Information Required To Form A Company In Ireland
To start the process of forming your company, the following information will be required to be filled in on our from:
The name you propose for your Irish company must be clearly distinguishable from all other companies on the Irish register. Names containing certain words cannot be used unless approved by relevant bodies, i.e. bank, insurance, and group require special permission. Names thought to imply State Sponsorship or to be offensive will also be refused. Words such as services, solutions, Ireland, Internationaland holdings which are non-descriptive and that don’t carry any weight in terms of distinguishing the name from other companies are also discounted.
We will check your proposed company name with the Companies Registration Office (CRO) for availability. However, the proposed name cannot be guaranteed until the incorporation documentation has been submitted to the CRO and the Certificate of Incorporation is issued.
There are a number of company types that are available to be incorporates in Ireland, the most common being a Private Company Limited by Shares (LTD Company). You will have the option on our form to pick the company type you wish to have your company formed under.
For more information check out our page on company types in Ireland.
The Registered Office is the official address of your company. It is the address to which CRO correspondence and all formal legal notices addressed to the company will be sent. The Registered Office must be a physical location anywhere in the State but cannot be just a post office box number. The trading address of the Company may be different from its Registered Office address.
Every company registered under the provisions of the Companies Act 2014, is required to have a company secretary. The company secretary is considered to be an officer of the company. The company secretary can be one of the Directors, a separate individual or a Corporate Entity. In the situation where a company has a single director, a separate company secretary must be appointed. A company secretary must be over the age of 18 years.
The following information is required to be recorded in the register in relation to the secretary:
Common duties of the Secretary are:
All company types must have one secretary and a minimum of two directors, one of whom is required to be resident in a member state of the European Economic Area (EEA), with the exception in the case of the LTD company – Private Company Limited by Shares registered under Part 2 of the Companies Act 2014, with that they may have only one director if they so choose. If a company has no EEA-resident director, they may enter into a
Section 137 Non-Resident Director’s Bond. The secretary may be one of the directors of the company. In a single director company (LTD), the director cannot also be the secretary.
Directors have a number of legal duties and obligations imposed by the Companies Acts, other enactments and at common law. All company directors must be over the age of 18 years.
We require the following information on the proposed director(s) to proceed with the formation of an Irish company:
A company with a Share Capital has an Authorised Share Capital which is stated in the Memorandum and Articles of Association of the Company. A Private Company Limited By Shares (LTD Company) incorporated under Part 2 of the Companies Act 2014 can, if it chooses, not to have an Authorised Share Capital figure. The amount of shares a company can call upon if required is known as the Authorised Share Capital of the company. Our recommendation would be to have an Authorised Share Capital of €100,000 divided into 100,000 shares with a value of €1 each.
The Issued Share Capital is the number of shares that have actually been allotted and paid for by the shareholders. Our recommendation would be to issue 100 shares with a nominal value of €1 each, which would be divided between the shareholders to reflect the ownership of the company, e.g. 50/50. A single member company is where one person or company holds all the shares issued.
A shareholder is any person, partnership or corporate body who holds a share or shares in a company. All Irish companies must have at least one shareholder at the date of incorporation. The shareholders of the company must be a minimum of 18 years of age on incorporation. The details that we require in relation to shareholders are:
The Companies Act 2014 introduced a Constitution for Private Limited Companies (LTD) which replaced the Memorandum and Articles of Association. The Constitution sets out the conditions upon which the company is granted its incorporation. It sets out the rules under which the company proposes to regulate its affairs. The Constitution will not state any objects if the company is a LTD – Private Company Limited by Shares, however you will need to provide us with the principal activities of the company so that we can apply the correct
NACECode for company upon incorporation.
Company Formations at Tripro
At TriPro, we take the hard work out of Irish company formations. Through our online company formation service you can quickly and easily set up a company. Alternatively you can simply contact the team at TriPro and allow our company experts to help you with the process. No client is too big or too small, we cater for all businesses in all industry sectors, from sme to large scale companies.
Other Services offered by Tripro
TriPro specialises in the outsourced service areas of Company Formations, Company Secretarial Services, HR Support and Payroll Services for Irish businesses. Our outsourced teams work closely with you from our registered office facility to deliver all aspects of human resources, company formations, outsourced payroll services and all compliance services so you have more time to manage your core business.
TriPro was formed with the principal aim of providing outsourced business solutions to irish business employers and professional advisors. Contact Tripro today for more info on how we can help you.