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Company extract for an Irish DAC (designated activity company)

The DAC is Ireland's company with a defined purpose: an objects clause limits what it may do — which is why finance vehicles, SPVs and joint ventures use it. Live CRO record from €9.99.

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Purpose-bound by design

Where the modern Irish LTD enjoys unlimited capacity, the DAC deliberately restricts itself via its objects clause — reassuring lenders and co-venturers that the vehicle cannot wander. Verifying a DAC therefore includes understanding its stated objects alongside officers and status.

Ireland's securitisation industry runs on DACs: for counterparties of SPVs, the register record is the primary public anchor.

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Frequently asked questions

What distinguishes a DAC from an LTD?

The DAC has a memorandum with an objects clause (limited corporate capacity), authorised share capital, a minimum of two directors, and must carry 'DAC' in its name.

Who uses DACs?

Structured-finance SPVs, banks' subsidiaries, joint ventures and charities-adjacent vehicles — anywhere stakeholders want the company legally confined to stated activities.

What does the record show?

CRO number, registered office, status, directors and secretary, capital structure and filing history — plus the constitutional documents defining the objects, where filed.

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