Company Formation Ireland

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

How to Form an Unlimited Company in Ireland

Updated on Wednesday 30th August 2017

Rate this article
5 5 1
based on 3 reviews


How-to-Form-an-Unlimited-Company-in-Ireland.pngAn unlimited company in Ireland is a type of legal entity in which the company’s founders have unlimited liability for the business’ losses. According to the new Companies Act, which became applicable starting with 1st of June 2015, businessmen may set up three types of unlimited companies, each one providing different benefits. Investors who want to open a company in Ireland under this business structure should know that the entity represents 2% of all the companies registered in the country. Our team of company formation representatives in Ireland can offer in-depth details related to the registration of an unlimited company
 

Types of unlimited companies in Ireland  

 
The main characteristic of an unlimited company registered in Ireland refers to the unlimited liability applicable to the company’s founders. The regulation is provided under the Section 1271 of the new Companies Act
 
When starting the procedure of company formation in Ireland for this business structure, the investors may set up one of the following, as prescribed by the Section 1228
 
private unlimited company with share capital (ULC);
public unlimited company with share capital (PUC);
public unlimited company without share capital (PULC)
 

Requirements for registering an Irish unlimited company 

 
The Irish unlimited company may be set up by only one member (this type of company does not have shareholders). However, it is necessary to appoint two directors, who must be natural persons. At the same time, it is also necessary to appoint a company secretary, which can be represented by one of the company’s directors. Our team of company registration agents in Ireland can offer more details on the duties of the directors of an unlimited company.  
 
The company registration in Ireland for this business form requires to draw up the statutory documents, which, following the regulations of the new Companies Act, are now represented by the Constitution
 
The company has to be registered with the Companies Registration Office (CRO), a procedure which can last approximately five working days. When registering with the CRO, it is also necessary to establish a company’s name, which has to include the words “unlimited company”, or their Irish equivalent (Cuideachta Neamhtheoranta). 
 
Businessmen are invited to contact our team of consultants in company registration in Ireland, who can also provide advice on the tax regulations applicable to this entity.  
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Dublin

Call us now at +353 (0)1 6461625  to set up an appointment with our lawyers in Dublin, Ireland. Alternatively you can incorporate your company without traveling to Ireland. All our clients beneficiate from the joint expertize of local lawyers and international consultants. 

We offer:

- cost-efficiency: competitive company formation prices;

- prompt response to your inquiry (maxim 24 hours);

- free and complete legal information featured on our site, at your disposal.

Online Incorporation

tax-calculator-ireland

Tax Calculator

tax-calculator-ireland

Testimonials

Francesco-Dagnino.jpg

I worked with colleagues at IrelandCompanyFormation.com on numerous occasions and every time I was very pleased with their company formation services.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

We accept online payments

paypal-logo.png