Business Administration in Ireland

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Setting Up a Company

Legal Business Entities

Types of Companies and Capital (Max/Min) Number of Partners/Shareholders and Liability Registration Fees
Private Company Limited by Shares (PrC)
No minimum amount of share capital.
Minimum of 2 shareholders and maximum of 50 (excluding employees); no nationality or residency requirements. Single-member companies may also be incorporated.
Right to transfer shares is limited, no shares or debentures may be offered to the public. There are four types of Public company:
- Private Limited by Share Capital
- Single Member Private Limited by Capital
- Limited by Guarantee with Share Capital
- Unlimited Company
Company's official registration costs: EUR 60; Legal fees: EUR 250. No taxes or bond issuance. Annual fee of EUR 30 to present accounts.
Public Company Limited by Shares (PLC)
Minimum allotted share capital, EUR 38,092; 25% of shares allotted, together with all premiums, must be paid up.
Minimum of 7 shareholders; no nationality or residency requirements.
Right to transfer shares is limited. There are three types of Public company:
- Public Limited Company
- Public Unlimited Company
- Guarantee Company without Share Capital
Company's official registration costs: EUR 60; Legal fees: EUR 250. No taxes or bond issuance. Annual fee of EUR 30 to present accounts.
Business Setup Procedures
The main steps required to set up a company are to complete the requisite forms, verify that the proposed name is not already in use and file a memorandum of association. The requirements of the memorandum of association are set out in the Companies Act 1963. If no articles of association are registered, the provisions of the Companies Act 1963 apply by default.
Articles of association may be company-specific or based on standard sets available from accountancy firms. The memorandum states the name of the company, the limitations on members’ liability, the amount of authorized share capital, and the firm’s objectives or powers. All limited companies must file accounts with the Registrar of Companies for public inspection.
The Competent Organization
The Irish Companies Registration Office.
Search a Company or a Financial Report
CRO, Company Registration Office

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Working Conditions

Legal Weekly Duration
39 hours. More information on the website of the public service.
Retirement Age
65 years
Working Contracts
A contract of employment can be verbal or written, or a combination of both.  Most contracts of employment are unlimited i.e. they do not specify an end-date. Fixed-term contracts of employment are generally treated the same way as unlimited contracts, except that they are subject to special rules about termination.
There are no special contracts of employment. Most contracts of employment specify a probation period of twelve months. More details on the website of the International Labor Organization.

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Cost of Labor

Minimum Wage
The National Minimum Wage Act 2000 provides that the minimum wage rate for an experienced adult employee from 1 July 2007 is €8.65 an hour. Click here.
Average Wage
Informations are available on the website of the Central statistics Office of Ireland.
Social contributions
Social Security Contributions Paid By Employers: 12 %
Social Security Contributions Paid By Employees: 4,5%

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Social Partners

Social Dialogue and Involvement of Social Partners
The Irish Congress of Trade Unions is the single umbrella organization for trade unions in Ireland representing a wide range of interests of almost 750,000 working people, both in the Republic and in Northern Ireland.
In 2006 there were 64 unions affiliated to Congress, 48 unions with 543,882 members in the Republic of Ireland and 36 unions with 215,478 members in Northern Ireland.
Irish Congress of Trade Unions
Unionization Rate
Currently, roughly 33% of workers in the private sector are unionized, compared to 95% in the public sector. Among foreign-owned firms, roughly 80% of workers do not belong to unions, although pay and benefits are usually more attractive compared with domestic firms.
Labor Regulation Bodies
International Labour Market

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