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What Type of Companies Can Be Formed in Ireland

If you're considering company formation in Ireland, it's important to understand the various company structures available to suit different business needs.

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What Type of Companies Can Be Formed in Ireland

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  1. What Type of Companies Can Be Formed in Ireland? If you're considering company formation in Ireland, it's important to understand the various company structures available to suit different business needs. Whether you're starting a small enterprise or establishing a not-for-profit organization, Ireland offers several options. Below is a detailed guide to the main types of companies, including how to register an Irish limited company. 1. Private Company Limited by Shares (LTD) – Irish Limited Company This is the most common form of Irish limited company, ideal for most small to medium-sized businesses. Key Features:

  2. ● Limited liability for shareholders ● Only one Director and one Company Secretary required (can be the same person) ● One or more shareholders (single-member companies are allowed) ● Cannot offer shares to the public Formation Time: 1–5 working days Cost: €195 + VAT (complete company formation package) 2. Company Limited by Guarantee (CLG) – Without Share Capital Perfect for not-for-profit organisations, charities, community groups, and residents' associations. Key Features: ● Members’ liability is limited to a nominal guarantee ● Minimum of 2 Directors and 1 member (3 of each for charity status) ● No share capital issued Formation Time: 1–5 working days Cost: €399 + VAT 3. Company Limited by Guarantee (CLG) – With Share Capital A variation of the above structure but includes share capital. Key Features: ● Members liable for unpaid shares and nominal guarantee ● Used for unique business structures requiring both features Formation Time: 1–5 working days Cost: €399 + VAT

  3. 4. Public Limited Company (PLC) Suitable for larger enterprises planning to raise capital from the public. Key Features: ● Must have at least 7 members ● Minimum allotted share capital of €38,092.14 (25% must be paid up before business commences) ● Can list shares on a stock exchange Formation Time: 1–5 working days 5. Single Member Company (SMC) A private company limited by shares with only one shareholder. Key Features: ● Single shareholder allowed ● Minimum two Directors and a Company Secretary required ● Option to dispense with General Meetings Formation Time: 1–5 working days Cost: €195 + VAT 6. Unlimited Company (ULC) Used in niche scenarios where full liability is accepted. Key Features: ● No limit on members' financial liability ● Suitable for confidential reporting and internal financial arrangements

  4. Why Choose Company Setup? Company Setup has helped form over 30,000 companies in Ireland. Whether you’re forming a standard Irish limited company or exploring unique company structures, our expert team ensures seamless and compliant company formation in Ireland. Contact us today at 01-2848911 to get started.

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