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Registration of a company in Ireland
- Price:from 2400 EUR
- Term:up to 3 weeks
Ireland is a developed European country, popular for creating trade and IT businesses. The jurisdiction is focused on trade with the UK and Europe, has convenient transport and maritime interchanges. As an IT hub, Ireland has attracted tech giants such as Apple, Facebook, Twitter, Google, and many European start-ups want to start their activities here.
The state is economically stable, high EU standards are pursued, and the technology and financial services sector is actively promoted. Ireland has been ranked in the top 10 countries for ease of doing business and attractive tax environment more than once.
With the right approach to planning the structure of the company, the possibilities and prospects of activity fully pay for the maintenance of the company.
- KYC client identification
- preparation of drafts of registration and statutory documents
- registration procedures
- company secretary services for 1 year
- payment of registration fee
- compliance services (for 3 shareholders*)
- legal address services for 1 year
- registration of PSN/VIF number (for one director*)
- registration of PSN/VIF number (for one controlling person)
- obtaining a tax number
- preparation of a package of corporate documents with an apostille and notarization
- oral legal and tax consultations on supporting the company during the year
- one courier delivery
- submission of administrative report (Annual Return) for 6 months
- Additional services (paid separately when ordering):
- local corporate management services per year - from 1800 EUR (the amount depends on the type of company activity and may change).
- signing of the document by the nominee director/secretary - from 50 EUR/document
- production of a special power of attorney with an apostille from the director - 650 EUR + courier delivery
- *When registering a company in Ireland, the following deadlines must also be taken into account:
- The deadline for obtaining a PSN/VIF number (for a director/controlling person) - from 1 to 2 months.
- The term for notarization and apostillization of documents, if necessary, is 2-2.5 weeks.
- verification of the company's compliance with all compliance and KYC criteria
- legal support for the company
- compliance services (for 3 shareholders*)
- company secretary services for 1 year
- legal address services for 1 year
- annual fee for company renewal
- preparation of an annual static report on the company (Annual Return)
- Additional services (paid separately when ordering):
- local corporate management services per year - from 1800 EUR (the amount depends on the type of company activity and may change).
- signing of the document by the nominee director/secretary - from 50 EUR/document
- production of a special power of attorney with an apostille from the director - 650 EUR + courier delivery
Opening a business account for a company in the Payoneer or Emerald24 payment systems is a comprehensive service from our company. This service does not require additional payment, as we strive to ensure the most comfortable start of your company and emphasize the importance of our cooperation. You pay only bank fees in accordance with the requirements of the payment system, and we take full responsibility for communication with the payment system and collection of documents.
Please note that this offer is valid only if the company's activities comply with the specified payment systems (high and ultra-high risk are not included in the list of permitted activities).
- 1Ireland is not an offshore, but a preferential European jurisdiction
- 2Favorable geographical location for trade with the EU, Britain and the USA
- 3The country has entered into 76 tax agreements, including with Americaand Ukraine/
- 4The Shannon Free Economic Zone operates with low taxation
- 5In Ireland, you can register a tax-free partnership (provided there is no activity in Ireland and income from sources in Ireland)
- 6The jurisdiction is focused on supporting start-ups and attracting new investments
- 7VAT does not apply to exports and imports of goods from the EU
- 8You can open a company in Ireland remotely
Ireland is famous for its popularity for trading business, since this type of activity is taxed at a corporate rate of 12,5%. Holdings and investment companies are subject to a 25% income tax rate.
In some cases, the corporate tax rate in Ireland may remain 12.5%, even if it is a holding company, for example, owning an English subsidiary. This is due to the fact that the rate of 12.5% applies to active trading income, even if the company is a holding or investment company. The main condition is that the income must be related to trading activities, and not passive income, such as investments or rent.
If an Irish holding company actively manages its investments or subsidiaries and these activities fall within the criteria of trading activities, then a tax rate of 12.5% may apply. In cases where the company's income is passive (e.g. dividends or rental income), then a rate of 25% will apply.
A business that is conducted in the Shannon Free Economic Zone is entitled to a preferential income tax - 10%. But, it is necessary to comply with the conditions: the activity must be useful for the country (for example, industry, engineering, inventions, etc.) and local personnel are involved in the work.
