IRELAND
COMPANY
FORMATION

Border free access to 27 EU countries and the added benefit of a 12.5% low tax rate.

 

The Irish Private Limited company is required to have at least 1 director resident in Ireland or in another European Economic Area (EEA) country. It is the residency that counts here, not your nationality. If you want to open a company but don´t fulfil this requirement then the Non-EEA Resident Director bond needs to be purchased. The Revenue Bond, as it is also known, is valid for 2 years and insures the company for €25,000 to cover any unpaid taxes or fines if the company leaves the jurisdiction.

 

Another requirement is company secretary. If there are 2 directors one of them can also be appointed as secretary. The Irish limited company is required to file annual Annual Return, Financial Statement and Company Tax Return every year and this is the duty of the company secretary. If you want to be the sole director of your company we can provide the Company Secretarial Service for you.

 

A minimum of 1 shareholder is required and this can be the directors, other persons or another company. If a company holds more than 51% of the shares this is known as a Subsidiary. To setup an Irish Private Limited Company the minimum share capital is 100 shares of €1 each. Most commonly the authorised share capital would be of €100,000 divided into 100,000 shares of €1 each. There is also an unlimited share capital option which provides flexibility in regards to any future changes to the share structure.

 

With the corporate tax rate of 12.5%, full access to the EU markets and double taxation treaties with 68 countries there are many good reasons to open an Irish Limited company. Other benefits include tax relief on acquisition and development of Intellectual Property, 3-year exemptions for start-ups and Withholding Tax exemptions to the EU and other Treaty countries

 

Get in touch with us to start your company formation in Ireland today