Ireland DAC vs CLG
Legal Entity Comparison
Time of Update: 2026-03-31
Scope of operation, but the company's business scope can also be changed by resolution of the shareholders' meeting.
DAC is the abbreviation of Designated Activity Company, which is a legal entity belonging to Ireland. Its ownership is consolidated, meaning that all shareholders jointly own the company. The company is limited liability, which means that the shareholders' liability is limited to the amount of their investment, and they will not bear the risk of personal property. DAC does not participate in the market publicly, which means that its shares will not be traded on the public market. The company can have a maximum of 149 shareholders, but at least one director is required. Unlike other types of companies, DAC does not need to designate a legal representative or require directors to be locals. However, the company still needs to have a company secretary. The minimum registered capital is 1 euro and no verification of capital is required. However, the business scope of the company may be limited at the time of registration, and if it needs to be changed, it must be achieved through resolution of the shareholders' meeting.
DAC is the abbreviation of Designated Activity Company, which is a legal entity belonging to Ireland. Its ownership is consolidated, meaning that all shareholders jointly own the company. The company is limited liability, which means that the shareholders' liability is limited to the amount of their investment, and they will not bear the risk of personal property. DAC does not participate in the market publicly, which means that its shares will not be traded on the public market. The company can have a maximum of 149 shareholders, but at least one director is required. Unlike other types of companies, DAC does not need to designate a legal representative or require directors to be locals. However, the company still needs to have a company secretary. The minimum registered capital is 1 euro and no verification of capital is required. However, the business scope of the company may be limited at the time of registration, and if it needs to be changed, it must be achieved through resolution of the shareholders' meeting.
Ireland Legal Entity Comparison
Ireland Legal Entity Comparison
Basic Information
DAC
CLG
Ownership:
Consolidated Ownership
Ownership:
Consolidated Ownership
Limited Liability:
Positive
Limited Liability:
Positive
Publicly Participates In Capital Market:
Negative
Publicly Participates In Capital Market:
Negative
Shareholder / Director / Secretary Requirements
DAC
CLG
Requirements For Shareholders:
Up to 149 shareholders
Requirements For Shareholders:
No requirements
Requirements For Directors ::
At least one
Requirements For Directors ::
At least one
Legal Representative Not Mandatory:
Positive
Legal Representative Not Mandatory:
Positive
Local Directors Not Mandatory:
Negative
Local Directors Not Mandatory:
Positive
Local Secretaries Not Mandatory:
Negative
Local Secretaries Not Mandatory:
Positive
Registered Capital Requirement
DAC
CLG
Minimum Registered Capital Requirement:
1 Euro
Minimum Registered Capital Requirement:
1 euro
Capital Injection Not Required:
Positive
Capital Injection Not Required:
Positive
Capital Injection Requirement:
N/A
Capital Injection Requirement:
This type of company has no shareholders or share capital. They are required to appoint members instead of shareholders, and these members are required to contribute 1 euro to the company in the event of the company's success. This company type is suitable for non-profit companies or non-governmental organizations.
Memo
DAC
CLG
Memo:
This type of company may only operate its business according to the industry specified at the time of registration.
Memo:
N/A
