One of the best advantages of investing in Ireland is the variety of business vehicles that can be registered in this country. Foreign investors may opt for private or public companies limited by shares, companies limited by guarantee with or without a share capital, partnerships and sole traders. However, before registration it advisable to keep in mind all characteristics and requirements for each type of Irish company, especially when it comes to the share capital that must be submitted when incorporating the company.
Our specialists in company incorporation in Ireland will help clients select the suitable type of company for their needs.
The registration of a company falls under the Irish Companies Act. Based on the Commercial Law there are several requirements in terms of company management, company secretary and share capital. While there is no maximum limit to the share capital requirement in Ireland, public limited liability companies are required to deposit a minimum share capital of approximately 25,000 euros, of which 25% must be paid before commencing any commercial activity. Compared to the public company, there are no minimum share capital requirements for private companies in Ireland. However, when registering a company, our Irish consultants in company formation may advise you on an amount to be deposited as share capital for private companies. Clients must also know the share capital must be stated in the company’s Memorandum and Articles of Association. Also, every time the share capital is altered, the Irish company’s Articles of Association must be amended.
Irish companies limited by guarantee may be registered with or without a share capital. The main difference between companies limited by shares and companies limited by guarantee in Ireland lies within the liability of the members. The shareholders or members of companies limited by guarantee in Ireland must guarantee to contribute with a nominal amount of 1 euro in case of insolvency. Even if there are no special requirements when it comes to the share capital, it can be raised at any time and all modifications must be stated in the Articles of Association of the company. Following these alterations, the company’s representatives must also notify the Irish Trade Register.
If you want to set up a company and need details about share capital or management requirements you can contact our experts in company formation in Ireland.