Ireland: Types of Company
Investment Limited Partnership
The Investment Limited Partnership Act 1994 introduced this form, known as an 'ILP', which is useful for collective investment entities, having tax transparency which allows investors to obtain double tax relief, which is unavailable to unit trust investors.
There are one or more general partners, one of whom must be an Irish incorporated company with its head office in Ireland; the minimum share capital is EUR125,000 and at least two directors must be Irish. General partners must be approved by the Irish Central Bank, and there must be an Irish Custodian.
Monthly accounts must be submitted to the Central Bank.