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ARTICLE · 29 JULY 2026

Irish Limited Partnerships - Proposed Reforms Take Shape

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Ireland's Department of Enterprise, Trade and Employment has launched a public consultation on modernising the limited partnership framework established under the Limited Partnerships Act 1907. The consultation seeks stakeholder input on three key reforms: increasing the cap on partner numbers, introducing a whitelist of permitted activities for limited partners, and allowing capital contribution withdrawals during the partnership's lifetime.

IrelandWealth Management
Claire Winrow
Claire Winrow
Demi Mullen
Demi Mullen
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KEY TAKEAWAYS

  • On 7 July 2026, the Department of Enterprise, Trade and Employment published a public consultation on reforms to the limited partnership framework in Ireland.
  • The consultation is seeking stakeholder views on three specific policy proposals under consideration for inclusion in the Registration of Limited Partnerships and Business Names Bill 2024, aiming to modernise the limited partnership framework and improve competitiveness namely:
    • increasing the cap on the maximum number of partners;
    • introducing a "whitelist" of activities for limited partners; and
    • permitting the withdrawal of capital contributions during the life of the partnership.
  • The consultation is open to submissions until 14 August 2026. 

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