Ireland - member of the EC. Population - 5 000 000, official language - English.

Ireland

Advantages Ireland has a high authority on international scale Disadvantages Mandatory keeping of accounting records, presenting of annual accounts Corporative legislation Company Act 1961-1990., adjunction 1999 Form of tax-exempted company Company - resident (hereinafter - company) Authorized business activities All and any activities not prohibited by the law, except banking, insurance, re-insurance, financial services Taxation Profit from companies business activities is charged by 20% income tax, if profit is not more than 200 000 IEP - 12.5%, other incomes - 25%, capital increment tax Name of company Name of the company must not be identical or confusingly similar to the existing ones Name must end on words: Limited or Ltd. Words Insurance, Bank, Chamber of Commerce, Co-operative, Credit Union, Group, Holding, Building Society, Royal and a number of other words can be used only if approved by financial commission Who executes the foundation documents? Signatories, subscribe for two 2 shares minimum 2 GBP, whose functions are limited to nomination of the first director Statute capital of the company No requirements Recommended statute capital 2000 GBP, divided into 2000 shares with par value 1 GBP Shares Emission of registered shares with par value only Shareholders - Minimum number - Nominal shareholders - Holders of trust equities One legal or natural entity, non-resident of Ireland Permitted Permitted Does the law provide for non-disclosure of the information? - About actual owner of the company - About bank transactions The real owner cannot be determined, if nominee shareholder holds shares No Directors - minimum number - nationality and citizenship - status Two natural entities One of directors must be a resident of Ireland All the powers apart from those falling into the exclusive competence of members (determined by articles of association) On the territory of Ireland there has to be: - registered office - registered agent - local secretary Required Not required Required, legal or natural entity, can consolidate the function of secretary and director Holding of the meeting of -shareholders -directors Meetings can be hold and documents kept anywhere Annual meeting of participants are required Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion Yes Yes, including the following information: Names and addresses of directors, secretaries, shareholders, as well as the amount of shares owned by each of them, statute capital, account status Yes Information at disposal to third party Names and addresses of directors and shareholders, registration address, statute and memorandum Documents held at registration office Register of shareholders, directors and secretaries Agreements on exemption from double taxation Australia, Greece, Austria, Belgium, Canada, Cyprus, Denmark, Finland, France, Germany, India, Japan, Korea, Latvia, Luxembourg, Netherlands, New Zealand, Norway, Russia, Sweden, Switzerland, Great Britain, USA, Zambia, Nigeria, Spain, Portugal, Pakistan Currency control No Term of incorporation 4 weeks Possibility to purchase a "ready-made" company No