company registration

The Designated Activity Company (DAC) is one of the most contemporary company types in Ireland. DACs are limited companies in nature and are particularly appropriate for entities who want to set up a unique business model, built upon their specific preferences, unlike in Private Companies Limited by Shares (LTD) whereby the shareholders have unlimited powers. Such entities usually have a detailed description of a clear source of revenue for the business stipulated in their constitution, instead of giving unlimited trading authority, as is the case with most limited companies. As a result, the creed of ‘Ultra Vires’ continues to hold as true in these business entities. DACs keep their Memorandum and Articles of Association as constituent elements of the complete constitution.

According to the Companies Registration Office (CRO), the office address should be an actual physical location. Thus it is obligatory for Irish companies to have a registered physical office address in Ireland. SIGTAX offers a professional Irish Registered Office Service to both local and foreign companies who do not want to go through the rigorous process of setting up a physical office location in Ireland.

Due to the ever increasing level of corporate governance, it is very crucial to ensure that your company’s legal obligations are met fully. With experience, knowledge, and understanding, SIGTAX helps both local and foreign business owners to set up their businesses in Ireland with ease. We provide a broad range of company secretarial services to help entrepreneurs establish their businesses, making sure that they are equipped with the right knowledge and documentation at every stage of the process.

Limited companies exist as lawfully separate entities in Ireland. This means that the partners are not entirely responsible for the company’s liabilities. Their degree of liability is determined by the amount of capital that they put in the business. Prospective entrepreneurs looking forward to register their limited liability or unlimited company have a variety of company types to choose from. 

The Company Limited by guarantee partnership is the ideal business model for individuals or organizations who want to secure the conveniences of a separate legal personality and of limited liability without the need to raise funds from the partners. This legal structure is mostly implemented by charity organizations, trade unions, society-based bodies and clubs dealing with sporting activities.  Non-governmental organizations (NGO) and not-for-profit firms also opt for CLG partnership.

Company formation in Ireland can be both an enjoyable and mentally taxing process. We’ll first discuss 8 critical and essential sections you should carefully put into consideration before starting the business formation process.