PARTNERSHIP IN NORTHERN IRELAND (LP)

Afortis Group offers professional legal services for company incorporation in Ireland. Our specialists will help you register or purchase a shelf company in the shortest time period. In addition to registering companies in Northern Ireland, we offer a wide array of services: legal address, nominee directors / shareholders, secretarial services, virtual offices, and professional legal support. We provide a range of ready-made company formation and incorporation packages to make setting up in Ireland easy. Each package has been built around the services most asked for when forming a business in Ireland.

Northern Ireland is part of the UK, which has its own legislation and its own Belfast Registration Chamber (Companies House in Belfast – CHB) which is identical to the general legislation in Great Britain. Northern Ireland consists of several historic districts of Ulster and is divided into 6 counties and 26 districts. A large part of the economy of Northern Ireland is made up from agriculture, manufacturing industries, shipbuilding, linen and food industries are also developed. Among other things, Northern Ireland has become a tech business centre not inferior to Dublin (Ireland). In Northern Ireland, you can register any of the existing legal forms in the UK. Still, we recommend Limited Partnership. Financial analysts see Northern Ireland as a perspective white-listed offshore zone. Today it is a business destination for both large corporations and medium and small businesses.

An Offshore Company Registration in the UK – Prices

Basic

590
  • Company registration, including payment of fees
  • Legal address
  • Set of registration documents
  • Registered agent
  • Stamp of the company

Standard

740
  • Company registration, including payment of fees
  • Legal address
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • Apostille of documents

Premium

950
  • Company registration, including payment of fees
  • Legal address
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • Apostille of documents
  • Nominee partners — legal entity
  • Nominee Director
  • Issue of a general power of attorney

Premium+

1150
  • Company registration, including payment of fees
  • Legal address
  • Set of registration documents
  • Registered agent
  • Stamp of the company
  • Apostille of documents
  • Nominee partners — natural persons
  • Nominee Director
  • Issue of a general power of attorney
Request a free call back

Do you want to learn more or purchase this service?

We will contact you via phone or in messengers Whatsapp/ Viber shortly
Request a free call back
An LP – a partnership that has two founders of non-residents in the UK – is the most interesting in terms of tax optimization a company formation.

This type of company allows you to avoid taxes when doing business outside Northern Ireland. At the same time, it is totally legal.

Irish LP with foreign members, which does not carry on a business in the UK and derives no income on UK territory, is not liable to tax in the UK. According to UK tax law, an LP is not considered in this country as a subject of taxation. The founders should pay taxes from the profits received by an LP in their place of residence according to their share of interests. For example, an
Irish LP has as members one Seychelles company and one BVI, which receives the income outside the UK, is tax-exempt. The members will pay taxes in the country of their residence.

Given the above stated features, we advise our clients to have a registered Agent in the UK who will provide nominee services (participants from offshore zones, legal address, assist in receiving documents from Companies House, provide secretarial and other services). Our experts will help you resolve all issues related with the company incorporation in Ireland and other issues related to the operation of your business.

How to register an offshore company in Northern Ireland?

Partnership registration requires two partners. There are General and Limited partners. Partners may be individuals or legal entities, residents of any country. A Partnership in Northern Ireland is registered by submitting registration forms to the Register of Enterprises (Companies House). There is an electronic registration, which makes it possible to carry out all actions without personal presence. In fact, the company becomes offshore when entering into the partnership with offshore companies (it is recommended to use a nominee service).

Steps for forming a tax-exempt LP

  • Company name check and approval
  • Filling of incorporation documents
  • Official fees
  • Company incorporation in Companies House
  • Notarization and apostille of company documents (if required)
  • Courier and postage costs

What is required to register a company in Northern Ireland?

  • Passport (scan copy)
  • Proof of address (scan copy, confirming the place of residence, for example: stamp of registration, utility bill or a copy of a similar document)

What you get

  • Registration Form LP5 of Application for Registration
  • Certificate of Registration
  • Pre-Incorporation Memorandum of Association
  • Partnership Agreement
  • Minutes of the First Meeting of Members
  • Share Certificates (2 Certificates of Shares)
  • Resolution of Members
  • 2 Instruments of Transfer (the Instrument of transfer of rights) *
  • Letter of Resignation (Undated (on request) exemption letter from the Nominee Director) *
  • Nominee Agreement (the Agreement of using the Nominee Service) *
  • Power of Attorney*
  • Declaration of Trust*
  • Certificate of Non-Trading*

* Provided in case of using a nominee service

  • An L.P. is a perfect solution for those businesses who prefer to operate with an EU-incorporated entity but to have a fully tax-exempt vehicle at the same time.
  • Northern Ireland is not included to the offshore “blacklists” and does not cause questions from tax authorities of different countries in the audit of transactions.
  • Confidentiality. The main advantage of the partnership is a closed register of beneficiaries. Information about one the founders of the Partnership (partners) is stored in the Open State Register. When using a nominee service, the actual owner is not visible in the public. Information about the beneficiary of the partnership is only available to the registered gent under complete confidentiality.
  • LPs (if the partnership does not conduct business in the UK, and its participants are non-UK residents) are not required to file a tax return and reporting.
  • UK has a reputation for prestigious jurisdiction and enjoys credibility with European banks.

Northern Ireland’s non-resident partnerships, in which offshore companies are partners, are often used for:

  • holding / asset management, real estate;
  • ownership of company shares;
  • international trading operations;
  • service companies – for example, consulting.