Company Registration
Professional Irish Company Formation service for a flat fee of €249+VAT
Our team of company formation specialists are here to help you get your company formed quickly and smoothly, through online, digital processes. We support you with all aspects of setting up a Limited Company in Ireland and you can count on us for professional advice and guidance throughout this journey.
Our whole process is done securely online through our exclusive profile
area. The paperwork is turned around within one working day of receiving all the relevant information. You have access to a team of company formation experts to help you get set up correctly from the beginning.
Forming your company is an exciting time in your startup journey and we are here to make sure it’s stress-free and easy to get set up.
Please note that tax registration is not included as part of the Company Formation package. To discuss tax registration for your business, talk to a member of our Client Services team today.
A company is a legal form of business organisation. It is a separate legal entity and, therefore, is separate and distinct from those who run it. The company (and not the individual shareholders) is the appropriate person to be sued in the event that debts are incurred by the company which remain unpaid, despite demand. Once incorporated, the company will be required to file an annual return.
Limited company
The shares in a company are owned by its shareholders. If the company is a limited liability company, the shareholders’ liability, should the company fail, is limited to the amount, if any, remaining unpaid on the shares held by them. A company is a separate legal entity and, therefore, is separate and distinct from those who run it. Only the company can be sued for its obligations and can sue to enforce its rights.
There are several types of limited companies:
• A Private Company Limited by Shares (LTD company): The member’s liability, if the company is wound up, is limited to the amount, if any, unpaid on the shares they hold. The maximum number of members is 149. An LTD company can have only one director if it chooses. An LTD company does not have stated objects and can undertake any activity. Part 2 of the Companies Act 2014 refers.
• A Designated Activity Company (DAC)–(limited by shares). The member’s liability, if the company is wound up, is limited to the amount, if any, unpaid on the shares they hold. The maximum number of members is 149. A DAC company must have at least 2 directors. The constitution includes a memorandum and articles of association. The memorandum will include stated objects. Part 16 of the Companies Act 2014 refers.
• A Designated Activity Company Limited by Guarantee (DAC)–(limited by guarantee). The members have liability under two headings; firstly, the amount, if any, that is unpaid on the shares they hold, and secondly, the amount they have undertaken to contribute to the assets of the company, in the event that it is wound up. The maximum number of members is 149. A DAC company must have at least 2 directors. The constitution includes a memorandum and articles of association. The memorandum will include stated objects. Part 16 of the Companies Act 2014 refers.
• A Company Limited by Guarantee (CLG) (limited by guarantee not having a share capital): The members’ liability is limited to the amount they have undertaken to contribute to the assets of the company, in the event it is wound up, not exceeding the amount specified in the memorandum. As a guarantee company does not have a share capital, the members are not required to buy any shares in the company. Many charitable and professional bodies find this form of company to be a suitable vehicle as they wish to secure the benefits of separate legal personality and of limited liability but do not require to raise funds from the members. Part 18 of the Companies Act 2014 refers.
• A Public Limited Company(PLC): The liability of members is limited to the amount, if any, unpaid on shares held by them. It should be noted that it is unlawful to issue any form of prospectus except in compliance with the Companies Act 2014. The nominal value of the company’s allotted share capital must not be less than €25,000, at least 25% of which must be fully paid up before the company commences business or exercises any borrowing powers. (s.1010) Part 17 of the Companies Act 2014 refers.
