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Benefits to register a business in Republic of Ireland

New company registration in the Republic of Ireland with nominee services

Company Formation With Nominee Service

New company registration in the Republic of Ireland with nominee services: if you wish to register a limited company in the South of Ireland and not use your or other people's names as officers, Coddan Formations Agency has nominee director service, nominee secretary and nominee shareholder that can facilitate you. In the Republic of Ireland, there are various types of company that can be established.

One is a private limited company, of which there are four kinds: a private company that is limited by shares; another one is a company limited by guarantee and not issuing share capital; next one is a company limited by guarantee that does have share capital; and the last one is a public limited company (PLC).

To register these type of companies in South of Ireland, personnel must be proposed as directors and corporate secretaries, and it's also the case with structures such as single member companies, which is required to have two directors at least and one company secretary. At Coddan Formations Agency, we can work with the Companies Registration Office in Dublin to ensure your new enterprise is properly set up, and with our nominee officers. Our fees for the provision of nominee directors are highly competitive, and the turnaround time is quick, meaning you get your company professionally start-up in no time and at the lowest of fees.

Companies require nominee services for different reasons. It may be that a firm in the UK is expanding into the Republic of Ireland, and they don't want their officers' names officially listed on the public records, as this might give away valuable information to their competitors. Using nominee directors services to register an Irish company also provides a level of anonymity and protection for those who would rather not have their name publicly known.

The nominees provided by Coddan Formations Agency will have no direct involvement in the running of your business, as they are there in name only, for official business registration. For those who use this service, we will remind them when annual renewal time is approaching, and if they wish to continue using our nominees director, nominee secretary and/or a nominee shareholder in their private company.

If you would like to know more about the benefits of registering a company with nominee directors in the Republic of Ireland with Coddan, talk to our expert business start-up consultants today and they will tell you everything you need to know.

Important information for people who do not wish to appoint a nominee director from us: the requirement to have at least one director resident of the Republic of Ireland, or EU country, does not apply to any company which for the time being holds an insurance bond, in the prescribed form, in force to the value of €25,394.76, and which provides that in the event of a failure by the company to pay the whole or part of: -

A fine imposed on the company in respect of an offence under the Companies Acts, 1963-1999, committed by it, being an offence which is prosecutable by the Registrar of Companies, a fine imposed on the company in respect of an offence under section 1078 of the Taxes Consolidation Act, 1997 and a penalty which it has been held liable to pay under section 1071 or 1073 of the Taxes Consolidation Act, 1997.

There shall become payable under the bond a sum of money (£1,900) for the purpose of same being applied in discharge of the whole or part of the company's liability in respect of any such fine or penalty. The bond must have a minimum period of validity of two years, commencing no earlier than the occurrence of the event-giving rise to the requirement for the bond.

The surety under the bond must be a member of a class specified in Schedule 2 to the Companies (Amendment) (No.2) Act, 1999 Bonding Order 2000 - that is, a bank, building society, insurance company or credit institution. The surety must make a certified copy of the bond available to the CRO.