Ireland Company Formation

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Ireland

Company Formation and Related Services

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Company Formation in Ireland

F.A.Q.

Ireland is one of the most attractive destinations for foreign investment in the world due to its young, well-educated and flexible workforce.

Any person - no matter his or her nationality or residence - can be a director or a shareholder in a company in Ireland. Shareholders of an Irish company can be natural persons or legal entities. Irish companies are required to have a local secretary. The company must have a local registered office and BridgeWest offers this type of service.

In order to start the incorporation process of a company in Ireland, the client must choose a name for the company.

The following documents are required for company incorporation in Ireland:

- copies of the identification documents;

- recent utility bills as proof of the shareholders’ residential address;

- bank reference letters;

- for legal entities wanting to open a company in Ireland, a certificate of good standing issued by the Trade Register in the country of origin is required.

The same documents together with the specific application forms are required when setting up a bank account.

An Irish expert will prepare the documents of incorporation.

The application for incorporation is done by submitting the documents of incorporation in printed, in electronic form or in a “Fe Phrainn” system in a preapproved form. The application is submitted with the Companies Registration Office.

The documents required for registration are:

-    the memorandum and the articles of association,
-    details about the shareholders, directors and secretary,
-    a statement about the issued capital and the registered office.

Companies in Ireland are also required to register for social insurance, corporate taxation and VAT with the Revenue Commissioners.

Bridgewest provides the following services for company incorporation in Ireland:

- drawing up the articles of association that can be signed through power of attorney (Irish laws require powers of attorney for any public notary proceedings);

- drawing up documents for company incorporation in Ireland: specimen signatures, identification papers copies, application form required by the Companies Registration Office;

- arranging public notary proceedings all procedures for company incorporation are done in front of an Irish public notary);

- providing a registered office in Ireland on demand; the registered office serves as headquarters for the company in Ireland and it will be made public;

- setting up a bank account for the company in Ireland; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;

-recommending an Irish accountant, as accounting services are needed for new businesses in Ireland.
 

Types of companies in Ireland

 

The Irish private company limited by shares

The minimum number of shareholders for a private company limited by shares in Ireland is one and the maximum is 99 and they can be nationals or foreigners. The shareholders will be held liable to the extent of their capital contributions for the company’s debts and obligations. Shareholders cannot trade their shares on the stock exchange. The director of an Irish private company must be resident of the European Economic Area (EEA).

The Irish public company limited by shares

The minimum number of shareholders for an Irish public company limited by shares is seven and they can be nationals or foreigners. The minimum share capital required for a public company is approximately 38,100 EUR and 25% must be paid upon incorporation. Shareholders will be held liable for the company’s debts and obligations to the extent of their capital contributions. Shareholders are allowed to trade their shares on the stock exchange.

Irish branch, subsidiary and representative office

Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in an Irish company. Foreign companies can also open extensions of the parent company in Ireland. Irish branch offices must appoint an Irish resident who will act as representative in legal matters and who will ensure management compliance.

 

Taxation in Ireland

 

The standard VAT rate in Ireland is 23%, but reduced rates of 13.5%, 9%, 4.8% apply to certain products.

The corporate tax in Ireland is set at 12.5% for trading income, while the non-trading income is taxed at a 25% rate.

For Irish and foreign companies, the dividend tax is set at 20%, unless tax treaties are enforced and smaller rates apply.

BridgeWest is also able to offer ready-made Irish companies and VAT registration.

Please contact us for more information about how to open a company in Ireland and prices.

 



Articles on Company Formation in Ireland

Types of Irish Companies

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Set up a Company in Ireland

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The Companies Registration Office of Ireland

The Companies Registration Office in Ireland is the institution where the public statutory information on Irish companies and businesses is stored. The institution has as main functions the incorporation of Irish companies and registration of business names, to apply the enforcement of the Companies ...

Open Company Branch or Subsidiary in Ireland

Foreign entrepreneurs who wish to establish a business in Ireland may do so by incorporating a brand new Irish company, being encouraged by the Irish government and enjoying equal and non-discriminatorily treatment. However already existing foreign companies may establish a branch in Ireland in orde ...

Shelf Company in Ireland

In order to invest in Ireland a foreign entrepreneur needs to consider his/her options. Forming a company may be a profitable way to invest, and this can be achieved by setting up a brand new company, or purchasing a shelf, or readymade company. The main difference consists in the time of incorporat ...

Paying Taxes in Ireland

  1. What is the corporate tax in Ireland? In Ireland companies pay corporate tax levied on company profits. The tax is charged for both the company's income and gains and its rates differ. 12, 5% tax is charged on trading income and 25% for non-trading income. 2. What is the VAT ...

Guide to Company Incorporation in Ireland

  1. What is the minimum share capital of a Private company limited by shares in Ireland? The most common company type in Ireland is the Private company limited by shares as it is similar to a regular limited liability company, having a simple structure and a minimum capital requirement o ...

VAT in Ireland

1. What is the VAT in Ireland? VAT was introduced in Ireland on the 1st November 1972. The standard Irish VAT rate is 21% for almost all goods and services. A reduced rate of 9% applies to food and drinks excluding alcohol, admissions to cinema, theatre, museum, sport activities, newspapers, brochu ...

Company Liquidation in Ireland

BridgeWest handles all steps required for company liquidation in Ireland. Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any other ...

Register a Non Profit Organization in Ireland

There are two forms of foundations in Ireland: the charitable trusts and the companies limited by guarantees not having a share capital. Both types of foundations that can be open in Ireland have the same documents at their base: the memorandum of association and the articles of association. The fou ...

Nominee Director in Ireland

Usually, in the offshore jurisdictions, the nominee director is an entity (individual or corporate body)  who’s renting his/her name to a company only to be used in the registration process for granting confidentiality for one of the beneficial owners. His/her liabilities are limited and ...

Open Business in Ireland
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Dublin

Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Dublin, Ireland. Alternatively you can incorporate your company without traveling to Ireland.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Ireland.