DUNAMIS MIND is a trustworthy and professional law firm that will assist you in the formation and establishment of an Irish company. The security you receive by contacting us can be seen on our page “DMK Law Firm“.
In Ireland, largely the same company forms are available as in the UK
A Limited Company is a separate legal entity, i.e. it has its own legal capacity and is separate from the individual person associated with the business. There are a number of different legal forms with limited or unlimited liability that can be chosen as a framework for business activities.
A Private Company Limited by Shares is the most frequently chosen legal form and can be compared to a GmbH, limited liability company. The following legal forms are generally available:
- Company Limited by Shares (LTD)
- Designated Activity Company (DAC)
- Company Limited by Guarantee (CLG)
- Public Limited Company (PLC)
- Unlimited Company
- Limited Liability Partnership (LLP)
- Societas Europaea Company (SE)
As part of the new Companies Act 2014, which came into force on 1 June 2015, there is a new legal form, the Designated Activity Company (DAC). This legal form stipulates that, in contrast to a LTD, a specific, precisely defined object of business is specified in the articles of association. Nevertheless, the Ultra-Vires doctrine also applies to these companies, with the consequence that, in order to protect creditors, any action outside the defined business purpose is attributed to the company. An LTD is leaner and more flexible in terms of company law, so that a DAC is more likely to be considered for licensed banks, companies with listed bonds that cannot be registered as LTD or as a legal form of joint venture companies.
Non-residents may register a branch of their existing company in Ireland.
Irish residents may also register their business activities as a retailer or partnership as an alternative to an LTD.