Ireland

COMPANY FORMATION IN IRELAND

Ireland may be a small country but it has become one of the EU’s biggest success stories (before latest economical crisis). The so-called Celtic Tiger economy has powered ahead, fueled by foreign investment, low corporate tax and a liberal approach to trade. Generous investment incentives complete an still attractive package. Company in Ireland is best used as a trading company, where 12.5% corporate tax is applied. Best to have at least some activity related to Ireland so that the 12.5% rate can be applied.

REQUIREMENTS FOR COMPANY REGISTRATION IN IRELAND

• If the Ireland company directors are not resident in Ireland, you will have to pay a non-refundable bond of €1692.  This lasts for 2 years and then it needs to be renewed.
• The company registered in Ireland must have a minimum of 2 directors
• Company shares remain the same as if the company were being set up with Irish directors – a minimum of one share at a cost of €1 is required (this is for a single member company) and then two or more shares for a multiple member company.
• You will not need to have a nominee director for company in Ireland as the bond works as a type of insurance to the government.

IRELAND COMPANY FORMATION FEES

Please contact us for recent Ireland company formation prices.

TIMESCALES FOR COMPANY REGISTRATION IN IRELAND

One week is necessary to register a company in Ireland.

OFFICE OPTIONS FOR COMPANIES REGISTERED IN IRELAND

• Virtual office for company in Ireland (includes telephone, fax and mail forwarding facilities): €180 per month payable quarterly in advance plus €870 deposit refundable within 30 days upon termination of your company office contract.
• Serviced office for company registered in Ireland: cost as per requirement. Please contact us for serviced Ireland company office fees

ACCOUNTANCY SERVICES FOR COMPANIES REGISTERED IN IRELAND

Basic accounting fee start from €750 per year based upon approximate number of monthly invoices and projected annual turnover of company registered in Ireland. Fees for larger companies in Ireland and companies with VAT numbers vary. Please contact us for more details on accounting fees for companies registered in Ireland.

NOTE ON COMPANY FORMATION IN IRELAND

In order to register for company VAT and access the 12.5% Corporation Tax you will need to demonstrate a small trading activity in Ireland. Ideally the tax authorities would like to see an company office with employees, however, if included in the application is something which proves the company is trading in Ireland (i.e. a copy of contract with an other Irish company, proof of contract with supplier, customer, etc.) this may be acceptable.

HOW TO REGISTER A COMPANY IN IRELAND?

To register a company in Ireland, we will require the following:

• 100% of the Ireland company formation cost (payment by bank transfer preferred)
• A completed application form for company registration in Ireland
• A copy of each Ireland company's director/shareholders passport
• Two utility bills that are less than three months old

Please send your documentation for company registration in Ireland to:

SIA IBC Konsultants
Antonijas St. 22-4, LV-1010

Riga, Latvia
Fax: +371 67333957
Email: info@eurocompanyregistration.com
Skype: Contact_IBC

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