:
registration of legal entity

Cost of registration The cost of the second year Number of Directors Corporate tax rates Payment of Charter Capital Financial statements
1975.00 EUR 1725.00 EUR 1 12.5% (0% for some companies until 2021) 0.00 Yes

Company Formation In Ireland

start a business in ireland

The republic of Ireland is a nation located in the northwestern part of Europe (island) or the North Atlantic ocean, it is bordered to the east by the North channel, the Irish sea and St. George’s channel. It is the second largest Ireland of the British Isles and the third largest in Europe. The population of the Republic of Ireland is about 6.6 million people, its largest city and capital is Dublin. The official language is English and Irish. The landscape of Ireland is represented by lowlands in the north and central part of the country, mountains in the south-west with the Irish Kerry Mountains situated there. Hence, the nickname ‘The Emerald Isle’ due to its lush vegetation and rolling hills. Ireland is notable for its unstable weather: there are frequent rains, winds and fogs. This is due to the moderate oceanic climate of the country.

The Companies Registration Office is responsible for the registration and incorporation of companies in the Republic of Ireland.

ADVANTAGES OF STARTING A BUSINESS IN IRELAND

  • Economy, one of the largest and fastest growing economy in the world;
  • A member of the European Union;
  • Taxation, one of the most attractive taxation system in Europe;
  • The Federal government supporting the growth of investment and entrepreneurship;
  • Ease of doing Business; its considered one of the most attractive places for international companies as it serves as a gateway to the European market
  • Well-developed system of communication, including the Internet;
  • Stable political environment;
  • State of the art technological devices.

STARTING A COMPANY IN IRELAND: TAXES

Corporate income tax: for trading companies - 12.5%
Non-trading companies - 25%. 
VAT is at 23%.
Incoming dividends are not taxed. 
Personal income tax is 20%.

It is important to note that there is a 25% tax credit on qualifying R&D expenses, summing up to a total effective tax deduction of 37.5%. In addition, under the Knowledge Development Box, a reduced corporate tax rate of 6.27% applies to certain profits arising from assets derived from R&D initiatives. Certain start-ups may benefit from a tax relief for three years, if the total amount of corporate tax payable does not exceed EUR 40,000 in each year.

REQUIREMENTS FOR REGISTRATION OF COMPANY

  • Minimum number of directors is one. The director must be a resident. Legal entities cannot be directors. One director must be resident in EEA. if an Irish Company does not have at least one director who is resident in the European Economic Area (EEA), a Bond must be taken out. The Bond insures the company for a sum of €25,000.
  • Minimum number of shareholders is one.
  • There are no requirements for the minimum initial capital of the company. Information about the beneficial owner is not available to the public.
  • Presence of a legal address in Ireland is mandatory.
  • The company must have a secretary. The secretary may be a non-resident of Ireland.
  • The director can also be the company’s secretary. The functions of the Secretary include keeping minutes of meetings and register containing information about:
  1. Directors and secretaries;
  2. Shareholders;
  3. Incomes and expenses.
  • The number of shares limit the liability of company’s participants.
  • The name should include the word ‘Teoranta (Teo)’ or Limited (Ltd), which indicates the company's type. Including the following words will require a special permit, they are "standard", "bank", "insurance", "society", "group", "holdings", "international" and so on.
  • The minimum issued capital is not fixed.
  • The amount of minimum paid-up capital is 1% of the amount of issued.
  • Shares should not be placed on the stock exchange.
  • Issue of preference and common shares is possible.

ireland company incorporation

DOCUMENTS REQUIRED TO REGISTER A COMPANY

The following are the document required for setting up a business in Ireland: 

  • Certificate of incorporation 
  • Memorandum and Articles of Association 
  • Minutes of the Meeting of Directors 
  • Share Certificates 
  • Page with Apostille.

PROCESS OF SETTING UP A COMPANY IN IRELAND

The registration process begins with a free consultation and expert assessment from our lawyers, ensuring it complies with the requirements of a new company registration. After which, our specialists collect, prepare the necessary documents and submit the application for company registration. At the end of the registration procedure, the certificate of Incorporation may be delivered to you via courier service or an email addressed by the founders of the company. Company registration/incorporation gives operational and transactional rights in the republic of Ireland but not in Northern Ireland.

REGISTER A BUSINESS IN IRELAND: TYPES OF COMPANIES

The following are the business types that can be registered in Ireland, they include:

  • Private Limited Company;

    - Private Company Limited by Shares (LTD) 
    - Company Limited by Guarantee (CLG)

  • Designated Activity Company (DAC)
  • Branch Company
  • Public Limited Company (PLC)
  • Limited Partnership Company (LP)
  • Sole Entrepreneurship

IRISH COMPANY FORMATION FAQs

  • How much does it cost to register a company in Ireland?

The cost of registering a company in Ireland is $1975. The total cost of the registration includes comprehensive review, company registration service and certificate.

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

It takes about two to three weeks to register a company in Ireland.

  • How to register a company name in Ireland?

Contact Law and Trust International, our Lawyers get in touch with the ‘Companies Registration Office’, working with them closely to verify the registration of a business or company.

  • What is a company registration number in Ireland?

The company registration number is a unique number issued when a limited company or limited liability partnership is incorporated in the territory of Ireland.

  • How many digits is in a company registration number?

CRN (Company registration number) consists of six numbers. These are unique numbers given by the CRO to identify a company and confirm that it is indeed a registered legal entity. 

  • How to register a company for VAT in Ireland?

