC in Ireland.
LTD companies remain by far the most frequently incorporated entity for private, commercial businesses and ventures in Ireland.
A Private Company Limited by Shares (LTD) is the most popular company type for private and commercial businesses ventures in Ireland.
Share Capital
Standard authorised share capital is EUR 100,000 divided into 100,000 Ordinary shares of €1 each.
Classes of Share Available
Registered shares and preference shares.
Bearer Shares
Not permitted.
Restrictions on Trading
Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Irish company must have a Registered Office in Ireland.
Directors
A Private Limited Company may have one director if desired, but in this case, must appoint a separate Company Secretary. Director can be of any nationality and need not be resident but at least one director must be resident the European Economic Area (EEA). Corporate directors are not permitted.
Shareholders
A minimum of one shareholder is required for an Irish company formation.
Publicly Accessible Records
Yes.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Taxation
12.5% on trading income
25% on non trading income.
Double Taxation Treaty Access
Australia, Austria, Bahrain, Belarus, Belgium, Bosnia & Herzegovina, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Italy, Israel, Japan, Latvia, Lithuania, Luxembourg, Mexico, Morocco, Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Russian Federation, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom and United States.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
Yes.
Audit Requirements
Yes, but small company exemption.
A small/medium sized company need only file abridged audited accounts, showing a limited amount of information, at the Companies Registration Office (CRO). They can also avail of the Audit Exemption if their turnover is less than €8.8 million. It is important to note that an Annual Return must be filed every year with the C.R.O. regardless of whether the company has traded or not.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Ltd” or “Teoranta*” must be part of the name of every Irish company.
* Irish Gaelic for Limited.
Time to Incorporate
One week.
Personal Presence Required
No.
Irish Private Limited Company Registration for Non-Residents – International Package
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Starting at $1,390.00
Irish Private Company Limited by Shares (LTD) Includes:
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- We’ve been helping business owners since 1998
- Incorporating your business is our focus
- We make a complex process fast and easy
- We work closely with Ireland Companies House to guarantee our service
Ireland Company Formation – Office Addresses
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