Jurisdiction

Setting up your business in Ireland
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Set your business in Ireland, Republic

An excellent European option for international trade.

Double Tax
Treaties
Companies in Ireland have access to over 73 double tax treaties.
Lower Tax
Rate
Low corporate tax rate of less than 12,5% after deductions.
International
distribution
Easy distribution of goods and services.

Packages & Prices

Which type of company should you choose?

Select the services as most suitable for your personal business needs and build your own package – start your business project now!

Why register your company with us?

We make incorporating a company as easy as possible, so you can focus on the important things.

We have a full suite of startup services, like banking, bookkeeping and tax planning consultancy, which means Eurofinanzza not only helps you get started, but supports you in your continued success as your one-stop shop.

Tell us about your
business

We’ve taken the complexity out of forming your business company. Our online form can be completed in less than 10 minutes.

We take care of the
paperwork

Based on the information you provide, we prepare all required documents and file them directly to the appropriate entity.

Receive your
documents

Once your incorporation documents have been approved by the state, you’ll receive your completed company package by email.

Some Banking Options

How to incorporate your business company in Ireland

Ireland is a very suitable jurisdiction for companies to be based whilst acting in commercial transactions.

There are a number of structures available which allow an Irish entity to be used in worldwide commercial transactions whilst minimising the exposure to Irish tax. It is relatively easy and inexpensive to form a company in Ireland and there are many advantages to having a company here, such as:

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Having a company in Ireland allows you to be part of the EU in an English-speaking country.
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Access to all the EU trade & customs agreements between Ireland and other non-EU countries.
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Access to over 73 double tax treaties.
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Cross Border VAT registration with simplified administration.

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Easy distribution of goods and services.
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EURO currency bank account.
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Low corporate tax rate of less than 12.50% after deductions.
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A large variety of tax reliefs and incentives aimed at attracting foreign companies Read more about setting up a company in Ireland. You can speak to our Ireland business expert here.
Principal corporate legislation
The Companies Act 2014 replaced the Companies Acts 1963-2013 on 1st June 2015. The Companies Act 2014 consolidated the 1963-2013 Acts as well as introducing some new innovations.
Authorised and issued share capital
There is no capital duty payable on the authorized capital. There is a 1% capital duty payable on the issued share capital. There is no maximum authorized capital. The minimum issued capital is two shares of par value.
Classes of shares permitted
The rights and duties of a member will depend on the Articles of Association or the Constitution.

Where a company has a share capital, it is presumed that all shares have equal rights, but the company may in its Memorandum or Articles of Association or the Constitution create a power to issue different classes of shares, including ordinary, preference and redeemable shares.

– Ordinary Shares
– Preference Shares
– Redeemable Shares
– Bonus Shares
– Bearer Shares

Taxation

The corporate tax rate is remains at 12,5% on trading income and 25% on non-trading income for 2013.

Double taxation agreements

Ireland has signed comprehensive Double Taxation Agreements with 74 countries. 73 agreements are in effect. The agreement with Ghana is not yet in effect. The agreements cover direct taxes which in the case of Ireland are:

  • Income Tax
  • Universal Social Charge
  • Corporation Tax
  • Capital Gains Tax
New Companies Act 2014
The Companies Act 2014 was recently enacted. In addition to consolidating all existing Company Acts and statutory instruments, the new Act contains significant reforms of company law in Ireland. The first 14 parts of the Act deal with a new type of private limited company, which will be known as the LTD.

The remainder of the Act deals with all other company types including:

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Designated Activity Companies (DAC).
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Three (3) types of unlimited companies.
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Provides that a foreign company has only one registration option when it establishes a presence in Ireland.
Reforms also include:
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Permitting the merger and division of Irish companies.

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Setting out in legislation directors’ statutory and fiduciary duties.

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A new requirement to register, on public record, persons authorised to bind a company.

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The use of a service address by directors and secretaries in lieu of their residential addresses.
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The extension of the audit exemption provisions to include group companies.
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A validation procedure for certain types of transactions, all designed to streamline and simplify commercial transactions and reduce costs.
A transition period of eighteen (18) months will apply from when the Act takes effect in June 2015 in respect of the conversion of existing private limited companies to either an LTD or a DAC.

86% of Irish companies are private limited companies. It is anticipated that the majority will convert to an LTD, the simplified new version of limited company to which a range of reforms will apply. As its name suggests, the other form of private limited company, the Designated Activity Company, is the closest equivalent to the existing private limited company and its permitted activities will be limited by its object clause.

