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 There are some basis advantages to incorporate your business in Ireland.
Ireland is a convenient place for conducting business (third in Europe as ranked by the World Bank in 2010) with attractive 12.5% tax rate on trading profits. It has concluded more than 50 double taxation treaties including the treaty with US. All this makes a limited company in Ireland a popular business vehicle for trading and holding purposes.
There is neither withholding tax on the payment of dividends by the holding company to EU or tax treaty countries, nor capital gains tax on the disposal of shareholdings in subsidiaries. Moreover Ireland is not a tax haven although a properly structured Irish company allows significant tax benefits.
Legal form and requirements
A private limited company is the most popular form of incorporation in Ireland. An Irish limited company has to have a registered office, at least two directors (one should be a European Economic Area ((EU + Iceland, Norway and Liechtenstein resident), a secretary (who may also be a director). The company has to register at the Tax office. Typical authorized share capital of the company is of €100,000 divided into 100,000 shares of 1 Euro each. The issued or paid up share capital is the number of shares that have actually been allotted and paid for by the shareholders. Typically 100 shares are issued of 1 Euro each. The 100 shares are divided between the shareholders to reflect the ownership of the company.
One person or a company can hold all company shares. This is called a "Single Member Company".
Irish limited company corporate law requirements
All companies must submit and file an annual return together with accounts and hold an Annual General Meeting.
Every company with the turnover exceeding Euro 7.4 million must prepare and file audited accounts. Holding and Subsidiary Companies must also file audited accounts.
If the company is VAT registered, VAT returns must be made every two months.
If the company does not have an EEA-Resident Director, a bond must be taken out. As a solution instead of the bond we can provide a nominee Irish resident director.
Limited company formation and related fees
| Irish company registration |
294 € |
| Tax registration |
550 € |
| Bank introduction |
500 € |
| Irish limited company registered office, agent and annual secretarial support |
900 € |
Procedure of Irish limited company registration
We will need the personal details of the company beneficiaries, directors and a secretary and description of the company planned activities.
Please contact us at e-mail for more details if you wish to register a limited company in Ireland.
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