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Limited Partnership Start-Up Requirements in Republic of Ireland

Limited partnership start-up requirements in Republic of Ireland

 
LP Start-Up Requirements

Limited partnership start-up requirements in Republic of Ireland: with a thriving economy rated as one of the fastest growing in the Euro zone, and with a well regulated and transparent tax regime, it's not hard to see why many believe Ireland to be an attractive place to start up a business. Another reason why more and more businesses are flocking to these shores is due to the country's strategic location, with the UK and the EU on its doorstep and excellent air connections to the Canada and the US to the west.

Ireland is definitely open for business, but that doesn't mean it operates a lax system and in fact, company law is strictly enforced in the republic. If you are considering locating a business such as a limited partnership in Republic of Ireland, it’s important that all the proper documentation is lodged with Companies Registration House in the capital, Dublin, and that the appropriate fees are paid in full first. Failure to do so will prevent you from operating here - it's as simple as that. Irish limited partnership startup requirements include the name and address of the firm and details of what it does; names and addresses for all the partners as well as the date when the limited partnership was formed and how much each partner paid. You will also have to provide a statement of how such contributions were paid.

Register a Irish LP

PSC and Irish LPs

Upon the registration of most of business entities in the United kingdom, you will require to register information about the person with the significant control, who does not need to be the ultimate beneficiary owner of your business organisation. Anyway, when you set-up a limited partnership in Republic of Ireland, you are exempt from such rules. You do not need to file information about the beneficiary owners or person with the significant control of your business.

The list of Irish limited partnership start-up requirements can seem pretty onerous, especially if you have no previous experience in this area, but this is where the team at Coddan can help. We know exactly what documentation is required to ensure your limited partnership start-up is completed properly. Everything can be done online and as soon as Irish limited partnership registration is complete, you are free to get down to business. To find out more, please give the team a call today.