ago 12 2010

Ireland

Fidelitas7 @ 16:43

Irish Companies

Main features

  • The company must have a minimum of 2 directors which must be individuals
  • If there is not at least 1 Director resident in the EU or EEA, you will have to pay a non-refundable bond of €1692. This lasts for 2 years and then it may need to be renewed
  • Minimum Issued Share Capital of just €1 is allowed. Standard is €100.
  • Some substance in Ireland required (i.e. A Nominee Director, Employee, Physical Office, trade in Ireland, etc.)
  • 3-4 working days to form the company from receipt of payment and signed documentation. Bank account takes around 2 weeks. Everything can be done
    remotely.
  • A full register of members and charges must be kept at the registered office in Ireland.
  • The name of the required company should be checked with the Registrar and the ending will be either Limited or Public Limited Company. Securing a company name is more difficult in Ireland than in the US or UK as the Companies Registration Office tries to avoid potential ‘Passing Off’ actions at the time of initial registration
  • Basic accountancy fee f based upon approximate number of monthly invoices and projected annual turnover. Fees for larger companies may vary.

Advantages of an irish company

  • Ireland has one of the lowest corporate tax rates in Europe (12.5% )
  • Similar laws to both the UK and US
  • Excellent Double Taxation Treaty Network.
  • There must be at least one shareholder. A shareholder can be a corporate entity and there are no nationality or residence requirements.
  • No exchange controls
  • Single subscriber companies available.

 

Fidelitas´Services
This package takes care of Companies Office Annual Returns, updating and maintenance of the 7 statutory registers, 3 hours company secretary time and board minutes. We also monitor your company on the CORE system (protects against company fraud).

Learn more about Irish Companies:

Ireland Companies:

 

Personal taxation

Personal tax rates however are relatively high but non-domiciled but resident individuals can avoid being taxed on non-Irish sourced income