Ireland LLP
Ireland LLP Key Features
- An LP must consist of at least one general partner and one limited partner.
- The partnership should not consist of more than 20 persons or, if carrying on the business of banking, of more than 10 persons.
- The general partner(s) is/are liable for all the debts and obligations of the firm.
- The limited partners contribute a stated amount of capital and are not liable for the debts of the partnership beyond the amount contributed.
- A partnership can be made up of natural persons or corporate entities.
Ireland LLP Legal Features
Ireland LLP |
Corporate Details |
General |
|
|
LLP |
|
Yes |
|
No |
|
5 – 10 business days |
|
12.5% |
|
Yes |
Share capital or equivalent |
|
|
Euro, € |
|
Any |
|
€1 |
Managers / Shareholders/ Directors |
|
|
Two |
|
Yes |
|
Yes |
Company Secretary |
|
|
Ye |
|
No |
Accounts |
|
|
Yes |
|
Yes |
|
Yes |
Ireland LLP Tax Treatment
The LLP is a tax transparent entity and is not liable to pay corporate taxes
Ireland LLP Advantages
- The LLP is a tax transparent entity and is not liable to pay corporate taxes
- Low minimum paid up capital of €1
The Valsen Advantage
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers