Saturday January 25, 2020

Funds industry opposes reforms to secretive partnership structures

Companies Registration Office describes growth in LP numbers as ‘abnormal’

Daniel Murray

Business Reporter

@danieltmurray
8th December, 2019

The international funds industry is resisting proposed transparency reforms to Limited Partnerships (LPs), according to documents seen by the Business Post. The government is drafting new legislation to reform LPs as registrations of the secretive structures in Ireland have almost tripled since 2014.

LPs are tax-free structures established under a 1907 Act that allows multiple partners with limited liability to carry out business activities through a general partner with unlimited liability. The structures are...

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