New Companies Act 2014

The New Companies Act 2014 is replacing the Companies Acts 1963-2013 and will commence on 1st June 2015.

The New Act will modernise and simplify company law and reduce burden on business. It will bring changes in legislation which will affect every company: all existing Private companies Limited by Shares are required to change to a new Company Type, the LTD or DAC model.

Convert your Private Company for €124.99

THE SIMPLIFIED PRIVATE LIMITED COMPANY (LTD)

  • is allowed to have ONE director but must have a separate secretary
  • has a simple one-document constitution to replace the Memorandum and Articles of association (M&A)
  • does not have any stated objects (can engage in any allowed activity)
  • can pass majority written resolutions
  • does not need to hold an AGM in certain circumstances
  • name of the company must end with the suffix “Limited” or “Teoranta”

THE DESIGNATED ACTIVITY COMPANY (DAC)

  • must have TWO directors
  • has a two-document constitution (a M&A which has stated objects)
  • can pass majority written resolutions (where constitution allows)
  • is required to hold an AGM where there are two or more members
  • the name of the company must end with the suffix “Designated Activity Company” or “Cuideachta Ghníomhaíochta Ainmnithe” unless it is exempted

We can prepare and file the changeover documents for your company for €124.99 VAT included (original price €199.99).

Convert your Private Company for €124.99