Ireland

Original price was: $ 4,290.00.Current price is: $ 3,900.00.

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Incorporation Details

Fee schedule
Country First year Annual fee
Ireland US$ 3,900 US$ 3,690

*** To maintain good standing, your Ireland company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 3900

● Incorporation of Company
● Ireland Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Ireland

Ireland is one of the best locations for business incorporation due to its low corporate tax rates, EU access, skilled workforce, and strong business environment. Below are the key reasons why Ireland is an attractive place to set up a company.

Benefits of opening a company in Ireland

Ireland is one of the most business-friendly countries in the world, making it a top destination for company incorporation. From low corporate tax rates to EU market access, here are the key benefits of setting up a business in Ireland.

1. Low Corporate Tax Rate

✅ 12.5% Corporate Tax Rate – One of the lowest in the EU.
✅ 6.25% Tax Rate – For companies eligible under the Knowledge Development Box (KDB).
✅ No Capital Gains Tax (CGT) on share disposals for qualifying holding companies.
✅ Favorable tax treaties with over 70 countries, preventing double taxation.

2. EU & Global Market Access

✅ Full access to the EU and EEA markets with 450M+ consumers.
✅ No trade barriers within the EU single market.
✅ Strategic location – Close to the UK, EU, and US for trade.
✅ English-speaking workforce – Ideal for international business.

3. Business-Friendly Environment

✅ Ranked one of the best in Europe for ease of doing business.
✅ Quick company registration – Can be done remotely in 3-5 working days.
✅ No minimum share capital requirement.
✅ Only one director and one shareholder required (at least one director must be an EEA resident).
✅ 100% foreign ownership allowed.

4. Ireland is a Global Tech & Financial Hub

✅ Major tech companies operate in Ireland, including Google, Apple, Microsoft, Facebook, Amazon, and LinkedIn.
✅ Strong financial services sector – Dublin is a key European financial center.
✅ Attractive for fintech, SaaS, pharma, and biotech startups.
✅ Government grants & tax incentives for R&D and innovation.

5. Skilled Workforce & Talent Pool

Highly educated workforce – Strong in IT, finance, and engineering.
English-speaking – No language barriers for international companies.
EU membership – Access to skilled professionals across Europe.
Government support for training & upskilling employees.

6. Strong Banking & Financial System

Easy access to major international banks.
Multiple business banking options – Digital banking is well-developed.
Stable currency (Euro) – No foreign exchange risks within the Eurozone.

7. Stable Legal & Political System

Common law system (like the UK and the US).
Strong property rights & investor protection.
EU & OECD compliant – Reduces regulatory risks.
No corruption or political instability.

Types of Business Entities in Ireland

When setting up a business in Ireland, you can choose from several types of business structures. Each entity type has its own legal, tax, and operational implications. Here’s a breakdown of the main types of business entities in Ireland:

1. Private Company Limited by Shares (LTD)

Most common type of company in Ireland.
Limited liability – Shareholders are only liable for their investment.
Can be owned by one person (single-member company allowed).
No requirement to have an objects clause (it can engage in any lawful business).
Requires at least one director (one must be an EEA resident).
Must file annual financial statements with the Companies Registration

2. Designated Activity Company (DAC)

✅ Similar to an LTD but must specify its business activities in its constitution.
Limited liability – Shareholders are only liable up to their investment.
Requires at least two directors.
✅ Used by regulated businesses (e.g., financial services) or companies that want to restrict their activities.
✅ Must file annual accounts with the CRO.

3. Company Limited by Guarantee (CLG)

No share capital – Members act as guarantors instead of shareholders.
✅ Often used by non-profit organizations, charities, and sports clubs.
✅ Requires at least two directors.
✅ Limited liability – Members’ liability is limited to their guarantee amount.
✅ Must file annual financial statements with the CRO.

4. Public Limited Company (PLC)

✅ Can raise capital from the public by selling shares.
Minimum share capital of €25,000, with at least €6,250 fully paid.
✅ Requires at least two directors.
✅ Must file audited financial statements.
✅ Suitable for large companies looking to list on the stock exchange.

Best for: Large businesses looking for public investment or listing on the stock market.

5. Sole Trader

Owned and operated by one person.
No distinction between the owner and the business – personal liability for debts.
Easy to set up with low costs – just register with the Revenue Commissioners.
✅ Subject to income tax rather than corporate tax.
✅ No obligation to file financial accounts with the CRO.

Best for: Freelancers, self-employed professionals, and small local businesses.

6. Partnership

Two or more people share ownership and responsibility.
✅ Can be a General Partnership (GP) or a Limited Partnership (LP).
General partners have unlimited liability, while limited partners only risk their investment.
Not a separate legal entity – partners are personally liable for business debts.
✅ Profits are taxed as personal income rather than corporate tax.

