THE MAIN CHARACTERISTICS OF IRELAND COMPANY

General

Type of entity Private Limited Company
Type of law Common
Shelf company availability No
Our time to establish a new company 1 week
Migration of Domicile Permitted No
Corporate Taxation 12.5% on profits
Double taxation treaty access Yes

Share Capital or Equivalent

Standard currency EUR
Permitted currencies Any
Minimum paid up EUR 1
Usual authorised EUR 1,000,000

Directors or Managers

Minimum number Two
Local required No
Corporate Directors permitted No
Publicly accessible records Yes
Location of meetings Anywhere

Members

Minimum number One, normally Two
Corporate Members permitted Yes
Publicly accessible records Yes
Location of meetings Anywhere

Company Secretary

Required Yes

Registered Office/Agent

Required Yes

Accounts

Requirement to prepare Yes
Audit requirements Yes, small company exemptions
Requirement to file accounts Yes
Publicly accessible accounts Yes

Other

Requirement to file annual return Yes
Change in domicile permitted Yes

Presentation of jurisdiction

Ireland is a large island situated on the west of Great Britain with territory of 84,079 square kilometers. Ireland has dynamic, modern economy, which is dependent on trade. In response of the economic recession, Ireland has carried out various economic programs designed to decrease the prices and wage inflation, increase the workforce’s skills, invest in and develop the infrastructure and contribute foreign investment. Ireland companies are often required to act in commercial transactions because of the Irish commercial reputation and legal system.

Who should choose Ireland Company and what activities benefit the most?

Who?

  • Entrepreneurs;
  • Consultants;
  • Stockbrokers;
  • Holding companies.

Which activities?

  • International trade;
  • Inheritance tax purposes;
  • Holding of intellectual property rights (IP);
  • Ownership of movable and immovable property;
  • E-Commerce.

INTEREST OF THE JURISDICTION OF IRELAND

Advantages of a company in Ireland:

  • No requirement of minimum capital to be paid up.
  • No exchange controls.

Disadvantages of a company in Ireland:

  • The accounts of the company must be audited annually.

How to proceed

To incorporate or purchase a company the following documentation should be provided:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.