Non-profit organizations in Ireland
are opened as legal entities which do not have a commercial purpose. In Ireland
, investors can set up a wide variety of non-profit organizations
and they have to be registered following the legal procedures applicable to other types of companies
. Our team of specialists in company formation in Ireland
can offer an in-depth presentation on the mai requirements set up for this business structure.
Legal aspects regarding Irish non-profit organizations
Non-profit organizations (NPOs) in Ireland
can be set up for different purposes. Investors who want to open a company in Ireland
as a NPO
may choose to set up one of the following:
• religious organization;
• trade union;
• resident’s association;
Legal entities for Irish NPOs
registered as NPOs in Ireland
must be represented under a legal entity
, it is important to know that most of the organizations
are set under specific business forms. Those who are interested in the procedure of company formation in Ireland
should know that most of the NPOs
are set up under one of the following:
• company limited by guarantee (most of the Irish NPOs are set up under this legal entity);
• designated activity company (DAC).
The DAC business structure is a newer type of legal entity available in Ireland, which was established under the regulations of the Companies Act 2014.
Taxation aspects for NPOs in Ireland
Although the NPOs fall under the regulations of the Companies Act 2014, they are also regulated by other numerous acts, amongst we mention the following:
• Charities Act;
• Friendly Societies Act;
• The Tax Consolidation Act;
• VAT Act.
In terms of taxation
, foreign entrepreneurs who want to start the procedure of company registration in Ireland
should know that they can benefit of relevant tax exemptions
As a general rule, tax exemptions refer to the following:
• income tax;
• capital gains tax;
• stamp duty;
• withholding tax of dividends.