Registering a company for VAT in the Republic of Ireland are dependent on what goods or services your business provides. Law and Trust International works with the Companies Registration Office for your companies VAT registration.

WHY INCORPORATE WITH LAW&TRUST INTERNATIONAL?

Benefits of Ireland company incorporation and registration with Law&Trust International team include:

  • Full range of related services: Provision of a full range of legal, corporate, government, and business intelligence related services. 
  • Professionals and expertise of Law: Worldwide registration and legal maintenance of companies, accounting services and audit, tax planning and optimization, trademark and patent registration, and many more. Best professionals are always available to help your business.
  • Thorough domestic service: L&T ensure our services cover every region in Ireland. No matter where you decide, be rest assured we got the location covered.
  • Free initial advice: Lawyers of Law and Trust provide free initial advice, as well as services for analyzing and developing a legal position on the issue you have raised.
  • Fast and safe: Law&Trust keeps every clients’ details secured.
  • Efficiency and productivity: Strategically providing up to date personalized services to help your business succeed.

READY FOR COMPANY INCORPORATION?

If you are interested in registering and incorporating a company in the Republic of Ireland, Law & Trust International can help. Simply send us an email or call now to take your business to the next level!

Set of documents
   
  • Certificate of incorporation 
  • Memorandum and Articles of Association 
  • Minutes of the Meeting of Directors 
  • Share Certiciates 
  • Page with Apostille 
Nominee director and shareholder
 EUR  
  • Resolution effecting the issuing the Power of Attorney 
  • Apostilled Power of Attorney 
  • Consent Letter 
  • Director Resignation Letter
  • Nominee Director’s Declaration
  • Resolution effecting the change Director 
  • Resignation of Companies Secretary and Directors 
  • Deed of Trust Instrument of Transfer
  • Бланк передачи Акций 

General information
Square70 273.00
Population4 722 030.00
CapitalDublin
Unemployment24.30
State polityRepublic, parliamentary democracy
Telephone code353
Place in the world in corruption19
locationWestern Europe, occupying five-sixths of the island of Ireland in the North Atlantic Ocean, west of Great Britain
ClimateTemperate maritime; modified by North Atlantic Current; mild winters, cool summers; consistently humid; overcast about half the time; avg. maximum temperature (July) +17°; avg. minimum temperature (January) +4°
Literacy rate99.00%
Ethnic groupsIrish 87.4%, others white 7.5%, Asian 1.3%, colored 1.1%, mixed 1.1%, others 1.6%
National currencyEuro
USD exchange rate0.75
GDP per capita24
Official languageEnglish (official) is the language generally used, Irish (Gaelic or Gaeilge) (official) spoken mainly in areas along the western coast
Credit ratingAA
The judiciarySupreme Court (court of last resort), the trial courts, including the Supreme Court
Executive authorityHead of government: Prime Minister. Cabinet: Cabinet appointed by the president to the prime minister and approved by the lower house of parliament
Legislative authoritiesbicameral Parliament: the Senate (60 seats) and the House of Representatives (166 seats)
Corporate information
Opportunity to purchase ready-made companiesДа
Legal systemCommon Law based on English Common Law
The use of the Cyrillic alphabet in the nameНет
Local registered officeДа
Organizational and Legal FormsPrivate limited company (LTD), Designated Activity Company (DAC), Company Limited by Guarantee having a Share Capital (DAC limited by guarantee), Company Limited by Guarantee not having a Share Capital (CLG), Public Limited Company (PLC), Unlimited Companies, Investment Funds, Partnerships.
Indication of BPA in the nameTeoranta (Gaelic equivalent Limited), Limited or the abbreviation Ltd.
Local registered agentНет
Shares and share capital
Standard currencyEUR
The minimum amount of paid-in capital, nat. currencyNot applicable
The minimum amount of the issued capital1
Bearer sharesНет
Terms of payment of the issued capitalWhen registering
The usual size of the authorized capitalEUR 100,000
Usual nominal value of shares1 Euro
Possibility to issue shares without par valueНет
Taxation
VATДа
Basic corporate tax rate12.5% (0% for some companies until 2021)
Capital gains taxНет
Currency controlНет
Corporate tax rates details12,5% for Trading Income, 25% - Non-trading income
Stamp dutyНет
Other taxesVAT 23%
Director and Secretary
Minimum number of directors1
The requirement for residency directorsДа
Director of legal entities are allowedДа
The data reveals to the local agentДа
Data field to the public registryДа
The requirement for the presence of the SecretaryДа
Requirement to the residense of the SecretaryНет
Requirements to qualification of the SecretaryНет
Legal entity as the SecretaryНет
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerДа
Shareholders residency requirementНет
Information about the beneficiary is disclosedНет
Information may be disclosed to the local agentНет
Shareholders-legal entities are acceptableДа
Reporting
The requirement for filing reportsДа
Open access to reportsНет
Statutory auditДа
The requirement for filing Annual ReturnНет
Open access to the Annual ReturnДа
The requirement for reportsДа
Treaty on avoidance of double taxation (States which signed)74
Membership in the OECDДа
Is it offshore according to Russian legislationНет
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
122.40 65.70 612.90 207.00 633.60 0.00 1368.90 EUR 272.70 EUR
«TRADEMARK» refers to «Wordmark» or «Logo»

219.60 101.70 612.90 207.00 633.60 0.00 1368.90 EUR 308.70 EUR
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

Цены включают в себя все юридические и официальные сборы. Наши цены могут иметь вариации в процессе регистрации только в случае изменений, касающихся официальных сборов или обменных курсов.
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