Valsen Corporate

Ireland LLP

  • Valsen Fiduciaries has been a leading partner for investors looking to register limited liability partnerships in Ireland. Limited Liability Partnerships (LLP’s) are available in Ireland (called Limited Partnerships – LP’s), however they are quite rarely used, and only a handful are registered in Ireland each year. 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. Investment Limited Partnerships (ILP’s) are used sometimes by the funds industry.

    Ireland LLP Key Features

    1. An LP must consist of at least one general partner and one limited partner.
    2. The partnership should not consist of more than 20 persons or, if carrying on the business of banking, of more than 10 persons.
    3. The general partner(s) is/are liable for all the debts and obligations of the firm.
    4. The limited partners contribute a stated amount of capital and are not liable for the debts of the partnership beyond the amount contributed.
    5. A partnership can be made up of natural persons or corporate entities.

    Ireland LLP Legal Features

    Ireland LLP

    Corporate Details

    General

    • Type of Entity

    LLP
    • Registered Office in Ireland

    Yes
    • Shelf company availability

    No
    • Our time to establish a new company

    5 – 10 business days
    • Corporate Taxation

    12.5%
    • Access to Double Taxation Treaties

    Yes

    Share capital or equivalent

    • Standard currency

    Euro, €
    • Permitted currencies

    Any
    • Minimum paid up

    €1

    Managers / Shareholders/ Directors

    • Minimum number

    Two
    • Local Director

    Yes
    • Corporate Shareholder allowed

    Yes

    Company Secretary

    • Required

    Ye
    • Local or qualified

    No

    Accounts

     
    • Requirements to prepare and Submit

    Yes
    • Tax Returns

    Yes
    • Audited Annual Statements

    Yes

     

    Ireland LLP Tax Treatment

    The LLP is a tax transparent entity and is not liable to pay corporate taxes

    Ireland LLP Advantages

    1. The LLP is a tax transparent entity and is not liable to pay corporate taxes
    2. Low minimum paid up capital of €1

    The Valsen Advantage

    1. End to end comprehensive service
    2. Speedy and efficient service
    3. Expert advice on structuring options
    4. Dedicated ongoing compliance support
    5. Extensive network pool of service providers