- Establishing a Business in Ireland
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Companies can be incorporated in Ireland as either public or private and can be limited by shares or by guarantee or alternatively can be unlimited
A private company limited by shares is the most common structure utilised by foreign businesses investing in Ireland. The essential features of a private limited company are that the liability of members is limited to the amount of share capital subscribed to and that certain obligations imposed on public limited companies do not apply to private limited companies
To qualify as a private limited company the company must:
A private limited company is required to show the word "Limited" (which may be abbreviated to "Ltd") in its name. A 1% capital duty is payable on the issue of shares in limited companies. Stamp duty is payable at a rate of 1% on the transfer of shares in all companies. The share capital of private limited companies may be denominated in any currency and the currency adopted is generally dictated by the company’s commercial requirements. Every company must have at least two directors, one of which must be resident in the Republic of Ireland
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