Private companies limited by shares are the most common entity.
Such a company must have a share capital and its articles of association must restrict the right to transfer shares, limit members to 50 and prohibit invitations for public share or debenture subscriptions. Detailed requirements and formalities apply in relation to the constitutional documents for such companies. The normal time period for incorporation of an Irish company is 4-6 weeks although a quick 'fe phrainn' procedure can be utilised to incorporate a private limited company with generally standard constitutional documents in about 10 days. Board of directors - it is important to note that under Irish law the tax residence of a company is deemed to be the country from which it is managed and controlled. The location of management and control is generally deemed to be where meetings of the board of directors are held.