Company Formation in Ireland (Ltd)

Top 5 Advantages of company registration in Ireland (Ltd)

1. Reputable and stable jurisdiction
2. Lowest tax rates of the EU union
3. A classic and reliable tax planning vehicle
4. Quick and easy incorporation
5. Option to use a nominee director/shareholder

Roadmap

How long does it take to register a company in Ireland?

• 2-5 working days
• Can be done remotely in 1 week

What are the steps to register a company in Ireland?

The registration process of a company in Ireland (Ltd) is very simple. The experts of LegalBison will assist you throughout every step of it:

1. Initial consultation and agreement
2. Payment of the full invoice
3. [IF REMOTELY]: Notarization of POA by client
4. Preparation of registration documents
5. Document signed at the notary
6. Official register validity: immediately

Taxes

How high are the corporate income tax in Ireland?

There are two rates of Corporation Tax (CT):

• 12.5% for trading income
• 25% for non trading income, for example rental and investment income
• CT is charged on the profits in a company’s accounting period. This period cannot be longer than 12 months. If the tax rate changes in the accounting period, profits will be apportioned on a time basis and taxed accordingly
• Dividends are taxed 25% in Ireland

What Double-tax treaties has Ireland?

Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion

Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia-and-Herzegovina, Botswana, Bulgaria, Canada, Chile, Czech Republic, China, Croatia, Cyprus, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hong Kong, Hungary, Iceland, India, Israel, Ireland, Italy, Japan, Kazakhstan, Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, Slovenia, South Africa, South-Korea, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uzbekistan, Vietnam, Zambia

Status: End of 2020

VAT number

Without VAT number

• Your company will not be eligible to receive VAT refunds, which means everything bought is 21% more expensive (important: B2B payments between two VAT exempt companies are not more expensive)
• Your company will not have to file monthly tax returns (prerequisite: no one receives a salary), which means low costs

With VAT number

• A VAT number can be granted to any accountable person (i.e. person, partnership or company) supplying good or services in Ireland or simply registering for VAT

Decide first

1. Do you want to start a new company or acquire an existing one?
2. Do you want to use a nominee director? a nominee shareholder?
3. Does your budget include the necessary €100 paid-up share capital?

Speak to our consultants to get a free consultation and guidance on how to choose the best jurisdiction based on your business model.

Documents to provide for company registration in Ireland

• Passport copies (a scan) of shareholder/s and director/s, also beneficiary owner if applicable
• A Power of Attorney (in case of a remote company registration)
• Certified company documents (in case at least one of the shareholders is going to be a foreign company)

Information needed to get company registration in Ireland

• 3 options of your desired name for the company and a company contact email address
• Names, addresses and emails of all shareholders and board members
• Short description of your company’s activity

Remote incorporation

• The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
• A Power of Attorney (POA) from (all) partners/shareholders is needed
• The POA is sent to you by us based on the services you want
• You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
• Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
• Ireland is part of the Hague Convention of the Apostille

Accounting and auditing

• An annual return is required to be delivered electronically by a company, whether trading or not, to the CRO once at least in every year
• Financial statements must be included
• The return has to be filed no more than 28 days after the end of the accounting year

Residential requirements

What are the residential requirements in Ireland?

• At least one of the directors for the time being of a company which is being incorporated is required to be resident in a member State of the EEA
• The company needs to have a registered office in Ireland, that is not a PO mailbox. It is possible to have the registered office placed in the care of an authorised agent

LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.

FAQs about company registration in Ireland (Ltd)