What are the requirements to register a Limited Company (LTD) in Ireland?
Company Bureau Formations
17 February, 2016
It is no surprise that many entrepreneurs see Ireland as a suitable jurisdiction for their new business. Registering a company in Ireland has many benefits including attractive tax regimes, a highly educated workforce and an extremely business friendly economy. The process of registering a company in Ireland can be complicated and mistakes can become costly. This is why many people decide to outsource the task to a company formations agent. In order to register your company, you will be required to submit the following information to the formation agent:
Your Irish company's name must be unique from any other company registered in Ireland. There are certain restrictions on company names made by the Companies Registration Office (CRO) such as words which require special permission prior to use (Group, Bank) and any word that is deemed to be offensive.
The Activities of the Company
Since the introduction of the Companies Act 2014, a Private Company Limited by Shares (LTD) may carry out any legal business they wish. However, you are still required to list the precise activities of your company by submitting the appropriate NACE code. A Formation agent will be able to help you with this.
The Company Directors
A director of a company is a person or body that has been appointed by the shareholders to run the company. A LTD company can have between 1 to 99 directors, one of which must be an EEA Resident and all must be over the age of 18. If a company does not have an EEA-resident director, they may enter into a 'Section 137 Non-Resident Director's Bond' which can be arranged through Company Bureau. The following information will be required for each director of the company:
- Full Name
- Usual residential Address
- Date of Birth
- Business Occupation
- Other Company Directorships
The Company Shareholders
The shareholders of a company are essentially the owners. A LTD Company can have between 1 to 149 shareholders and must all be over the age of 18. The following information will be required for each shareholder of the company:
- Full Name
- Residential Address
- Amount of shares to be held
An Irish Company must have a Company Secretary who is responsible for ensuring that statutory obligations are met with, such as ensuring Annual Returns are filed and maintaining the books of the company. A director of a company may stand in as the company secretary as long as there are two or more directors on that company. If it is a single director company a separate secretary must be appointed.
The Registered Office is the official address of the company and must be located within the Republic of Ireland. All official correspondence will be posted to this address.
Company Bureau (companyformations.ie) can assist you to register a company in Ireland in the quickest and easiest way possible. For more information, contact us on +3531 646 1625 or email firstname.lastname@example.org and a formation expert will be in touch as soon as possible.
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