| Formation and registration of a Republic of Ireland limited company has never been easier!
If you are considering starting-up your own business or even relocating your business to the Republic of Ireland, there are many issues that you will need to consider. What do you know about business planning? Business planning may include: conducting some market research; finding a location; and investigating the various schemes and grants available for research and development and setting-up.
Find out how to form a company and register your company for tax purposes. Did you know that the type of company you decide to start-up will determine your dealing with the Companies Registration Office? In addition, the type of company you start-up will also determine the nature of any Memorandum and Articles that require drafting. You will also find useful information regarding the name you choose for your company. Our procedures and the time required to register your company are also very clear. | Important Note:Since April 2001, all companies registered in the Republic of Ireland must have an Irish Resident Director or an Insurance Bond. Section 43 of the Companies Act states that if a company does not have a local Irish Director, an Insurance Bond for Non-Resident Directors should be taken. The purpose of the Bond is to ensure that the company will comply with the annual filing requirements of the Companies Registry (the Companies Registration Office) and the Irish tax authorities. If a company fails to comply with the annual filing requirements, then either of those bodies is entitled to call upon the Bond issuers to pay outstanding fees, penalties, and taxes up to a maximum of €25,000. The Bond once issued remains in force for a period of two years and is renewable thereafter. Bond applications are subject to application, status, and underwriting approval. We arrange for the provision of the required Bond in place of these requirements as part of our Non-Resident Directors company formation package. The establishment of a private company in the Republic of Ireland is easy and straightforward. For more details about the procedures, requirements, and terms, please visit our the incorporate in the Republic of Ireland section of our main website.  | |  | |  |   The formation of a private company in the Republic of Ireland is easy and straightforward. No permission is required to establish a business presence, although there is some regulation of the use of business and trading names. To apply for incorporation, Directors and Members (shareholders) of the company should submit the following documents to the Companies Registration Office (Companies House or Companies Registry) for the Republic of Ireland: Memorandum and Articles of Association, and Form A1. The form of the Memorandum is set out in Table B of the Companies Act 1963, and it must be divided into paragraphs and numbered consecutively. Photocopies are not acceptable. All subscribers must sign the Memorandum and Articles; their addresses and occupations must be stated. These documents should be dated and signatures of the shareholders must be witnessed. Each subscriber must write opposite his name the number of shares that he will take (information about the share takes is not required in the Articles of Association). Form A1 (Declaration of Compliance) must be completed by either (a) a solicitor engaged in the formation of the company or (b) a person named as Director or Secretary of the company. The Companies Capital Duty Statement must be completed and signed as well. Particulars of the Directors and Secretary must be provided in full (full names and home addresses). The name of the company should end with "Limited" or "Teoranta", but these words may be excluded from the name of the company if the object of the company will be the promotion of commerce, art, science, education, religion, or charity. For more information on the requirements for the incorporation documents of Republic of Ireland companies, visit the Republic of Ireland company registration service. |   Any person may form an incorporated company by subscribing his/her name to a Memorandum of Association and complying with the requirements of the Companies Acts. Businesses that are looking to establish their presence in the Republic of Ireland can consider the following available types of company.
Private company limited by shares: the liability of the company's Members is limited to the amount, if any, unpaid on the shares held by its shareholders;
Private company limited by guarantee, having a share capital: the liability of the subscribers is limited to the amount that the Members have undertaken to contribute to the assets of the company in the event of its being wound-up, in addition to the amount, if any, unpaid on the membership units held by the Members.
Public limited company: a public limited company is a company limited by shares. It must have at least seven Members and a minimum nominal capital of EUR38,092.
Public company limited by guarantee, not having a share capital: the liability is limited to the amount its Members have undertaken to contribute to the assets of the company, in the event of its being wound-up.
Other types of company are also available for registration. For more details about the types of company available for registration in the Republic of Ireland, and the incorporation procedures and requirements, please do not hesitate to contact Coddan or visit the Republic of Ireland companies section of our main website. | |  | |  | | Republic of Ireland Companies Incorporation Frequently Asked Questions
How many Directors must the company have? At least two Directors are required for the formation of a Republic of Ireland company. It should also be noted that corporate Directors are NOT allowed.
Directors of the company can be of any nationality and residence, but if none of the Directors reside in Ireland, an Insurance Bond for Non-Resident Directors should be taken.
Who are the shareholders? The shareholders (often referred to as "the Members") are the actual owners of the company. At least one shareholder is required for the incorporation of a company in Ireland; the maximum number of shareholders is 50 in the case of a private company. Corporate shareholders are allowed. Two or more people may hold shares jointly.
How is the company capital arranged. The "authorised" share capital of a company is the total number of shares that can be issued in the company. For the purpose of latitude and in order to avoid having to increase the authorised share capital at a later stage, we will incorporate the new company with share capital of EUR1,000. The share capital of the company will be expressed in euros only.
Does the company need to have a Secretary. Every limited company must have a Company Secretary. One of the Directors may act as the Company Secretary, or another person who is not a Director may be appointed as Secretary.
What are the company's annual obligations after incorporation. Accounts must be prepared each year and filed at the Companies Registration Office. The information given in filed accounts varies with the size of the company. Companies may, subject to certain conditions, seek to exempt themselves from the requirement to have accounts audited.
How long will the process take to complete. Once the properly-signed pre-registration documents have been returned to Coddan, we will electronically file and administer the entire registration process at the Companies Registration Office (CRO). The legal process of registering your new company will be completed generally in 5 working days (sometimes a little sooner, depending on volumes at the CRO).
For more information, please also check the accounts and Directors' Reports, books and records, and tax system and structure section of our main website. |  | | |
