It is possible for an individual shareholder or director to restore a company with the Registrar of Companies in Ireland after its dissolution. This can be done for different reasons, usually, people seek company restoration in order to garner a certain quantity of assets remaining in the entity.
The Process of Restoring a Company
Although appearing simplistic, the issue or transfer of shares can be a daunting and complex task to complete successfully. It is imperative that concerned parties get expert assistance from qualified, registered and seasoned agents, eg. solicitors and tax advisors.
Every business is mandated to register a business name, whether they are a sole trader, a partnership or any other company type.
Just like any other country, the Irish government requires businesses to be registered and obtain licenses before they can start their operations. Apart from the obvious company registration license, certain business activities such as pharmaceuticals, telecommunications and IT would require separate and additional licensing.
Ireland is currently home to nine out of ten of the world’s largest pharmaceutical companies. A lot of multinational companies are finding convenience in Ireland and over the years the pharmaceutical sector has grown to be one of the major backbones of the Irish economy.
As you might have probably guessed, fintech simply refers to financial technology. Ireland happens to be one of the major hubs for entities operating in the field of financial services and technology (fintech). It is one of the most targeted European countries by many multinational companies operating in this field. Two major reasons behind this are its skilled workforce and a favorable tax regime.
