Ireland

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DOING BUSINESS

 


Local business incentives - Legal forms of companies - Registration and licensing procedures - Legal framework - Foreign exchange control - Regulations concerning equity investment - FDI inflows - Expertise of the political risk

Local business incentives

The Industrial Development Authority (IDA), a governmental body, can grant subsidies to the companies' projects that contribute to increase the production of goods intended for the international market, to develop the domestic and local market. Furthermore, these projects must generate a substantial turnover and allow, in the long run, an unemployment rate reduction in the most affected regions. The involved sectors are businesses creation, small-sized industries with less than 50 employees, and manufacturing industries. To obtain further details on the different sectors, IDA should be contacted. Subsidies are mainly granted within the framework of setting-up (land purchase, factory construction), training and Research and Development, etc.

 

Legal forms of companies

Form Number of partners/shareholders Minimum and/or maximum capital Liability Registration fee Release of financial documents
Private Limited Company (Ltd) Minimum 2 shareholders
Maximum 50 shareholders
NB: 1 partner for single-member companies.
No minimum capital. Liability is limited to the amount contributed. About 1,270 €, but vary depending on the registered capital. No
Public Limited Company (PLC) Minimum 1 shareholder 38,092 € - 25 % released at constitution. Liability is limited to the amount contributed. About 1,270 €, but vary depending on the registered capital. Yes
Unlimited Company No legal entity. No minimum capital. Partners' liability is several and indefinite. About 1,270 €, but vary depending on the registered capital. No
Limited Partnership Two types of partners: active partners and sleeping partners. No minimum capital. Liability is unlimited for at least one partner (general Partner). Liability is limited for certain sleeping partners (Partners) who do not take part in the company management. About 1,270 €, but vary depending on the registered capital. No

Registration and licensing procedures
Investors should contact the Companies Registration Office (CRO), in Dublin, concerning every aspect in registrating a new company.

Foreign exchange control
Since January 1st 1993, there are no currency exchange control restrictions on transactions in Ireland. Irish regulations do not limit profits repatriations.

Regulations concerning equity investment
A majority holding interest in the capital of an Irish company is legal, except in certain sectors.  


Foreign Direct Investment inflows in Ireland

FDI inflows 2003 2004 2005 World rank (*)
2005
FDI inflows (USD million) 22 781 11 159 22 773 89/141
Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

 

Last modified in 2006 - ongoing update
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