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Ireland company formation – secure jurisdiction and recognised reputation.
Popular company type:
Time of Ireland company formation takes 3-5 days.
Personal presence is not required.
Corporation Tax in Ireland: 12.5% for trading income, 25% for non-trading income
Income Tax in Ireland:40% over €34,550 for single, €42,800 for married taxpayers.
VAT Tax in Ireland: 23%
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Main Characteristics and the basic rules of Company registration in Ireland
Expanding business to an offshore location or country is definitely a good idea but selecting the right country is equally important. If you are planning to expand your business in Europe, Ireland is a good choice. In the last decade, Ireland has become the preferred choice for several US and EU based companies for venture expansion. In fact, some of these entities have made Ireland their business headquarters. So, it is time you may think of Ireland offshore Company Formation too.
The tax regime of Ireland is a main reason behind growing foreign direct investment in the country but there are more. You will not have to worry about availability of skilled labor in this country. The high literacy rate ensures any business need not strive to find workforce. You will also find English speaking workforce without hardships.
When you want to start a new venture in a foreign country or take existing venture there, the taxation related aspects have to be kept in mind. The nice thing about Ireland is the Corporate Tax Rate is as low as 12.5%. It does not matter which niche your business belongs to. The tax rate is applicable to companies belonging to any sector. Dublin has a pro-business environment and setup that any entrepreneur would love.
The SARP or Special Assignee Relief Programme is a boon for companies expanding operations in Ireland those hire staffs from home turf. This can be especially helpful when you start operations here and do not want to hire local employees at the nascent stage. You can in fact get more tax credit if you have a R&D facility for your venture in Ireland. These are also strong reasons to think of Ireland Company Formation. No wonder a lot of MNCs are developing their data centers in the country.
The economy of Ireland is stable and political turbulence related woes are almost not there. These are also required for business expansion. You can setup companies belonging to various niches like IT, finance, healthcare, telecommunication, food and hospitality etc. The transport network in Ireland is strong and airways connectivity is very good for business operations. From Dublin you can find flights to major cities in the EU and the USA.
Despite benefits of business expansion in Ireland, you may require assistance from expert agencies. BRIS Group is the perfect guide for this. Get in touch for more information on Ireland Company Formation.
Ireland Company Formation | Financial Advantages |
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Taxation: | 12.5%: Trading income 25%: Non-Trading income |
Double Taxation Treaty Access: | Yes Treaty Access with many countries |
Ireland Tax Information Exchange Agreements: | Yes, Ireland signs Exchange Agreements |
Account Filing Requirements: | Yes accounting / reporting requirements |
Annual Return Filing Requirements: | No annual return/ reporting requirements |
Audit Requirements: | Yes audit required (not for small company) |
Ireland Company Formation | Registration Requirements |
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Share Capital: | EUR 1,000,000 Minimum paid up share capital required for an Ireland company formation EUR 1 |
Classes of Share Available for Ireland company formation: | Preference shares, registered shares |
Bearer Shares: | Not Allowed |
Registered Office Required: | Yes required and must be maintained in Ireland |
Shareholders: | Minimum number is one |
Directors: | Minimum number is one. Can be any nationality and need not be residents of Ireland (but 1 must be resident in EEA) Corporate directors are not allowed. |
Your Company language: | English |
Name of your Company must be ended: | “Limited”/ “Ltd”, “Teoranta” |
Documents required for Ireland company formation: | A certified copy of your passport or ID and proof of your residential address dated less than 3 months. |
Ireland Company Formation | Restriction |
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For Ireland company formation you cannot use words in your company names without justification: | “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc. |
Restrictions on Trading: | Gibraltar “Non-Resident Controlled” companies are not permitted to trade within Gibraltar or to have Gibraltar-source income, if they wish to avoid being treated as taxable in Gibraltar |
Not permitted without a licence: | Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision. |
Ireland Company Formation | Confidentiality and Security |
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Publicly Accessible Records: | Yes, accessible |
Nominee Shareholders and Nominee Directors: | Yes, Allowed |
Disclosure of Beneficial Ownership to Authorities: | No |
Meetings of Directors and Shareholders to be held: | Anywhere |
Stability: | Fantastic jurisdiction and highly regarded reputation. |
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.
Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.