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What are the Requirements for an Irish Limited Company?

Update Date:2023-9-25 9:54:15     Source:www.3737580.com     Views:150

The main incorporation requirements are as follows:
 The choice of a company name must be approved by the Registrar of Companies and must be
sufficiently different from any other company name on the register (generic words like
‘holdings’, ‘Ireland’, international’, ‘trading’, etc. don’t count) 
 Every company must have a Registered Office address within the state
 All Irish companies must register for corporation tax.
 A Private Company Limited by Shares may have a single director if desired, but in this case,
must appoint a separate secretary.
 Every other type of Irish company must have at least two directors where one should be an EEA
resident or alternatively a company may dispense with this requirement by placing a bond to
the value of Euro 25,394.76 with the Company Registry (2 Directors still required though)
Premium for Bond is EUR1957.50 (We can arrange this on your behalf) The maximum number
of directorships allowable is 25.
 Every company must have a Secretary who may also be a Director. A Corporate Secretary is
permissible (We can provide a Corporate Company Secretary if you wish)
 It is possible to have a “Single Member Company” whereby all shares are held by the one
person/company. The Maximum number of shareholders for a Private Limited company is
ninety-nine.
 Companies are normally capitalised with 100 issued shares of Euro 1 each.
 Newly incorporated companies should demonstrate an activity/trade within the state if they
wish to register for VAT

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