Ireland

GENERAL INFORMATION

Total area - 70,273 sq km
Population - 4,773,000
Political status - Republic
Capital - Dublin
Official language - English, Irish
Official currency - Euro (EUR)
Time zone - GMT +/-0

Basic Information
1. Political Stability	1. Good
2. British Based Legal System	2. Yes
3. Type of Company	3. LP
4. Migration of Domicile Permitted	4. Yes
5. Tax by Jurisdiction on Offshore Profits	5. Nil

Corporate Requirements
1. Minimum Number of Shareholders	1. -
2. Minimum Number of Directors/Officers	2. Two
3. Corporate Directors Permitted	3. Yes
4. Secretary Required	4. No
5. Standard Authorised Capital	5. EUR 100
6. Bearer Shares Permitted	6. No

Local Requirements
1. Registered Office/ Registered Agent	1. Yes
2. Company Secretary	2. No
3. Local Directors	3. No
4. Local Meetings	4. No

Due Diligence / Disclosure
1. Due Diligence Required	1. Yes
2. Disclosure of Beneficial Owner on Public File	2. No (*BA)
3. Government Filing of Register of Directors/Officers	3. Yes
4. Government Filing of Register of Shareholders	4. -

Annual Requirements
1. Annual Return	1. Yes
2. Audited Accounts	2. No*

Shelf Companies Available	No
Days to Incorporate Companies on Request (Approx.)	5
Tax Treaties Access	No

*BA – Only to Registered Agent
*- If all the partners are individuals the Partnership does not have to file financial statements.

Notes:

In general, Ireland is a jurisdiction with a standard level of taxation. However, Irish legislation provides the opportunity for registration and operating of companies with a zero rate of tax - the Limited Partnerships (L.P.).
The favourable tax regime of a L.P. is based on its “pass-through” status in that all profit received by the L.P. is considered to be transferred to its partners. Accordingly, if the partners are resident in a taxpaying jurisdiction, they will be obliged to pay tax in their country of residence proportionally to their share of participation in the Limited Partnership.
In Ireland there are certain obligations, including preparation of financial statements, which must be fulfilled by every type of company, including a L.P.

Jurisdictions

Ireland

Jurisdictions

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