Ireland offers various choices to foreign investors wanting to set up companies. From the simplest form which is the single entrepreneurship to more complex business forms, as accepted by the Irish Companies Act. Other types of companies foreign businessmen can open in Ireland are the private and public companies limited by shares and companies limited by guarantees with or without share capital. Among all of them the most employed is the private limited liability company because it has the least requirements. However, foreign entrepreneurs can also opt for partnerships that can be general or limited in Ireland. No matter the business form foreign investors decide for, the incorporation procedure is mainly the same.
Depending on the type of company clients want to open, the following documents must be presented with the Trade Register in Ireland:
The list with the trading activities must be submitted with the Trade Register through a statutory notice.
In order to benefit from a quick and flawless business registration our experts in company formation in Ireland will make sure all documents are correctly prepared.
As mentioned above, depending on the type of company clients want to set up, there will be certain requirements. Irish limited liability companies will require a minimum number of shareholders that is one for private companies and seven for public ones. Private companies will require a minimum number of two directors and one of them must be an EEA (European Economic Area) citizen, but new amendments brought in 2015 to the Companies Act might change these requirements. Both types of companies must have a secretary. While private companies are not required to deposit a minimum share capital, public companies are required a start-up capital of approximately 39,000 euros.
Irish companies limited by guarantees may be registered with or without a share capital. Companies limited by guarantees without a share capital will usually require at least seven shareholders as it is a public company, while companies limited by guarantees with a share capital will have a maximum number of 99 shareholders.
Partnerships in Ireland are general or limited. The general partnership will be made up of two or more partners with equal rights and liabilities. The Irish limited partnership will be made up by a general partner that will have management rights but will also be held liable for the partnership’s debts and responsibilities and a limited partner that will only be entitled to part of the profits and will be held accountable within the limits of his or her contributions.
The simplest Irish form of business that can be registered in Ireland is the sole trader or single entrepreneur that does not require a minimum share capital and the individual will be personally held liable for the business’ debts.
For customized company registration solutions, clients are invited to contact our Irish company formation representatives. Businessmen that need legal assistance or legal representation in the country, may contact our partner law firm in Ireland.
Foreign businessmen in search of company formation services in other countries such as Denmark, Switzerland or Montenegro can send us a detailed request and we will put them in contact with our partners from the respective countries. Furthermore, for specialized legal assistance in Cuba, we can put you in contact with our partner law firm.
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