Registration fee is from 2300 €
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, located on most of the island of Ireland. The capital is the city of Dublin. Ireland has been a member of the European Union since 1973 and the United Nations since 1955.
Maira Consult recommends using companies registered in Ireland primarily for international trade and IT development.
Irish law allows to distinguish two main types of companies that are attractive to foreign investors - a limited liability company (LTD) and a limited partnership (LP).
Registration of a partnership in Ireland
A partnership in Ireland - Limited Partnership (LP) - is a unique business organisation tool that can be an interesting alternative to English and Scottish companies. An LP company is not a legal entity and the owners of LP assets are the founders (partners).
The advantage of an Irish LP is the possibility to conduct business with both EU countries and the UK, practically tax-free (similar to offshore companies), in the case if the company's partners are not residents of Ireland and the partnership does not have any activities within Ireland.
The founders of an Irish LP partnership must be at least 2 partners, who can be individuals or legal entities. One of the partners must be appointed as the general partner, who is unlimitedly liable for the LP's obligations and manages the partnership, and the limited partner is liable for the LP's obligations by his contribution to the partnership and does not participate in the management of the company.
An LP company does not have a director; the company is managed by a general partner. It is obligatory to appoint a local secretary. LP company is not obliged to submit an annual financial report, if there is no business activity in Ireland, no Irish counterparties, and the LP partners are located outside Ireland. Non-resident LP companies (partnerships) are required to file an annual zero tax return.
Taxes of an LP company in Ireland.
If the LP partners are not Irish tax residents, do not have a permanent establishment in Ireland and do not receive income from Ireland, the LP company is not formally a separate legal entity and is not a taxable entity. Income tax is paid by the partners in whose interests the income is distributed in the countries of their tax residence.
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.
Our specialists know how to register a company in Ireland and provide you with highly qualified service and advise you on all issues.
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Irish LP are not subject to taxation
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One of the top 5 countries for international trade
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One of the lowest corporate tax rates in the EU
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More than 70 agreements on avoidance of double taxation
Ireland has one of the lowest corporate tax rates in the EU for trading companies LTD - 12.5%.
The name of the company must end with a word, phrase or abbreviation that indicates the limited liability of the company (LTD, Limited).
For an LTD company, the minimum share capital is 1 EUR.
For an LTD company, at least one individual, resident of Ireland or the EU is required. It is possible to use a nominee service. If the company has only one director, it is necessary to appoint a local secretary who will be responsible for the company's register. The sole director of an Irish company and the secretary cannot be the same person.
For an LTD company, at least one individual or legal entity is required, there are no residency requirements.
LTD companies are required to maintain and submit annual financial and tax reports. The tax period for Irish companies is 12 months. All companies must file an annual return. The first such report is submitted 6 months after the company's incorporation.
Ireland has two independent corporate tax rates: 1. 12.5% rate on income from commercial activities (applicable to trading companies and all types of "trading profits", for manufacturing companies dealing with finished goods and commodities). 2. 25% rate on income from commercial activities for 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 an Irish LTD company for taxable goods exceeds EUR 75,000 and for taxable services - EUR 37,500.
The state register is open. The information about the director, shareholder, and the size of the company's share capital is publicly available. Information about the beneficiary is kept in a separate register (RBO).
To register a company in Ireland, you must first check the name of the company in the public register.
Each member of the company must provide with KYC documents (passport, proof of residence - utility bill, CV) and a detailed description of the company's activities.
Company registration in Ireland is a fully remote procedure. The documents of the shareholders are certified by a notary or online identification is carried out.
There are no requirements for payment of the authorized capital of an Irish LTD company. If necessary, the share capital is formed after the company is registered in Ireland.
The process of registering a company in Ireland generally takes up to 10 working days from the date of receipt of the required set of documents, and depending on the workload of the register.
As soon as a company is incorporated in Ireland, the registry issues ready-made corporate documents with the appropriate stamps.
If necessary, the documents of an Irish company are submitted for legalisation and apostillisation.
Originals of corporate documents of an Irish company are sent by courier service.
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