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ARTICLE · 14 JULY 2026

Ireland Consults On Reform Of Limited Partnership Framework

Arthur Cox
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The Department of Enterprise, Tourism and Employment has launched a public consultation on targeted reforms to Ireland's limited partnership regime, seeking views on measures to modernise a legislative framework still largely governed by the Limited Partnerships Act 1907. The proposals aim to increase the maximum number of partners from 20 to 149, introduce a statutory whitelist of permitted activities for limited partners, and provide greater flexibility regarding capital contributions.

IrelandFinance and Banking
Ian Dillon
Ian Dillon
Dara Harrington
Dara Harrington
Kevin Murphy
Kevin Murphy
Tara O'Reilly
Tara O'Reilly
Cormac Commins
Cormac Commins
Siobhan McBean
Siobhan McBean
Stephanie Hanrahan
Stephanie Hanrahan
Christopher O'Reilly
Christopher O'Reilly
Kevin Lynch
Kevin Lynch
+2 more
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The Department of Enterprise, Tourism and Employment (“DETE”) has launched a public consultation on targeted reforms to Ireland’s limited partnership regime. The consultation forms part of the ongoing development of the Miscellaneous Provisions (Registration of Limited Partnerships and Business Names) Bill 2024 (the “Bill”) and seeks views on measures intended to modernise a legislative framework that is still largely governed by the Limited Partnerships Act 1907. Submissions are invited until 14 August 2026.

For more information on the original 2024 proposals, see our previous update: Limited Partnerships: Proposals for reform published | Arthur Cox LLP

The reforms are intended to facilitate investment, enhance legal certainty and ease of doing business, and improve Ireland’s competitiveness as a location for investment structuring. DETE notes that limited partnerships continue to be used for venture capital, property investment and joint ventures, but considers aspects of the

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