| | | | Any person may form an incorporated company by subscribing his/her name to a Memorandum of Association and complying with the requirements of the Companies Acts.
A company incorporated in the State must have at least one director resident in the State or alternatively the company must provide a bond to the value of €25,395.
The bond can be avoided if the company holds a certificate from the Registrar of Companies stating that the company has a real and continuous link with one or more economic activities that are being carried on in the State. The Registrar will only grant such a certificate on receipt of proof of such a link. A statement from the Revenue Commissioners that the Revenue Commissioners have reasonable grounds to believe that the company has such a link shall be deemed to be such proof. Alternatively we can provide Irish resident professional directors to act for the company.
The following are the various types of company that can be formed.
Private Company Limited by Shares
The liability is limited to the amount, if any, unpaid on the shares held by its members.
Private Company Limited by Guarantee having a Share Capital
The liability is limited to the amount the members have undertaken to contribute to the assets of the company in the event of its being wound up, in addition to the amount, if any, unpaid on the shares held by the members.
Unlimited Company - Public/Private
The liability of the members is unlimited.
Public Limited Company
A public limited company is limited by shares. It must have at least seven members and a minimum nominal capital of €38,092.
Public Company Limited by Guarantee and not having a Share Capital.
The liability is limited to the amount its members have undertaken to contribute to the assets of the company, in the event of its being wound up. | | |
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