Irish Company. Irish Company Formation. Ireland LP – Limited Partnership

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).

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.

Cost of Irish LP Formation

 
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Irish Private Limited Company Formation

Share Capital

Standard authorised share capital is EUR 1,000,000. Minimum paid up share capital is EUR 1.

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 minimum of two directors are required for an Irish company formation. 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.

Personal Presence Required

No.

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.

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

Two weeks.

Cost of Irish Private Limited Company Registration

 
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