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Company formation in Ireland
Comprehensive assistance in company formation, including banking services
How to form a company in Ireland
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Ireland and opening a bank account in Ireland
2
Payment of services
Payment of our services for company formation in Ireland and/or bank account assistance in Ireland
3
Company formation
We register a new company in Ireland for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to incorporating a company in Ireland
Dividend, interest and royalties withholding tax rate is 0% on payments to jurisdictions that have a double tax treaty with Ireland.
1. Founders that would like to register a company in Ireland can either be resident or non-resident in Ireland. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a company director in Ireland. It is not required to register a company in Ireland with a resident individual as one of its shareholders or directors. However, according to Section 137 of The Companies Act 2014 if an Irish company does not have at least one director who is resident in the European Economic Area (EEA), a Non-Resident Bond must be taken out. It should be noted that this requirement refers to residency only and not citizenship. We can assist you with receiving a Non-Resident Bond.
3. One individual can register a company in Ireland and simultaneously be a shareholder and a director in this company if such company is registered as a LTD (a limited liability company).
4. There is no requirement for creating substance in Ireland - no need to hire local employees or rent an office in order to establish a company in Ireland or to conduct business in Ireland.
5. Minimum share capital that is required to register a company in Ireland as a LTD (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Ireland is complete is publicly available in the state corporate register.
7. We can help you register a company in Ireland remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Dublin for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a company director in Ireland. It is not required to register a company in Ireland with a resident individual as one of its shareholders or directors. However, according to Section 137 of The Companies Act 2014 if an Irish company does not have at least one director who is resident in the European Economic Area (EEA), a Non-Resident Bond must be taken out. It should be noted that this requirement refers to residency only and not citizenship. We can assist you with receiving a Non-Resident Bond.
3. One individual can register a company in Ireland and simultaneously be a shareholder and a director in this company if such company is registered as a LTD (a limited liability company).
4. There is no requirement for creating substance in Ireland - no need to hire local employees or rent an office in order to establish a company in Ireland or to conduct business in Ireland.
5. Minimum share capital that is required to register a company in Ireland as a LTD (a limited liability company) is just EUR 1.
6. Information about company founders, shareholders and directors after company registration in Ireland is complete is publicly available in the state corporate register.
7. We can help you register a company in Ireland remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Dublin for 1 day in order to open a corporate bank account.
Cost of services
Formation of a LTD
Timeframe - 12 business days
Timeframe - 12 business days
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Advantages of forming a company in Ireland
Attractive business-environment
- A convenient jurisdiction for setting up an IT-business, many leading international IT-corporations have estbalished a branch or an office in the Republic of Ireland, including Google
- Stable economy, a large market with a high internal demand
- Open economy, no trading restrictions
- Low inflation rate
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Relatively low corporate income tax rate compared to most EU Member States - 12,5%
- Dividend, interest and royalties withholding tax rate is 0% on payments to jurisdictions that have a double tax treaty with Ireland
- Tax benefits for R&D field
- Multiple double tax treaties
No foreign exchange controls
- The Republic of Ireland joined the Euro area, which allows it to secure free capital transfer in any currency. Individuals and business-entities, either resident or non-resident in the Republic of Ireland may open bank accounts in Irish banks in any currency
Ease of establishing and doing business
- Minimum share capital requirement for the LTD is EUR 1
- Fast company formation in Ireland
- 100% foreign ownership of a company is available
- Remote company formation in Ireland is available
- Change of corporate structure does not require any additional notary certification
More about Ireland
The Republic of Ireland is located in Western Europe and has a territory of 70,000 square kilometers, and is also almost completely surrounded by the Atlantic Ocean being a perfect logistics center between North America and Northern Europe. Ireland borders the United Kingdom, being one of its major export partners. The capital city of Northern Ireland is Dublin.
The population of the republic amounts to around 4,7 million people.
The population of the republic amounts to around 4,7 million people.
Official currency of the Republic of Ireland is euro (EUR).
74% of the state's GDP is service sector. New opportunities for investing in renewable energy, biotechnology, car industry and space industry arise constantly. In 2017-2018 the state's GDP rose by 6,7% and amounted to around USD 375,9 billion.
74% of the state's GDP is service sector. New opportunities for investing in renewable energy, biotechnology, car industry and space industry arise constantly. In 2017-2018 the state's GDP rose by 6,7% and amounted to around USD 375,9 billion.
Foreign investors establish business in this jurisdiction in order to primarily conduct IT-business and communications business, also to make supplies from the US to the EU, to set up wholesale and retail trade, to set up car maintenance business.
Restricted for foreign entrepreneurs are the following sectors:
Restricted for foreign entrepreneurs are the following sectors:
- banking services
- insurance services
- television, radio
- defense industry
- air transport.
- Corporate income tax - 12.5%. Tax returns are filed on an annual basis. Advance income tax payments are made twice a year or on an annual basis
- Dividend withholding tax - Standard tax rate 25%
- Interest withholding tax- Standard tax rate 20%
- Royalties withholding tax - Standard tax rate 20%
- Capital gains tax - Standard tax rate 33%
- VAT - Standard tax rate 23% or reduced rates from 0% up to 13,5% or tax exempt. Tax returns are filed every 4 months, on a monthly, a quarterly or an annual basis
- Personal income tax - from 20% up to 40%.
Apart from such traditional business entity types as a private company limited by shares (LTD) and a public limited company (PLC), Irish corporate law offers to establish a business as:
1. Public Company Limited by Gurarantee (PCLG)
2. Designated Activity Company Limited by Shares (DAC)
3. Unlimited Company (UC)
4. Limited Partnership (LP)
5. Limited Liability Partnership (LLP)
6. Sole Proprietor (SP)
7. Societas Europaea (SE).
To receive a detailed description of the company formation procedure in Ireland and information about documents necessary for company formation in Ireland please contact our experts.
1. Public Company Limited by Gurarantee (PCLG)
2. Designated Activity Company Limited by Shares (DAC)
3. Unlimited Company (UC)
4. Limited Partnership (LP)
5. Limited Liability Partnership (LLP)
6. Sole Proprietor (SP)
7. Societas Europaea (SE).
To receive a detailed description of the company formation procedure in Ireland and information about documents necessary for company formation in Ireland please contact our experts.
Send a request for company formation in Ireland
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128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
128 City Road,
London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
