Company registration in Ireland

Registration fee is from 3900 €

Registration period — 2 weeks

Minimum authorized capital - 1 EUR

Remote opening — yes

Financial statements — yes

The Republic of Ireland is an independent state in Northern Europe, occupying most of the island of Ireland. The capital is Dublin. Ireland has been a member of the European Union since 1973 and of the UN since 1955.

Maira Consult recommends companies registered in Ireland primarily for international trade and IT development.

Why register a company in Ireland

Ireland maintains one of the lowest corporate tax rates in the EU, 12.5% on trading profit, which makes the jurisdiction attractive to technology, trading, and export-oriented companies. An English-speaking environment, access to the EU single market, and a network of more than 70 double taxation treaties further reduce barriers to international business. Company registration in Ireland is carried out entirely remotely, without the need for a personal visit.

Irish legislation allows for two main types of companies that are of the greatest interest to foreign investors: a private limited company (LTD) and a limited partnership (LP).

Registering a partnership in Ireland

  • A partnership in Ireland, a Limited Partnership (LP), is a unique business structuring tool that can be an interesting alternative to English and Scottish companies. An LP is not a legal entity, and the owners of the LP's assets are its founders (partners).

  • The advantage of an Irish LP is that the company can operate with both EU countries and the United Kingdom in a virtually tax-free regime (similar to offshore companies), provided that the company's partners are not residents of Ireland and the partnership has no activity within Ireland.

  • An Irish LP must be founded by at least 2 partners, who may be either individuals or legal entities. One of the partners must be appointed general partner, who bears unlimited liability for the LP's obligations and manages the partnership, while the limited partner is liable for the LP's obligations only to the extent of their contribution to the partnership and does not take part in managing the company.

  • An LP does not have a director; the company is managed by the general partner. Registering and running a partnership usually requires a registered office/representative in Ireland; the specific requirements are clarified at the document preparation stage, depending on the partnership's structure.

  • Provided there is no business activity on the territory of Ireland or with Irish residents, and provided the LP's partners are located outside Ireland, the LP company has no obligation to file an annual financial report. Non-resident LP companies (partnerships) are required to file an annual zero tax return.

Taxes of an LP company in Ireland.

  • If the LP's members are not tax residents of Ireland, have no permanent establishment in Ireland, and receive no income from Ireland, the LP company is formally not a separate legal entity and is not subject to taxation. Income tax is paid by the partners, in whose interest this profit is distributed, in their countries of tax residency.

  • Since LP companies are not legal entities, information about the beneficiary does not need to be submitted to the central register. Information about the beneficiary is not publicly available.

Company registration in Ireland through Maira Consult is carried out entirely remotely and takes up to 10 business days after the documents are submitted. We support the entire process, from choosing between an LTD and an LP to opening an account with an Irish bank: submit a request, and a specialist will calculate the cost for your business structure.

Ireland advantages

1

Irish LPs are not subject to taxation

2

Access to the EU single market and an English-speaking environment for international business

3

One of the lowest corporate tax rates in the EU

4

More than 70 double taxation avoidance agreements

General Information

Registration Features

In Ireland, one of the lowest corporate tax rates in the EU applies to trading LTD companies: 12.5%.

Company Name

The company name must end with a word, phrase, or abbreviation indicating the company's limited liability (LTD, Limited).

Authorized Capital

For an LTD company, the minimum share capital is EUR 1.

Director

For an LTD company, a minimum of one individual, resident in Ireland or the EU, is required. A nominee service may be used. If the company has only one director, a local secretary must be appointed to be responsible for the company's register. The sole director of an Irish company and the secretary cannot be the same person.

Shareholders

For an LTD company, a minimum of one individual or legal entity is required, with no residency requirements.

Financial Reporting

LTD companies are required to prepare and file an annual financial and tax report. The tax period for Irish companies is 12 months. All companies must file an annual return. The first such return is filed 6 months after the company's incorporation.

Taxation

Ireland has two independent corporate tax rates:

  1. A rate of 12.5% on income from commercial activities (applied to trading companies and all types of "trading profit," as well as manufacturing companies dealing in finished products and goods).
  2. A rate of 25% on income from commercial activities involving intermediary services, as well as for holding and investment structures.

The standard VAT rate is 23%. The obligation to register as a VAT payer arises only if the annual turnover of the Irish LTD company exceeds EUR 85,000 for taxable goods, or EUR 42,500 for taxable services.

Confidentiality

The state register is open. Information about the director, shareholder, and the amount of the company's share capital is publicly available. Information about the beneficial owner is kept in a separate register (RBO).

Stages of company registration

01

Choosing the name and form of the company

To register a company in Ireland, it is first necessary to check the company name in the state register.

02

Preparation and collection of documents

Each participant of the company must provide KYC documents (passport, proof of residential address, i.e. a utility bill, and a CV) along with a detailed description of the company's activities.

03

Identification of company participants

Registering a company in Ireland is a fully remote procedure. The participants' documents are either notarized or verified through online identification.

04

Formation of the share capital (if necessary)

There are no requirements for paying up the share capital of an Irish LTD company. If needed, the share capital can be formed after the company is registered in Ireland.

05

Company registration

The company registration process in Ireland generally takes up to 10 business days from the date the required set of documents is received, depending on the registry's workload.

06

Receiving of corporate documents

Once the company in Ireland is registered, the registry issues the finished corporate documents with the relevant markings.

07

Legalization of documents (if necessary)

If needed, the Irish company's documents can be submitted for legalization and apostille.

08

Delivery of corporate documents

The original corporate documents of the Irish company are sent by courier service.

Answers to the Most Common Questions:

To register a company in Ireland, you must choose a unique name, determine the legal structure (for example, LTD or LP), prepare the incorporation documents, appoint at least one director (for an LTD) or two partners (for an LP), register a legal address, and file the documents with the Companies Registration Office of Ireland. The process can be completed remotely.
Registering a company in Ireland takes about two weeks from the moment all the required documents are submitted.
The cost of registering a company in Ireland starts at 3,900 euros, including document preparation, the state fee, and support throughout the registration process.
A Company Limited by Guarantee in Ireland is a structure in which members are liable only up to the amount they have agreed to contribute in the event the business is liquidated. Such companies are often used for non-profit purposes.
Ireland has two corporate tax rates: 12.5% on income from trading activities and 25% on income from non-trading activities.
No, Ireland is not an offshore zone. It offers favorable tax conditions for business but requires compliance with strict reporting and auditing rules.
Yes, the process of registering a company in Ireland can be completed online, which simplifies the procedure for foreign investors.
Licensing and insurance requirements depend on the type of business activity. Some sectors require mandatory licenses and insurance coverage.
Companies in Ireland are required to undergo an annual audit if they exceed two of the following three criteria: turnover above 15 million euros, balance sheet total above 7.5 million euros, and more than 50 employees. Small businesses may be exempt from mandatory audit.

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