A crowdfunding company has as a main characteristic the fact that it raises the necessary capital for conducting a specific business purpose from a large number of investors. This can be achieved by collecting small amounts of money such persons (or other legal entities) have invested in the respective business. Businessmen interested in Irish company formation for a crowfunding company should know that most of such businesses gather their capital through social media platforms and, as a general rule, through online communication methods. Our team of consultants in company formation in Ireland can provide in-depth advice on the main aspects regarding this type of business.

Main sources of income through crowdfunding in Ireland

Crowdfunding is a typical means of collecting capital which is usually enforced by start-ups in Ireland or small and medium sized companies (SMEs). The method represents an apealling alternative to the traditional manner of obtaing capital for a company, which is usually handled through a banking institution.

The following video offers a short presentation on the crowdfunding sector in Ireland:

Investors who want to open an Irish company with the purpose of offering crowdfunding services must know that there are three main types of crowdfunding options, as follows:

• donation, usually applied for charitable purposes or small rewards (generally referring to the products or services provided by the company, once the business will start its operations);

• lending (in which the parties will invest in the Irish company knowing that the respective sum of money will be repaid with interest);

• investment (the investor will benefit from a percentage of the company’s profits).

Our team of agents in company formation in Ireland can offer in-depth advice on the most suitable crowdfunding option, depending on the particularities of the future business.

Regulatory framework in Ireland

Since this option for raising capital is rather new, the Irish authorities have not yet established a suitable regulatory framework. However, in April 2017, the local government presented a consultation paper on this matter, setting up a public consultation regarding the need of creating a legislative framework for crowdfunding companies.

The consultation will establish if specific rules of law (such as the Central Bank Act 2013) should apply to the field of crowdfunding. At the same time, it will verify if the crowdfunding platforms are to be regulated under specific provisions.

Businessmen interested in starting the procedure of company formation in Ireland in this field are invited to contact our team of consultants for further information on this subject.

Request Price

Request Call Back

Free Case Evaluation

Meet us in Dublin

Paul Sheridan is one of our company formation specialists. He can help you establish your company in Ireland fast and easy.

Call us now at +353 1 254 6150 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.

+353 1 254 6150

clients(at)lawyersireland.eu

Articles

Open a Crowdfunding Company in Ireland

Main sources of income through crowdfunding in Ireland

Regulatory framework in Ireland

Meet us in Dublin

Testimonials

For Website Owners

Are you a website owner? We are open to different partnerships and collaborations.

Become our Partner!

FOLLOW US

Contact us now

+353 1 254 6150

COMPANY FORMATION SERVICES

TERMS AND CONDITIONS

RELEVANT INFO