Ireland has become one of the Europe's biggest success stories despite its small size. Due to its firm commitment to low corporation tax (12.5%), and a liberal approach to trade, Ireland has become a hotspot for foreign investors. As an independent and committed European Member, it is also the only full English-speaking jurisdiction in the Euro system.

Since July 2009, Legislation has been passed which means EU/EEA-residents can now start a business in Ireland without paying the Non-Resident Directors Bond. This makes Ireland even more attractive for overseas investors and entrepreneurs considering company implementation in Ireland.

Advantages of an Irish company

The advantages of registering a company in Ireland include:

  • Excellent Holding Company Regime
  • Extensive network of over 50 Double Taxation Treaties including the United States.
  • High skilled labour force
  • Europe's premier corporate domicile for multinational inward investment.
  • Excellent telecommunications infrastructure.
  • Low capitalisation costs when compared with most EU jurisdictions.
  • Ideal for international Joint Ventures where participants wish to incorporate in a neutral state.

What types of Companies are available?

A Private Limited Company is the most common form of Irish company incorporation for people wishing to a start business in Ireland. The main types of company formation Ireland can be categorised as follows:

  • Private Company Limited by Shares (LTD)
  • Designated Activity Company (DAC)
  • Company Limited by Guarantee (Non-Profit Company)
  • Unlimited Company
  • Limited Partnership (LP)
  • Public Limited Company (PLC)
  • Branch

Main requirements for an Irish LTD

Every company must have a Registered Office address within the state.

All Irish companies must register for corporation tax.

A Private Company Limited by Shares may have a single director if desired, but in this case, must appoint a separate secretary.

Every company must have a Secretary who may also be a Director. A Corporate Secretary is permissible.

It is possible to have a "Single Member Company" whereby all shares are held by the one person/company. The Maximum number of shareholders for a Private Limited company is ninety-nine.

Companies are normally capitalised with 100 issued shares of Euro 1 each.

Newly incorporated companies should demonstrate an activity/trade within the state if they wish to register for VAT.

Filing requirements

The Company Compliance and Corporate Governance requirements for company registration Ireland include the following:

  • All companies must hold an Annual General Meeting (AGM) within 18 months of incorporation and thereafter on an annual basis (must be an AGM in each calendar year and should take place in Ireland as management and control should be in Ireland)
  • All companies must submit and file an annual return together with accounts to the Registrar of Companies.
  • Every company whose turnover exceeds Euro 8.3 million must prepare and file audited accounts. Holding and Subsidiary Companies must also file audited accounts.
  • Corporation Tax Return once a year and VAT Returns every two months (if applicable)
  • Substance in Ireland required for VAT Registration - (i.e. A resident Director, Employee, Physical Office, trade in Ireland, etc.)

Please contact us and we will be pleased to discuss matters in greater detail.