The capital can be expressed in any currency. Shares must be registered and bearer shares are not permitted. There must be at least 2 directors, of whom one may also be company secretary. Directors need not be Irish citizens or residents. A new company can be incorporated in 10 working days.
Shelf companies are also available.
The company must have a registered office in Ireland. The accounting records need not be kept in Ireland, but a six-monthly trial balance should be filed on hand in Ireland. Every Irish company must have an auditor. The tax is due whether the dividend is paid to an individual or a corporate shareholder. This rate applies to income arising during the period 1 January 1981 and 31 December 2010, from the wholesale sale of goods manufactured in Ireland.