Company Bureau can assist you with the allotment or transfer of shares in your Limited Company. It is vital to seek professional advice when doing this, whether it is from a Company Secretarial Expert, Tax Advisor, or both.
Share Allotments (Issuing of new Shares) or Share Transfers are done in a number of circumstances. For example, if you are providing equity in return for investment, restructuring an organisation, transferring wealth between spouses or to children or rewarding a sales director for exceeding targets.
Government Stamp Duty may be a factor in the above. There is no stamp duty applicable to share allotments (this was abolished in the late 90’s). A 1% Stamp Duty is applicable to share transfers where the consideration is €1000 or more. True market value should be used to calculate whether stamp duty is applicable or not. There may be other tax considerations applicable to share transfers or allotments such as inheritance tax or capital gains tax.
Generally, the following steps are required to complete these tasks properly for a Limited Company in Ireland:
- Checking of the Constitution / Memorandum and Articles of Association of the company
- Preparation of a Stock Transfer form instrument (if transfer)
- Preparation of Stamp Duty Revenue form SD4 (if applicable)
- Directors Board Minutes
- Issue of New Share Certificate/s
- Updating the register of members and other registers as required
- Making changes to the RBO if necessary
- Informing the CRO on the next annual return
For the completion of all of the above, our fee starts from only €150+VAT for a Share transfer in a Private Limited Company Ireland. We can have all the above prepared within 24 hours should you require everything to be done urgently.
Please note: a company may be required to update the Central Register of Beneficial Ownership (RBO) following a share allotment or share transfer if it results in a new individual holding more than 25% of the shares in the company, or if this change results in this new person having significant control within the company. For more information, please see Filing of Beneficial Owners with the RBO
For more information, or to proceed with a share transfer or allotment of shares, please don’t hesitate to Contact UsContact us now for further details