Company Limited by Shares (LTD)
A Company Limited by guarantee requires a minimum of one director and one secretary (who can be another company) however, where the Limited company only has one director the individual who acts as secretary cannot be the individual who acts as the sole director.
An Irish incorporated Company Limited by Shares must have a registered office within the Republic of Ireland however the registered office does not have to be the location where the business activities are carried out.
Every year Irish incorporated companies need to file financial statements with the Companies Registration Office (“CRO”). Companies Limited by Shares (subject to turnover and balance sheet values being below a specified threshold) can avail of the small companies’ exemption and need only file abridged financial statements. It is important to be aware that an Annual Return (as can be seen on our Co-Sec Services page) must also be filed with the CRO on an annual basis.
Designated Activity Company (DAC) Limited by Shares
A DAC company structure is required for business activities of a specific nature such as financial institutions.
Many of the characteristics of a DAC are the same as a Company Limited by Shares with
the main differences being:
- The DAC must have a minimum of two directors;
- The authorised share capital of the company must be specified;
- The company name must end in DAC compared to Ltd;
Order a company
The first step in forming your new company is to check whether or not your chosen name will be
acceptable as names too similar to existing company names may be rejected by the Companies
Registration Office. For your FREE name check, please complete the below form.