Company registration in Ireland

Prerequisites for Incorporating a Company in Ireland

Director

We offer you the prospect of registration of a company online in Ireland with minimal requirements. The sole prerequisite is a minimum of one director, who must be an EU citizen and at least 18 years of age.

Shareholder

Our company registration services in Ireland extend to nationals of any country. You are eligible to become a shareholder in a company upon attaining the age of 18, without any constraints on residency.

Registered Address

We will assist in the establishment of your company in Ireland by providing an address that fulfills all legal stipulations. This move not only provides a business advantage but also enhances your company’s image.

Company Name

Our expert team will guide you in selecting a unique name for your company that complies with legal norms. If you opt for a Private Limited Company, the name should conclude with ‘Limited’ or ‘LTD’. For a Limited Partnership, it should conclude with ‘LP’.

Authorized Capital

We facilitate company incorporation in Ireland without any immediate requirement for the payment of authorized capital. The minimum amount of authorized capital is a mere 100 EUR, thereby simplifying business commencement and allowing you to conserve funds for company growth.

Local Bank Account

There is no obligatory need to open a local bank account when incorporating a company in Ireland. You have the liberty to select a bank and use an account in any jurisdiction that suits your needs.

Registration Agent

In alignment with Irish law, we provide you with a local incorporation agent and company secretary to ensure adherence to all regulatory requirements and obligations.

Financial Reporting

The compilation and submission of financial reports constitute a significant aspect of a company’s operations. In Ireland, all companies, barring Limited Partnerships, are required to file accounts by a designated deadline. We can assist you in understanding the requirements and preparing the necessary documentation.

Tax Structure in Ireland

Another merit of the Irish tax structure is linked to the withholding tax applied to dividends. Ireland levies a 20% withholding tax, a rate that is relatively low compared to other nations. This implies that your company can distribute dividends to shareholders, retaining only a modest fraction of the total amount.

Ireland’s Value Added Tax (VAT) stands at 23%. However, specific categories of goods and services are subject to a reduced tax rate of either 13.5% or 9%. This provision can be particularly enticing for companies involved in the manufacturing or delivery of certain services.

With its low-income tax, unique benefits for Limited Partnerships, moderate dividend tax, and versatile VAT system, Ireland presents a favorable and stable tax environment for your business, making it an appealing locale for your business development.

Financial Reporting in Ireland

An Audited Financial Statement is required for companies whose annual turnover exceeds 700,000 EUR, those employing more than 10 individuals, and those with a balance sheet in excess of 350,000 EUR. A Non-audited Financial Statement is applicable for companies with an annual turnover of less than £5.6 million. The Dormant Financial Statement is tailored for companies that are inactive.

The company’s initial financial period commences from the date of its incorporation and spans no longer than 18 months. Subsequent financial periods must range between 12 months and either 7 days less or more than the previous financial year. The financial statements must be submitted alongside the Annual Return by the earlier of two deadlines: either 56 days after filing the Annual Return or 9 months and 56 days post the conclusion of the company’s financial year. Failure to submit the reports within the stipulated time may result in significant penalties.