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 (Issue of 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 reaching targets.
Government Stamp Duty may be a factor in the above. There is no stamp duty applicable to share allotments, or transfers where the consideration is less than €1000. 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 for the company
- Preparation of a Stock Transfer form instrument (if transfer)
- Preparation of Companies Registration Office form B5 (if share allotment)
- Preparation of Revenue form SD4 (if applicable)
- Payment of Stamp Duty (if applicable)
- Directors Board Minutes
- Issue of New Share Certificate/s
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. 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