1. Types of Business Entities, Their Residence and Basic Tax
Treatment
1.1 Corporate Structures and Tax Treatment
The Companies Act 2014 provides for the following forms of
incorporated entity:
- private company limited by shares (LTD);
- designated activity company (DAC);
- public limited company (PLC);
- company limited by guarantee (CLG);
- unlimited company; and
- investment company.
Most often, businesses gravitate towards the LTD model due to
its familiarity and simplicity. However, DACs and Irish Collective
Asset Management Vehicles (ICAVs) are utilised by companies
involved in the issuance of listed debt securities and investment
funds respectively.
Entities with separate legal form are taxed separately.
