Company Formation in Ireland Ltd

Procedure to prepare the registration of a company in Ireland

The registration process of a company in Ireland (Ltd) is very simple. The experts of LegalBison will assist you throughout every step of it:

• Initial consultation and agreement;
• Payment of the full invoice;
• [IF REMOTELY]: Notarization of POA by client;
• Preparation of registration documents;
• Document signed at the notary;
• Official register validity: immediately.

How long does it take to form a company in Ireland?

• Normally, the incorporation process takes between 2-5 working days;
• Can be done remotely in 1 week.

Can I form a company in Ireland remotely?

The whole incorporation process can be conducted remotely. No travel is necessary. Notarization of documents is necessary.

• A Power of Attorney (POA) from (all) partners/shareholders is needed;
• The POA is sent to you by us based on the services you want;
• You have to certify the POA by a notary and, in some cases, legalize it by apostille (some countries need full legalization);
• Once you have the POA on you, we double-check, and you send us the original form (physical document!) via courier to our address;
• Ireland is part of the Hague Convention of the Apostille.

Necessary information to begin with company formation in Ireland

• 3 options for your desired name for the company and a company contact email address;
• Names, addresses, and emails of all shareholders and board members;
• Short description of your company’s activity.

Without a VAT number in Ireland

• Your company will not be eligible to receive VAT refunds, which means everything bought is 21% more expensive (important: B2B payments between two VAT-exempt companies are not more expensive);
• Your company will not have to file monthly tax returns (prerequisite: no one receives a salary), which means low costs.

With a VAT number in Ireland

• A VAT number can be granted to any accountable person (i.e., person, partnership, or company) supplying goods or services in Ireland or simply registering for VAT.

Required documents to provide to register a company in Ireland

• Passport copies (scans) of shareholder/s and director/s, as well as a beneficiary owner if applicable;
• A Power of Attorney (in case of a remote company registration);
• Certified company documents (in case at least one of the shareholders is going to be a foreign company).

Taxation of companies in Ireland

There are two rates of Corporation Tax (CT):

• 12.5% for trading income;
• 25% for non-trading income: for example, rental and investment income;
• CT is charged on the profits in a company’s accounting period. This period cannot be longer than 12 months. If the tax rate changes in the accounting period, profits will be apportioned on a time basis and taxed accordingly;
• Dividends are taxed at 25% in Ireland.

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DTAA signed by Ireland for companies

Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion. Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia and Herzegovina, Botswana, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hong Kong, Hungary, Iceland, India, Israel, Italy, Japan, Kazakhstan, Kenya, Korea, Kuwait, Kosovo, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Poland, Portuguese Republic, Qatar, Romania, Russian Federation, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, United Kingdom, Ukraine, United Arab Emirates, Uzbekistan, United States of America, Vietnam, and Zambia.

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Accounting and audit requirements for a company in Ireland

An annual return is required to be delivered electronically by a company, whether trading or not, to the CRO at least once every year.

• Financial statements must be included;
• The return has to be filed no more than 28 days after the end of the accounting year.

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Economic substance and residency requirements for companies in Ireland

• At least one of the directors for the time being of a company that is being incorporated must be a resident of a Member State of the EEA;
• The company needs to have a registered office in Ireland that is not a PO mailbox. It is possible to have the registered office placed in the care of an authorized agent.

LegalBison offers help with all of the above requirements. We assist and are local on the ground. Speak now for free with one of our consultants to get your business started.

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