How will it affect Limited Companies
With the Companies Act 2014 into effect on the 1st of June 2015 we would like to make you aware of the main features of the act that will affect your limited company, due to the great deal of focus on private limited companies as they account for 90% of company types in Ireland.
Requirement to convert to new company type

All companies currently incorporated as a “Private Limited by Shares” company type, must choose to convert to one of these two new company types:

Private Company Limited by Shares (LTD)

Creation of a new Model Company – Private Company Limited by Shares (LTD) – this is intended to replace the existing private limited company with a more simplified format allowing for a simple constitution, no requirement for an AGM and only one director required. No name change required.

Designated Activity Company (DAC)

Creation of a new Designated Activity Company (DAC) – certain companies will be required to register as a DAC, e.g. regulated financial institutions. Others will need to choose if a DAC vehicle will suit their current or desired structure. These companies will have a two-document constitution and must have two directors. A name change will be required.

Existing private limited companies will have to make a decision on which of the new entity types they wish to become. They can opt in and become a new private company limited by shares, opt out and become a designated activity company or do nothing and be deemed a designated activity company for the transition and a private company limited by shares thereafter.

Other Types of Entity – Key Features

Ireland is a very suitable jurisdiction for companies to be based whilst acting in commercial transactions.

There are a number of structures available which allow an Irish entity to be used in worldwide commercial transactions whilst minimising the exposure to Irish tax. It is relatively easy and inexpensive to form a company in Ireland and there are many advantages to having a company here, such as:

Unlimited Companies (UCs)
Limited Companies (PLCs)
Guarantee Companies (CLGs)
Provision of EEA Director

All company types must have one secretary and a minimum of one director. One of the directors is required to be resident in a member state of the European Economic Area (EEA).

For those residing outside the EEA, there are two options. Either you can purchase a bond, which insures the company against fines for any offences under the Companies Act, this bond would need to be renewed every 2 years. The other option would be for the Irish company to appoint a non-executive or “nominee” director to the board to satisfy residency requirement.

Section 137 Non-EEA Resident Director Bond

Section 137 of The Companies Act 2014 (section 43 under the old Act) states that if an Irish Company does not have at least one company director who is resident in the European Economic Area (EEA), a Bond must be taken out. It is important to note that this requirement pertains to residency and not citizenship. A company director who holds an EEA passport but resides outside of the EEA would also require a bond.

Securing a Section 137 Non-Resident Directors Bond or ‘Revenue Bond’ exempts companies registered in the Republic of Ireland from the requirement to have a Director who is resident in the EEA (European Union plus Iceland, Norway and Liechtenstein).

A Revenue Bond ensures the company for a sum of €25,000 and its purpose is to cover the following:

  • Any fine imposed on the Company in respect of offences under the Companies Act 2014 e.g. failure to file Annual Returns and Audited Accounts on time.
  • A fine for failure to supply certain information to the Revenue Commissioners – mainly information required on the Form CRO 11F.
  • Any penalty which the company has been held liable to pay under S1071 or S1073 of the Taxes Consolidation Act 1997.
  • Any expenses incurred in recovering the fines and penalties mentioned above.

The Non-Resident Bond covers a period of 2 years and must be put in place at the incorporation stage or upon the removal of the EEA resident director of the company. The Bond acts like an insurance policy to cover the government for unpaid taxes or fines if the company leaves the jurisdiction.

Having the Bond in effect does not replace or act as a Company Director – It merely allows the company to operate without an EEA resident director in place. Following the 2-year period of the bond, the company is required to take action to either renew the bond for a further 2 years, put an EEA resident director in place, or create a real and continuous link in the state. This link exemption can be applied for with the Revenue Commissioners when a company displays significant employment and a strong physical presence in Ireland.

We can arrange the Section 137 Revenue Bond for your company. The total fee payable for the Non-Resident Directors bond is €1.957,50 (Including VAT) and covers a period of two years. Please note once the Bond is issued it is non-refundable.

For more information or to proceed with the Bond, please contact us and we will e-mail you a proposal form today.

Irish Company Bank Account in Ireland for a Non-Resident
Yes, Irish banks will open business accounts in your business name for non-resident individuals, however they often request to meet the company director in person. Irish banks will also want to see company documentation including the Certificate of Incorporation. In certain cases, we can open a bank account remotely, without requiring clients to visit the bank.

Have any questions?

There is a dedicated team in our Head Office available to deal with your enquiries regarding any of our five offices.
We aim to respond to all enquiries within 24 hours.