For activities related to IT and intellectual property, a corporate tax rate of 6,25% is available. This rate covers income received only from a certain type of intellectual property assets, in the presence of a substance and appropriate permission.
And Irish non-resident partnerships do not pay income tax at all, their income is subject to taxation at the place of registration of partners.
Despite the fact that taxes on passive income (dividends, royalties) in Ireland are high, their rates can be reduced through the application of double tax treaties.For example, non-resident shareholders may be exempt from withholding tax on dividends at 25% if they reside in a country with which Ireland has a tax treaty (Ukraine is included in the list) or in an EU member state and are not controlled by persons residing in Ireland. That is, in practice, all non-resident shareholders do not pay this tax.
Value Added Tax applies only to domestic trade transactions. If the company has an annual turnover of goods in excess of 85 000 EUR or a turnover of services in excess of 42 500 EUR, registration as a VAT payer is required.
You can open a business in Ireland by incorporating a company in such forms as: partnership, limited liability company (public or private), private enterprise, branch, representative office.
To conduct international business, non-residents use limited liability organizations - LTDs and partnerships - LPs.
- Capital – minimum size 1 EUR.
- Partners - a private or corporate person of any residency. Minimum two partners required.
- Director – the functions of managing the company are performed by the general partner.
- Secretary - the legislator does not require.
- Register of beneficiaries - not created for this form of company, so the information is not disclosed.
- Available information - about the name of the company, company number,legal address, the size of the authorized capital, partners.
- Legal address - the obligatory presence of a local address where all documentation and internal registers of the company will be stored.
- Capital – usually 100 EUR is used. There are no payment requirements.
- Director - only individuals can be appointed. One resident director or EU citizen is required. We provide support in corporate governance to comply with local legal requirements.
- Shareholder - company or individual of any residency can act. A minimum of one shareholder is required. The position is compatible with the director. If the shareholder owns 25%+ interest in the authorized capital of the LTD, it is necessary to obtain a VIF number for it.
- Secretary - the company must have a responsible secretary. This can be a person of any residency. The position is compatible with the position of a shareholder. It is recommended to appoint a local secretary for the convenience of company administration.
- Register of beneficiaries - data on ultimate owners are entered in the public Register.
- Available information - about the name of the company, legal address, company number,size of the authorized capital, director, shareholder, beneficiary.
- Substantive requirements – opening a local bank account and obtaining a VAT number requires a resident director, office rent and hired employees.
- Legal address - a mandatory presence of a local address for storing documents and registers for the company.
Depending on the form of the company, different reporting and accounting requirements apply.
All LTD companies are required to prepare annual financial statements, file tax returns and keep accounting records at their registered office. In addition, holdings and large companies that meet the criteria below are required to undergo an audit:
- the value of assets exceeds 4 400 000 EUR;
- annual turnover over 8 800 000 EUR;
- the staff accrues more than 50 people.
Irish partnerships that do not conduct local business are not subject to financial reporting obligations but must file a zero tax return annually and keep the books at their law office.
Also in Ireland, all companies, both LTD and LP, prepare an annual update of registration data by submitting a static report - Annual Return.
- In case of late filing of the Annual Return, a company may face a number of consequences, including the need to have an audit, even if it was not previously subject to this requirement. The main consequences are:
- Re-enrollment in audit: If a company is late in filing its Annual Return, it loses the right to audit for "small companies" (audit exemption) for the next two financial years. This means that even if the company did not previously meet the criteria for mandatory audit, after missing the deadline it will be required to have an audit for two consecutive years.
- Fines and administrative consequences: In addition to the requirement for mandatory audit, late filing can result in significant fines for each day of delay, as well as possible striking the company off the Register.
Companies that have received VAT numbers submit VAT reports, their regularity depends on the turnover and the amount of the company's tax: monthly, quarterly, annual.
- 3 desired company names
- description of directions of work of the future company
- high-quality color scanned copy of the internal passport of the shareholder/partner, director of the company in PDF format
- high-quality color scanned copy of the international passport of the shareholder/partner, director of the company (only the spread with the photo)
- confirmation of the registration address of the shareholder/partner, director (for example, a high-quality scanned copy of the utility bill at the place of registration of the shareholder no older than 3 months) in English or a certificate from the bank in English indicating the residential address