Ireland Resident Private Limited Company Formation

The Republic of Ireland is a sovereign state which is a member of the European Union. Ireland ranks among the top twenty-five wealthiest countries in the world in terms of GDP per capita.

It has a low corporate tax rate, which is applied to all income generated from operations worldwide, offering many tax-saving opportunities for most multi-national companies.

With the Private Limited Company, giving limited liability to its members, limited by the amount of shares held, this arrangement is perfect for international trade and investment undertakings, as there are clear financial and legal distinctions between the company and its members.

  • Proximity to the EU and UK
  • EU Member State
  • Low Corporate Tax Rate
  • Holding of share permitted for employees
  • Company has the ability to own property
  • Company has ability to enter into legal contracts
  • Beneficial owner confidentiality, optional
  • No meetings required
  • No audit requirements for small companies
  • Reputable jurisdiction
  • Investment Vehicle
  • International Trading
  • Holding Company
  • E-Commerce
  • Property Investment

The Company may not sell its shares or raise funds from the public and there is a requirement to engage in some form of business activity within Ireland.

A few of the requirements are the Proposed Name of the company, Directors Passports, Details and address of beneficial owners, Company Memorandum and Articles of Association, which also outlines the internal management structure. Completion of Form A1.

Corporate Directors are not permitted and there is a requirement for a minimum of 2 Directors. Directors may be of any nationality, however there is a requirements that at least one Director is a resident of the European Economic Area. It this requirement cannot be met, the company may enter into a surety bond for €25,395 EUR, this bond is valid for a minimum period of 2 years. The maximum Directorships, which a Director may hold is limited to 25.

Overview
Company TypeResident Private Limited Company
Country LawCommon Law
Company LawCompanies Acts 1963 to 2012
Registered Office RequiredYes
Local Registered Agent RequiredNo
Shelf Companies PermittedNo
Migration Of DomicileNo
Average Time To Form Company5 to 10 Business Working Days
Government Fees
Minimum Government Formation Charge€250 EUR
Recurring Minimum Annual Company License FeeNone
Annual Return Filing Fee€40 EUR
Corporate Tax
Corporation Tax12.5%
Access to Double Taxation TreatiesYes

Trading income is taxed at 12.5% making Ireland the second lowest corporation tax rate jurisdiction in the EU. Non-trading income, such as investment and rental income is taxed at 25%. This is applied to income generated worldwide.

The Business Expansion Scheme has been enabled by the government to encourage outside investment, for specific Irish industries, such as manufacturing, services, tourism, research and construction. Members or Directors who are looking for investors can benefit from this.

Managers - Directors
Minimum Required Directors2
Local Director Required

No - but one must be an EU Resident

otherwise Bond payment

Records PublicYes
Board Meeting LocationNot Required, Anywhere in the World
Corporate Directors PermittedNo
Privacy - Publicly Available RecordsYes

There is a minimum requirement of two Directors. One must be an EU resident or bond payment required. Corporate Directors are not permitted.

Company Secretary
Secretary RequiredYes
Local or Qualified PositionNo
Share Capital
Standard Currency€ EURO
Permitted Share CurrencyAny
Minimum Paid Up Shares€1 EUR
Usual Authorised€1,000,000 EUR
Bearer Shares PermittedNo
No Par Value Shares PermittedNo
Shareholders - Members
Minimum Number Of Shareholders1
Corporate Shareholdes PermittedYes
Meeting LocationsNot Required - Anywhere in the world
Privacy - Publicly Available RecordsYes
Company Accounts
Requirements To PrepareYes
Audit RequiredYes - Small company exemption
Keep Financial RecordsYes
Requirement To File AccountsYes
Requirement to File Annual ReturnYes
Accounts Publicly AccessibleYes

Trading income is taxed at 12.5% making Ireland the second lowest corporation tax rate jurisdiction in the EU. Non-trading income, such as investment and rental income is taxed at 25%. This is applied to income generated worldwide.

The Business Expansion Scheme has been enabled by the government to encourage outside investment, for specific Irish industries, such as manufacturing, services, tourism, research and construction. Members or Directors who are looking for investors can benefit from this.

Ireland also has Double Taxation Agreements with 63 Countries.

Start-up Company exemptions available.

Ireland Facts
Location

Occupying about five-sixths of the island of Ireland

sovereign state in north-western Europe

SizeApproximate area of 70,273 sq. km
PopulationApproximately 4,609,600
Languages Spoken

Official Language is Irish and English

National Language is Irish

CurrencyEuro EUR
Politics

Unitary Parliamentary

Constitutional Republic

Economy

Main Industries:

Technology Companies

Exports

Transport

Air

Road - Driving on the Left

Boat

Trains

Time Zone

GMT/WET (UTC​)

Summer (DST) - IST/WEST (UTC+1)

International Dialling Code+353
Internet TLD.ie

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Ireland Resident Private Limited Company Formation Enquiry

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