Company Formation in Ireland LP

Top 5 Advantages of company registration in Ireland

1. 0% Tax on profit realized outside of Ireland
2. Quick incorporation
3. Possibility to stay anonymous on the register
4. No accounting nor reports nor tax returns
5. Easy to manage remotely

Roadmap

How long does it take to register a Company in Ireland LP?

• 5-10 working days
• Around 2 weeks if everything is done remotely

What are the steps to register a company in Ireland LP?

The registration process of a company in Company Formation in Ireland LP is very simple. The experts of LegalBison will assist you throughout every step of it:

1. Initial consultation and agreement
2. Payment of the full invoice
3. [IF REMOTELY]: Notarization of POA by client
4. Preparation of registration documents
5. Document signed at the notary
6. Official register validity: immediately

Taxes

How high are the corporate income tax in Ireland?

The limited partnership is seen as a «flow-through» structure, which means it is not liable to any corporate taxes.

• The partners are liable to pay an income tax to the Irish Tax Administration if they are resident of Ireland and/or if the profits have been generated on the soil of Ireland
• Therefore, profits generated out of Ireland attributed to partners also out of Ireland will not be taxed

What Double-tax treaties has Ireland LP?

Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion

Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia-and-Herzegovina, Botswana, Bulgaria, Canada, Chile, Czech Republic, China, Croatia, Cyprus, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hong Kong, Hungary, Iceland, India, Israel, Ireland, Italy, Japan, Kazakhstan, Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South-Korea, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uzbekistan, Vietnam, Zambi

Status: End of 2020

Decide first

1. What is your objective by setting up a limited partnership?
2. Do you want to buy a ready-made partnership or start a new one?
3. Do you want your name to be hidden in the registry?

Documents to provide for company registration in Ireland

• Passport copies (a scan) of all individuals above, also beneficiary owner if applicable
• A Power of Attorney (in case of a remote company registration)
• Certified company documents (in case at least one of the partners is going to be a foreign company)

Information needed to get company registration in Ireland

• 3 options of your desired name for the partnership and a contact email address
• Names, addresses and emails of all partners
• Short description of your companies’ activity & business plan
• Minimum of 2 partners (general and limited), we can provide one
• (Optional) the necessity for a nominee general or limited partner

Remote incorporation

• The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
• A Power of Attorney (POA) from (all) partners is needed
• The POA is sent to you by us based on the services you want
• You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
• Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
• Ireland is part of the Hague Convention of the Apostille

Accounting and auditing

• No accounting nor auditing is required for partnerships operating outside of Ireland

If you do business in Ireland, it will be required for LPs whose general partner is an Irish limited company:

• balance sheet
• profit and loss account
• partners’ report & auditor’s report

Residential requirements

What are the residential requirements in Ireland LP?

There are no residential requirements for a limited partnership.

• 100% foreign ownership is allowed
• A limited partnership is not required to have a physical office in Ireland

Important: a non-EEA/non Swiss national who intends to come to Ireland to establish a business that general partner will require the permission of the Minister for Justice and Equality to do so.

LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Ireland