Limited Company Requirements

Raising Finance

A limited company has an advantage of raising finance by selling issued shares to investors.  The value of a share depends on the viability of each individual company, and not the nominal value of a share.  It may also raise finance by means of overdrafts, debentures and loans.

Continuity of Business

The death or resignation of any officers of the Company does not affect the structure of the Company, which may continue to trade as before.  Any shares held by them may be passed on to the others.

Protection of Business Name

Registration legally protects the Company name against anyone else incorporating a similarly named limited company either in sound or spelling.

Name of the Company

The Registrar of Companies will not under the Companies Acts, register a name where it is the same as that of an existing company.  However, a company may be incorporated with any name that is not considered undesirable by the Registrar, but may not without consent, include words such as Royal; Bank; Board; International; Group; National etc.  Other words may not be allowed if they imply connections with government bodies or other established institutions such as Chamber of Commerce, Insurance Brokers, Architects etc.  We will carry out a free company Name Check for you

Directors and Secretary

A limited company must have at least one Director.  The officers of the company must act in good faith, responsibly and in the interests of the shareholders.  There need only be one director.  However, a sole director cannot also be the company secretary. We can act as a Company Secretary for you.  There is no restriction on the number of directorships and secretarial positions an individual may hold, nor are there any restrictions on the nationality or residency of the directors or secretaries.

Registered Office

All companies by law must have a registered office in the country of its incorporation.  It is a place where the company's statutory records are maintained, and is the place where any legal notices are served on the company - we can act as your Registered Office.

Memorandum and Articles of Association

These are the rules and regulations which form the legal basis for the conduct of the company amongst its shareholders and directors, and with third parties.  Our Memorandum of Association has a wide ranging object clause, allowing you to trade in any business you desire.  The Memorandum of Association must state the name of the company, and in which country its registered office is situated.  They also include the amount of authorised share capital, the number of shares that are to be registered, and the classes of the shares.  The Articles of Association govern the internal affairs of the company.

Company Stationery

The company must show on all business letters, invoices, written orders, receipts and demands for payment the name of the Company, registration number, company's country of incorporation, and the registered office address.  This information should also be displayed at the registered office and in premises where business is carried on.