Connected Persons

A connected person is defined in section 26 of the Companies Act 1990. In general, a person is connected with a director of a company if he/she is a near relative, being related by blood or marriage, is in business partnership with the company director or if he/she acts as trustee for a trust the principal beneficiaries of which are the director, near relatives including spouse of the director or any body corporate which the director controls.

A body corporate is also deemed to be connected with a director if it is controlled by that director. Furthermore, it is presumed that the sole member of a single member company is connected with a director of that company.

Timescale Cost
3 to 5 days € 320

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Ireland Key points

  • Only 3 to 5 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
  • Low Corporation Tax of 12.5%.
  • We are members of the Irish Companies Registration Office electronic filing scheme.
  • We provide you with full expert assistance throughout every step of the company formation process.
Formacompany.ie Ltd
Blair House
Upper O’Connell Street
Ennis
Co Clare
Ireland