company formation IRELAND
Company Formation in Ireland can be a complicated procedure, but it doesn’t have to be. We streamlined the process as much as possible and offer all our experience and talent in dealing with local authorities such as the Trade Register and the Fiscal Authorities.
In the following text, you will find key data and an executive summary to assess if the Republic of Ireland is the right place for your entrepreneurial aspirations:
What are the benefits of a Company Formation in the Ireland
- Corporate Tax Rate of 12,5% on profits
- 25% Dividend Withholding Tax Rate
- Limited Liability for the shareholder
- Progressive and politically stable european jurisdiction
- Lightening fast and affordable communication technology
- A very business friendly environment, also fiscally
- Affordable accounting and fiscal representation
- Access to funds from the EU and Ireland
Under these circumstances a steadily increasing number of companies sets up shop or branch in Ireland.
How much does it cost to form a company in Ireland?
We charge 699 € for a streamlined company formation in Ireland. This does not include the provision of a registered office, registered agent, notary, interpreter, translation or legalization fees. You can find our detailed fee schedule here:
Questions about doing business in Ireland
A company in Ireland can be formed by any person who exceeds the legal age of 18 years. Foreigners with or without residence in the Ireland can also form a company in Ireland, but it is necessary to prove the identity and residence of such an individual.
In order to form a company in Ireland it is necessary to file loads and loads of paper work, provide a registered office, name the shareholders and directors, proof their identity and residence, suggest and reserve company names, provide the share capital, describe the nature of business and submit all signed application documents to the trade register.
A notary appointment with a certified interpreter is not required and once the company is established, it’s time to register it for tax purpose and to appoint a legal representative for tax affairs, apply for the relevant tax numbers and open a business bank account with a reputable, stable bank.
- Proof of Identity (Passport Copy)
- Proof of Residence (Official Document confirming residence)
- Our filled and signed Order Form
- Proof of payment of our rendered fees
It is extremely fast. We form companies within 2-3 business days.
In case of a legal entity such as the Limited Liability Company (Limited) the following tax rates apply:
Corporate Income Tax
- 12,5 % on profits
Withholding Tax
- The Withholding Tax is 25% on dividends
Value Added Tax
- The VAT/TVA rate is currently 23%
The following taxes and contributions are relevant for employers in order to make decisions for wages and the individuals receiving a salary or being self-employed:
Individual Income Tax
- The income tax for individuals in Ireland can range from as little as 20% up to 40%
Social Security Contributions
The Social Security Contributions amount to 8% – 11,05%
As of 1.1.2023 the minimum wage per month in Ireland is currently 1.656 € per month.
A full-time employee is entitled to 20 days per year of paid leave.
Yes, you can be an employee of your own company, also as the director or in any other function.