:
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 USD 1725.00 USD 1 12.5% (0% for some companies until 2021) 0.00 Да

Registration of a company in Ireland

Registration of company in Ireland

Small territorial size of Ireland is not an obstacle for the progressive development of this state. Nowadays the country is considered to be one of the most prosperous and successful in the EU.

Ireland occupies a great part of the island having the same name, which is located in the west of Europe. Important transport routes connecting European countries with the lands of North America pass through maritime and air space of the state.

The landscape of Ireland is represented by lowlands in the north and in the centre. South-west is mountainous, with the Irish Kerry Mountains situated there.

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. Business in Ireland is gaining popularity.

The economy of Ireland over the past decade has experienced significant growth.

The main reasons for this are the following:

  • Assistance of foreign investors;
  • Low rate of corporate tax;
  • Liberal attitude to trade.

At the same time registration of business in Ireland is increasingly popular service. The field of trade is considered to be the most profitable for the Irish company. In this case income tax rate will be 12.5%. At the same time, the rate for non-trading companies equals 25%. In order to enjoy the said advantage, the company's activities in Ireland shall be conducted in any way relevant to the jurisdiction.

The main reasons in favour of registering a company in Ireland:

  • Support of entrepreneurship by the Government;
  • Well-developed system of communication, including the Internet;
  • Stability of political course;
  • Low tax rates;
  • State assistance of high-tech.

Businessmen prefer the following type of the company in Ireland:

Private limited company (Ltd).

Company formation in Ireland: main features

  • The number of shares limits the liability of company’s participants.
  • The name should include a word Teoranta (Teo) or Limited (Ltd), which indicates the company's type. Special permit must be obtained in order to include in the name such words as "standard", "bank", "insurance", "society", "group", "holdings", "international", etc.
  • 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.
  • Directors must be individuals.
  • The director can also be the company’s secretary. The functions of the Secretary include keeping minutes of meetings and register containing information about:
    • - Directors and secretaries;
    • - Shareholders;
    • - Incomes and expenses.
  • The minimum issued capital is not fixed.
  • The amount of minimum paid-up capital is 1% of the amount of issued one.
  • The company must have at least one shareholder.
  • Shares should not be placed on the stock exchange.
  • Issue of preference and common shares is possible.
  • Office of the company shall be registered within the state's jurisdiction.

Bookkeeping in Ireland

Responsibilities of Irish company:

  • Maintenance of accounting records;
  • Storage of the documents at the registered office;
  • Submission of the audited financial statements;
  • Being subject to audit inspections. Exceptions:
    • Total assets are not more than € 4,4 million;
    • Turnover is not more than € 8.8 million;
    • Number of workers does not exceed 50 people on average.

Taxes in Ireland

  • Corporate. For trading companies - 12.5%, for non-trading companies - 25%.
  • On incoming dividends - 0%.
  • On capital gains - 33%.
  • Withholding these kinds of taxes is equal to 20%:
    • on royalties;
    • on dividends;
    • on interest payments.
  • VAT on sales effected within Ireland equals 23%.

Peculiarities of tax planning in Ireland

It should be noted that corporate legislation of Ireland, although being brought in compliance with all EU requirements, is still considered to be one of the most favourable in Europe. Tax planning of a company in Ireland is based on the principle of low-tax jurisdiction. For example, trading companies pay corporation tax at the rate of 12.5%. And this rate is one of the lowest in Europe. 

There are several conditions under which the enterprise can reduce the tax rate up to 10%, thereby according to the profitability of doing business in Ireland the companies are often placed in a row with Cyprus.

You should take into account the following necessary information about lowering the tax rate for the company in Ireland.

Thus, the rate of 10% is available for companies which are involved in the production processes within Ireland. But this benefit does not apply to:

  • materials, which have free-flowing consistency;
  • goods with modified stock-keeping unit without changing the substance of the product itself;
  • goods subject to repair or restoration.

Ireland's tax incentives system

There is a 25% tax credit on qualifying R&D expenses, being 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.

The Intellectual property regime provides a tax deduction for capital expenditure incurred by a company on the acquisition of qualifying IP assets such as patents and registered designs, trademarks, know-how, domain names, copyrights, service marks, among many others. Capital allowances incurred on qualifying IP assets are available for offset against income generated from qualifying IP assets, up to a maximum deduction of 80% of the IP derived profits. The remaining 20% is taxable at the 12.5% corporation tax on the basis that the company is carrying on a trade.

The status of foreign employees in Irish companies

If a foreign employee spent in the country up to 183 days per year, they are not considered as a resident of the jurisdiction and should not pay income tax. This simplifies the management of foreign subsidiaries, which are registered in Ireland.

Our experienced specialists will help you register a company in Ireland in short time. They will also provide information regarding the offshore zones of Ireland. Buying a company in Ireland is now possible without wasting time and money. Registration of companies (including offshore companies) and business in Ireland is one of the main directions of our work.

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
 

Price: +658 USD

 
  • 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 companiesYes
Legal systemCommon Law based on English Common Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeYes
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 agentNo
Shares and share capital
Standard currencyEUR
The minimum amount of paid-in capital, nat. currencyNot applicable
The minimum amount of the issued capital1
Bearer sharesNo
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 valueNo
Taxation
VATYes
Basic corporate tax rate12.5% (0% for some companies until 2021)
Capital gains taxNo
Currency controlNo
Corporate tax rates details12,5% for Trading Income, 25% - Non-trading income
Stamp dutyNo
Other taxesVAT 23%
Director and Secretary
Minimum number of directors1
The requirement for residency directorsYes
Director of legal entities are allowedYes
The data reveals to the local agentYes
Data field to the public registryYes
The requirement for the presence of the SecretaryYes
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerYes
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentNo
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsYes
Open access to reportsNo
Statutory auditYes
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnYes
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)74
Membership in the OECDYes
Is it offshore according to Russian legislationNo
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 USD 272.70 USD
«TRADEMARK» refers to «Wordmark» or «Logo»

219.60 101.70 612.90 207.00 633.60 0.00 1466.10 USD 308.70 USD
«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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