Incorporation, etc.

Part 16 – Designated Activity Companies Rules relating to the incorporation of a DAC The main rules regarding the incorporation of a DAC are as follows: 1. Single member DACs are permitted. 2. The maximum number of members of a DAC is 149. 3. DACs must carry on business in the State (Section 966). 4…....

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Introduction (DACs)

Part 16 – Designated Activity Companies There are two types of Designated Activity Companies (“DAC”): a private company limited by shares (“CLS”) and a private company limited by guarantee. (Practitioners should note that a DAC limited by guarantee is different from a company limited by guarantee, which is dealt with in Part 18 of the…...

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