Conversion to DAC company from Private Limited Company is available after 01 June 2015.

A Designated Activity Company:

• It must have a least two directors.
• It can have between 1 and 149 members.
• It does need to hold an AGM where it has 2 or more members.
• It has a constitution document which includes a memorandum and articles of association.
• It has a memorandum in its constitution which states the objects for which the company is incorporated.
• It can claim eligibility for audit exemption and dormant company audit exemption.
• It has limited liability and has a share capital or is a private company limited by guarantee with a share capital.
• It can pass majority written resolutions unless constitution states otherwise.
• Name must end in “Designated Activity Company” or “Cuideachta Ghníomhaíochta Ainmnithe” unless qualified for an exemption.