Non-Resident Director Bond As discussed earlier (Link to https://www.irishformations.ie/benefits-forming-company-ireland/ ) Ireland is a favorable place for a company formation. Section 137 (Section 43 of the old Act) of the Companies Act requires every Irish Company to have at least one Irish-resident director. With the Amendment of the Companies Act in 2009 this regulation was softened insofar… Read More »
Category: Legislation
Company Formation with Limited Liability
Company Formation with Limited Liability in Ireland By Wiebke Wolter Before starting your business in Ireland you have to decide what type of entity you require, i.e. whether you would like to trade as a Sole Trader/Partnership, Limited Company or Unlimited Company. A very important aspect influencing this decision is the one regarding the limitation… Read More »
Company Secretary duties
Company Secretary duties By: Wiebke Wolter A Company Secretary’s duties is a required function for every company that is registered under the Companies Act 1963-2013 in Ireland. The Secretary can either be an individual or a body corporate (but not to itself). The immediate disclosure of the Secretaries personal information such as name, address, and… Read More »
SEPA Single Euro Payments Area
SEPA Single Euro Payments Area SEPA Single Euro Payments Area regulations are coming into effect on 01st February 2014. It will apply across 32 European countries, including Ireland, and will make it easier for you to transfer or receive funds. If you are a business or a customer it will affect you even if you… Read More »
Corporation Tax In Ireland
Corporation Tax In Ireland In certain circumstances, new start up companies can qualify for 0 percent corporation tax in Ireland. Section 34 of the Finance Act 2011 provides for the extension of a 3-year tax relief. The scheme which provides relief from corporation tax on the trading income and certain gains of new start-up companies in… Read More »
Changing a Director in a Company
Changing a Director in a Company. From time to time it may be necessary to retire or appoint a new company director. Changing a director in a company can be done relatively quickly. Currently all companies are required to have two Directors in a company, but legislation has been published which will change this. Once… Read More »
The Registered Office Of A Company
Every company is required to have a registered office address in Ireland, and this cannot be a P.O. Box number. The registered office of a company must be a physical location, as people have the right to visit your physical location to deliver documents by hand. The address must also be a location that a… Read More »
Guarantee Company Without A Share Capital
Guarantee Company Without A Share Capital The types of organizations who form a Guarantee Company Without Share Capital are Charitable Organizations, Property Management companies, Educational Establishments and Professional Bodies, as they want to secure the benefits of separate legal personality and of limited liability but do not require to raise funds from the members. The… Read More »
Publishing your Company Name – What information goes on Letterhead
It is important to know what information goes on letterheads, Emails, Order forms and promissory notes from a company. Every company incorporated under the Companies Act 1963 – 2012 is required to publish its name on the outside of every office and place which its business is carried out, and it must be legible in… Read More »
The New Companies Bill is Published in Ireland.
The New Companies Bill which was published by the Minister for Jobs, Enterprise and Innovation Richard Bruton TD has been described as the largest substantive piece of legislation in the history of the State. The Bill which was published on 12th December consolidates the existing 16 Companies Acts which date from 1963 to 2012. There are… Read More »