A Public Limited Company (PLC) in Ireland is a company whose shares are publicly traded on a stock exchange. It has the authority to offer shares to the general public and is legally mandated to adhere to certain regulatory standards. PLCs usually have more rigorous reporting and disclosure obligations than private companies. They are required to maintain a minimum share capital and are subject to company law regulations tailored for PLCs.

A Designated Activity Company (DAC) in Ireland is a company structure often utilized for particular purposes, like property management or professional services. Unlike private limited companies, DACs must delineate their primary activities in their constitution and strictly abide by them. The liability of DACs may vary based on their configuration, and they are obliged to appoint at least two directors and one secretary.

A Company Limited by Guarantee in Ireland is a type of nonprofit organization that does not have share capital or shareholders. Instead, it is owned and controlled by its members, who act as guarantors rather than investors. This means that in the event of the company being wound up, each member agrees to contribute a predetermined amount towards its debts. CLGs are commonly used by charities, clubs, and community groups in Ireland.

In Ireland, an unlimited company represents a business structure in which members’ liability isn’t capped. Consequently, members are personally accountable for the company’s debts and commitments. Unlike limited liability companies, where shareholders’ responsibility is confined to their investment, members of an unlimited company may need to utilize personal assets to clear the company’s debts if it faces insolvency. Unlimited companies are less prevalent than limited liability counterparts and are generally employed for specialized purposes like investment holding or professional services.

Once you choose your company name we will check its availability, but don’t be worried if its not available. You will be able to trade through a trading name if necessary.

A NACE code will be registered for you and this can be changed post registration if necessary.

Most companies registered are Private limited companies with Shares. If you are undecided just male contact with us and we can guide you through your choices.

You will need to consider Authorized and Issued share capital, along with their respective values. We configure these shares to reduce future costs should you decide to allocate additional shares. Issued share capital is derived from Authorized shares and is allocated to subscribers. Shareholders can be individuals or entities from any location worldwide. We suggest a straightforward structure of 100 issued shares valued at €1 each. Since individual shares cannot be divided, it’s crucial to establish the correct number of Issued shares from the outset.

What is the distribution set up for your shares? A shareholder does not need to be a Director and can either be an individual person or another entity or company in Ireland or abroad. We will collect this information and incorporate it into your application. The most popular share structure is a simple one.  If you are setting up a subsidiary of another company let us know. We will need a copy of the certificate of incorporation of that company.

Simply sign the incorporation pages provided, and we’ll take care of the rest. If needed, we’ll interact with the Companies Registration Office on your behalf. Documents can be signed digitally and sent back to us via email. However, if you’re acquiring a Section 137 Bond, it must currently be sent to us via post. Section 137 Bonds are processed before the company is established. Once we receive the bond documents from the insurance company, we combine them with your signed papers, and the company is incorporated within 3-5 working days. Upon receipt of the company certificate of incorporation, we promptly email it to you.

You won’t be able to open an account until your RBO filing is finalized, a step we handle as part of our Premium Package. Upon incorporation, we connect you with two banks as our channel partners. You’ll receive a link, which you’ll use along with your company number to initiate the bank account opening process. Inquire about remote opening options. Additionally, you can discuss with your own bank the potential of opening a bank account in Ireland for your newly formed Irish Company.