As mentioned above, depending on the type of company investors want to create, there will be certain requirements. A limited liability company (LLC) or LTD is the most popular corporate form for registering a company in Ireland for a non-resident and the most optimal option for small businesses.
Features of LTD are the absence of a minimum threshold for authorized capital. Also, to register a company in Ireland in the form of an LLC, at least one founder is required.
A common choice for large enterprises is a joint stock company (JSC) or PLC. Registration of a joint stock company in Ireland obliges the founders to contribute an initial capital of approximately 25,000 euros. A PLC can be registered by at least one founder. All types of companies must have one secretary and at least one director, who must be a resident of a European Economic Area (EEA) member state. Please note that a JSC must have a minimum of two directors appointed, but one of them must be an EEA resident. There is no maximum number of founders when registering a PLC in Ireland and all of them can reside abroad. PLCs are required to hold annual general meetings (AMGs).
A partnership in Ireland can be registered as either a general partnership or a limited liability partnership. A general partnership will consist of two or more partners with equal rights and responsibilities. An LP in Ireland will consist of a minimum of one general partner, who will have management rights but will also be fully responsible for the debts and obligations of the partnership, and a minimum of one limited partner, who will only be entitled to a share of the profits and will be liable for within the limits of his contribution to capital.
If you are planning to open a company in Ireland, then our firm’s specialists can provide more detailed information about the requirements of the Irish company registration process for a specific business structure.