Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Private Company Limited by Shares (Ltd) One share per shareholder	Shareholders cannot exceed 99 Limited to capital suscribed
Public Company Limited by Shares (PLC) Minimum allotted share capital, EUR 38,092; 25% of shares allotted, together with all premiums, must be paid up.	Minimum of 7 shareholders Limited to capital suscribed

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Ireland.
Trade Register

Working Conditions

Legal Weekly Duration: 39 hours. More information on the website of the public service.
Retirement Age: 65 years
Working Contracts: A contract of employment can be verbal or written, or a combination of both. Most contracts of employment are unlimited i.e. they do not specify an end-date. Fixed-term contracts of employment are generally treated the same way as unlimited contracts, except that they are subject to special rules about termination.
There are no special contracts of employment. Most contracts of employment specify a probation period of twelve months. More details on the website of the International Labor Organization.

Minimum Wage: The National Minimum Wage Act 2000 provides that the minimum wage rate for an experienced adult employee is EUR 8.65 per hour. Click here.
Average Wage: Informations are available on the website of the Central statistics Office of Ireland.
Social contributions: Social Security Contributions Paid By Employers: 12 %
Social Security Contributions Paid By Employees: 4,5%

Social Dialogue and Involvement of Social Partners: The Irish Congress of Trade Unions is the single umbrella organization for trade unions in Ireland representing a wide range of interests of almost 750,000 working people, both in the Republic and in Northern Ireland.
In 2006 there were 64 unions affiliated to Congress, 48 unions with 543,882 members in the Republic of Ireland and 36 unions with 215,478 members in Northern Ireland.
Unions: Irish Congress of Trade Unions
Unionization Rate: Currently, roughly 33% of workers in the private sector are unionized, compared to 95% in the public sector. Among foreign-owned firms, roughly 80% of workers do not belong to unions, although pay and benefits are usually more attractive compared with domestic firms.
Labor Regulation Bodies: International Labour Market

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Learn more about Operating a Business in Ireland on Globaltrade.net, the Directory for International Trade Services.