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Features of company registration in Ireland

An offshore company in the generally accepted sense cannot be registered in the territory of this country: every year companies registered in Ireland must provide documentation that they operate only in the country, and their directors are Irish residents. Otherwise, the company will have to purchase a package of government shares of an impressive value of 20 thousand pounds. Therefore, in order to register your organization here, you need to prove that it will work within the country. Non-resident companies may register in Ireland only their representative office or branch.

The most common and convenient form of business organization for doing business in this country is a private company with limited liability, the so-called “Private company limitedby shares”. At the end of the name of the company organized in this way, the words “Teoranta”, “Ltd” or “Limited” are put. Offshore companies with the following words in the name: “bank”, “society”, “international”, “holdings”, “insurance”, “group” - are not allowed. To add such words to the company name, special permission is required.

Registration of a private limited company in Ireland involves:

· any amount of authorized capital;

· from 1 to 50 shareholders;

· at least 2 directors (Kiev can be the official residence of only one of them, the second must certainly be a resident of Ireland);

· legal address within the borders of the country;

· accounting and annual financial reporting. You can find out more here. - https://europa.eu/european-union/about-eu/countries/member-countries/ireland_en



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