Ireland
Company Formation
Ireland
Starting at €1000
Starting at €1000
What's included for 1000€ :
What’s Included:
- Company formation
- Governmental fees for first year
- Scanned corporate documents
- Registered Address
- Local secretary for a year
Additional Services Available
Notarization and apostille
€470
Incumbency certificate
€100
Courier
€200
VAT Registration (if applicable)
€250
EIN Number (Tax ID)
€250
SWIFT + SEPA supporting EMI
€1500
Accounting services, introduction fee
€100
Incorporation in Ireland
Incorporation in Ireland
Incorporating a company in Ireland offers several advantages that have made it an attractive destination for businesses. Here are some key advantages:
- Ireland offers an advantageous tax environment with a competitive corporate tax rate of 12.5% on trading income, which is among the lowest rates in the European Union. Moreover, Ireland has established a wide range of double tax treaties with other nations, enabling companies to minimize taxes on their international activities. This favorable tax climate has enticed numerous multinational corporations to choose Ireland as the location for their European headquarters or regional offices..
- Access to European Union (EU) Market: Ireland’s membership in the European Union grants businesses the advantage of accessing the EU’s expansive single market, comprising over 450 million potential consumers. Through incorporating in Ireland, companies can leverage the benefits of the EU’s free movement of goods, services, capital, and labor. This facilitates the expansion of their market presence and enables them to reach a substantial customer base.
- Highly Skilled Workforce: Ireland has a well-educated and skilled workforce, with a high concentration of tech-savvy professionals. Many leading technology and pharmaceutical companies have established operations in Ireland to take advantage of the skilled labor pool. The country also has strong educational institutions that produce graduates with expertise in various fields, supporting the talent needs of businesses.
- Pro-Business Environment: Ireland is known for its pro-business policies and regulatory environment. The government has implemented measures to encourage foreign investment and entrepreneurship. The company incorporation process is straightforward and efficient, with a supportive legal framework that protects the rights of businesses. The country also ranks highly in terms of ease of doing business, making it attractive for startups and established companies alike.
- Access to Research and Development (R&D) Incentives: Ireland provides attractive incentives for companies engaged in research and development activities. The Research and Development Tax Credit allows companies to claim tax credits of 25% on qualifying R&D expenditures, including wages, consumables, and overhead costs. This encourages innovation and investment in R&D, fostering a favorable environment for companies focused on technological advancements.
- Supportive Business Ecosystem: Ireland has a vibrant business ecosystem with strong support for startups and entrepreneurs. There are numerous accelerators, incubators, and venture capital firms that provide funding, mentorship, and networking opportunities to help businesses thrive. Additionally, government agencies like Enterprise Ireland offer various support programs and grants to assist companies in their growth and expansion plans.
Tax system
Tax system
Ireland has a well-known tax system that offers several benefits for businesses. Here are some key aspects of the Irish tax system:
- Corporate Tax Rate: Ireland has a competitive corporate tax rate of 12.5% for trading income. This rate applies to most business activities, making it one of the lowest corporate tax rates in the European Union.
- Double Tax Treaties: Ireland has an extensive network of double tax treaties with over 70 countries. These treaties aim to prevent double taxation by determining the taxing rights on different types of income. They also provide mechanisms for reducing withholding tax rates on cross-border transactions.
- Research and Development (R&D) Tax Credits: Ireland provides generous tax incentives for companies engaged in research and development activities. The Research and Development Tax Credit allows eligible companies to claim a tax credit of 25% on qualifying R&D expenditures, such as employee wages, overhead costs, and certain consumables.
- Intellectual Property (IP) Regime: Ireland has introduced an attractive IP regime known as the Knowledge Development Box (KDB). Under this regime, income arising from certain intellectual property assets can be taxed at a reduced rate of 6.25%, offering significant tax savings for companies involved in IP-related activities.
- Capital Gains Tax (CGT): Ireland imposes a capital gains tax on the disposal of assets, including shares in companies. The current rate for CGT is 33%, but certain reliefs and exemptions may apply, such as the Entrepreneur Relief, which reduces the rate to 10% for qualifying business disposals.
- Value Added Tax (VAT): Ireland has a value added tax system that applies to most goods and services. The standard VAT rate is currently 23%, but reduced rates of 13.5% and 9% apply to specific goods and services
VAT registration
VAT registration
VAT registration is mandatory if you meet any of the following criteria:
- Selling over €37,500 for the sale of services or €75,000 for the sale of goods means your company needs to register for VAT in Ireland. This is a sale threshold amount over the course of 12 months (not calendar year)
- In receipt of goods from the other EU Member States over the value of €41,000, also known as Intra-Community Acquisitions (ICA)
- In receipt of any services from outside of Ireland. If you receive services from outside Ireland and the service is being used in Ireland, your business may need to register for VAT.
However, if the operational activity is conducted solely outside of Ireland and there are no taxable supplies made within Ireland, it may be possible that the company is not required to register for VAT in Ireland
Stages of incorporation process
Stages of incorporation process
The process of incorporating a company in Ireland typically involves several stages. Here is an overview of the key steps involved:
- Company Name Reservation: The first step is to choose a unique name for your company and check its availability with the Companies Registration Office (CRO) in Ireland.
- Company Formation Documents: Once the name is reserved, you need to prepare the necessary company formation documents. This includes drafting the company’s constitution (known as the Memorandum and Articles of Association) and completing the relevant forms
- Appointment of Directors and Secretary: You must appoint at least one director and one company secretary for your Irish company.
- Share Capital and Shareholders: Determine the share capital structure and issue shares to the initial shareholders. You will need to specify the number and type of shares, their value, and the rights attached to them.
- Registered Office: Every company in Ireland must have a registered office where official documents can be delivered. This address must be in Ireland and should be specified in the company formation documents.
- Submission and Filing: Once all the necessary documents are prepared, they need to be submitted along with the applicable filing fee.
- Certificate of Incorporation: Upon successful review and acceptance of the documents by the CRO, you will receive a Certificate of Incorporation. This document confirms the legal existence of your company.
The process of incorporating a company in Ireland typically involves several stages. Here is an overview of the key steps involved:
- The company should have at least one European director
- The company should have local secretary