How to open a company in Ireland

A presentation brought to you by BridgeWest.eu

Company types in Ireland

• Private company limited by shares

• Company limited by guarantee with no share capital

• Company limited by guarantee with share capital

• Public company limited by shares

• General partnership

• Limited Partnership

• Single Member Company

Private company limited by shares

• The company do not require a minimum share capital to be established

• This type of company can be established by at least two and maximum 50 partners

• The partners liability is limited to the extent of the capital invested in company

• The shares of the company cannot be offered public.

Company limited by guarantee with no share capital

• This type of company is a public one

• The company can be established by at least seven and maximum 50 members

• The partner's liability is limited to each one's contribution to the company's assets.

• The raising funds from the partners is not mandatory.

Company limited by guarantee with share capital

• The maximum partners of this type of company can be 99

• This type of company is a private one

• The members of this company are liable to company's debts and obligations

Public company limited by shares

• This company can be established by at least seven partners

• The minimum share capital is about 38.000 EUR 25% of it must be paid in order to establish this type of company

• The partners are liable to the company's debts and obligations to the extent of their contribution to the company

• The shares can be offered to the public

General partnership • The company can be established by at least

two partners

• The company do not need a share capital to be established

• The partners in this company are general

Limited Partnership • The company can be registered by at least

two members

• The company do not require a minimum share capital to be registered

• At least one member is general and one is limited

Single Member Company

• The company can be established by at least one member

• The company still must have at least two directors and a secretary

• The sole holder is fully liable to company's debts and obligations

Steps for company formation in Ireland

• Providing a unique name for the company

• Providing a set of identification documents

• Drafting the registration documents

• Opening a bank account

• Submitting the company registration documents with the Companies Registration Office in Ireland

• Register for corporation tax, social insurance and VAT with the Revenue Commissioners

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and directors

• setting-up a bank account for the injection of the share capital

• submitting the company registration file with the Companies Registration Office in Ireland

Requirements for Company Formation in Ireland

• Any person of any nationality or residence can be a shareholder in a Irish company

• The shareholders of a company can be comprised of at least one member

• The company must hold a local registered office

Services Provided for Company Registration in Ireland

• drafting the Articles of Association

• offering a Registered Office in Ireland

• setting up a share capital bank account

• recommending an Irish accountant

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.bridgewest.eu/company-formation-ireland

Ph./Fax: (+44)203-287 0408