Company Limited by Guarantee

Company Limited by Guarantee without a Share Capital

With the introduction of the Companies Act 2014 a Company Limited by Guarantee (CLG) can be incorporated with as few as a single member and no maximum number of members, but the constitution of the CLG must specify the number of member(s) with which it is to be registered. Every CLG must have a minimum of 2 directors. It is a company which has not been established to earn profits for its members but rather to carry out a specific purpose.

The members liability is limited to the amount they have undertaken to contribute to the assets of the company, being not less than €1 in the event that the company is wound up. Limited by Guarantee companies do not have a share capital, they are not required to raise funds from the members and they still retain the benefits of limited liability and a separate legal entity.

This type of company is favoured by groups of people coming together for a common purpose, it is used for charitable and professional bodies who wish to have the protection of limited liability.
Company Limited By Guarantee or the abbreviation CLG must appear in the title of the company name.

Uses for a Limited by Guarantee Company

  • Charities - Charitable status can be applied for to the Revenue Commissioners on projects which are set up for charitable, scholastic or religious purposes
  • Residents Associations
  • Property management
  • Owner management property companies
  • Educational
  • Sports clubs
  • Trade Associations
  • Professional bodies
  • Associations

Advantages of Companies Limited by Guarantee:

  • They have legal identities separate from its members
  • Individual members are almost totally protected against liability
  • They can buy and sell property in the name of the organisation
  • They can take or defend legal proceedings in its own name
  • Companies are generally democratic organisations - they have a membership

We can advise on all aspects of incorporating your Limited by Guarantee Company in Ireland, registration takes 2-3 days.

We are happy to answer any questions you may have about registering a Company Limited by Guarantee in Ireland, detailed help and assistance is provided every step of the way.

Irish Company Order Irish Company Namecheck
Ireland Key Points
  • Only 2 to 3 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.