Best for: Small businesses where two or more people want to work together without forming a company.

7. Branch of a Foreign Company

✅ Allows an overseas company to establish a presence in Ireland.
Not a separate legal entity – the parent company is fully liable for debts.
✅ Must register with the Companies Registration Office (CRO).
✅ Must file annual returns, including the financial statements of the parent company.

Incorporation Procedure

Documents from individuals:

  • A Clear and Current/ Valid copy Driver’s License ID, (To be notarized)
  • A copy of a Current Utility Bill, as proof of residential address (To be notarized)
  • Application Form (we will provide).

Documents from legal entities:

  • Copy of the Certificate of Incorporation;
  • Copies of incorporation documents (Articles of Association and Memorandum of Association).
  • Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure
  • Minimum Number of Directors/Managers: Minimum one (must be an EEA resident unless a bond is secured). EEA Resident Director: At least one director must be an EEA (European Economic Area) resident unless a Section 137 Bond is purchased.
  • Minimum Number of Shareholders/Members:Minimum one (can be an individual or company)
  • Beneficial Owners: Must be disclosed (for 25%+ ownership).
Timeline

Once we have received all the required identification documents, the company formation process will take approximately 7 working days subject to compliance review.

Taxation Policies

Ireland is known for its business-friendly tax regime, making it a popular destination for international companies. The corporate tax rate is one of the lowest in Europe, and there are several incentives for businesses. Below is a breakdown of key tax policies for companies operating in Ireland.

  1. Corporate Tax Rates

✔ 12.5% Corporate Tax on Trading Income

  • This applies to active business operations (e.g., manufacturing, services, and other commercial activities).
  • Ireland’s 5% rate is one of the lowest in the EU, attracting many multinational companies.

✔ 25% Tax on Passive Income

  • Investment income, rental income, royalties, and non-trading income are taxed at 25%.

✔ 33% Capital Gains Tax (CGT)

  • Gains from selling assets (e.g., property, shares, or business assets) are taxed at 33%.
  • Exemption: No CGT if the company sells shares in a subsidiary meeting specific conditions.
  1. VAT (Value-Added Tax) in Ireland

VAT registration threshold:

  • €37,500 for services-based
  • €75,000 for goods-based

VAT returns must be filed bi-monthly, quarterly, or annually, depending on the company’s turnover.

  1. Withholding Taxes
  • Dividend Withholding Tax (DWT): Standard rate of 25%, but may be reduced under Ireland’s double tax treaties.
  • No withholding tax on payments to EU and tax treaty countries.
Accounting and Audit Requirements

1️⃣ Maintaining Proper Books of Account

✅ Every Irish company must keep records that accurately reflect its financial position, including:

  • Sales & purchase records
  • Bank transactions
  • Payroll records (if applicable)
  • Invoices & receipts
  • Assets & liabilities

Retention Period: Records must be kept for at least 6 years.

2️⃣ Annual Financial Statements

✅ Irish companies must prepare annual financial statements that include:

  • Profit & Loss Statement
  • Balance Sheet
  • Cash Flow Statement
  • Directors’ Report (for medium & large companies)

Accounting Standards: Must comply with IFRS or Irish GAAP (FRS 102).

Exemptions: Small companies may be exempt from full financial reporting.

3️⃣ Annual Return (Form B1) with CRO

✅ All companies must file an Annual Return (B1) with the Companies Registration Office (CRO).
✅ The first return is due 6 months after incorporation, but financial accounts are not needed for this filing.
✅ After the first year, financial statements must be attached to the annual return.

Filing Deadline: 56 days from the company’s annual return date.

4️⃣ Corporate Tax Filing with Revenue

✅ Irish companies must file an annual corporation tax return (CT1) with the Revenue Commissioners.
Corporation Tax Rate: 12.5% on trading income, 25% on passive income.
Deadline: 9 months after the end of the financial year.

Example: If a company’s financial year ends on December 31, 2024, its CT1 return is due by September 23, 2025.

5️⃣ VAT & Payroll Compliance

VAT Returns (if registered for VAT):

  • Bi-monthly or quarterly filings with Revenue.
  • VAT Rate: 23% standard, with lower rates for certain goods/services.

Payroll (if hiring employees):

  • Must register for PAYE (Pay As You Earn).
  • File monthly payroll reports with Revenue.
  • Employers must withhold income tax, PRSI (social security), and USC (Universal Social Charge).

6️⃣ Audit Requirements

Statutory Audit is required if the company exceeds two of the following three criteria:

  • Turnover over €12 million
  • Total assets over €6 million
  • More than 50 employees

Exemptions: Small companies meeting two out of three criteria below are audit-exempt:

  • Turnover ≤ €12 million
  • Assets ≤ €6 million
  • Employees ≤ 50

Contact us for complete assistance in opening an offshore company in Ireland.

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing