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.
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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
|
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Public Limited Company (PLC)
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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
|
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Limited Partnership
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Two types of partners: active partners and sleeping partners.
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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.
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No
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Registration and licensing procedures
Investors should contact the Companies Registration Office (CRO), in Dublin, concerning every aspect in registrating a new company.
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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.
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Regulations concerning equity investment
A majority holding interest in the capital of an Irish company is legal, except in certain sectors.
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FDI inflows in Ireland
| FDI inflows (millions US$) |
2000 |
2001 |
2002 |
World rank |
| Foreign Direct Investments (F.D.I.) |
28981
|
26888
|
9120
|
15
/ 196 |
| Sources : UNCTAD Database FDI/TNC |
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Last modified in
December 2003
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