Irish Company Formation

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Introduction to Company Incorporation Ireland

Ireland may be a small country but it has always been a haven for foreign investment. The Irish economy has for some time been fuelled by foreign investment, low corporate tax and a liberal approach to trade. Generous investment incentives complete an attractive Irish company formation package. No wonder that thousands of foreign investors have chosen to open a company in Ireland, especially, despite the harsh economic climate, the fact that the 0% Corporation tax offer is still available – contact us to find out how you can open one too.

The Benefits of Irish Company Formation

• Low corporate taxes with a universal rate of 12.5% on trading profits (0% until 2014 for some companies which meet certain conditions)

• Extensive network of over 50 Double Taxation Treaties including the United States. Agency Agreements can be used also.

• Ireland has an excellent international corporate image. Excellent Holding Company Regime (see below)

• Ireland is ranked third in Europe (seventh in the world) by the World Bank in 2010 in terms of ease of doing business

• Only fully English-speaking jurisdiction in the Eurozone, committed European Union and EEA Member.

• Europe's premier corporate domicile for multinational inward investment.

• Excellent telecommunications infrastructure.

• Low capitalisation costs when compared with most EU jurisdictions.

• Ideal for international Joint Ventures where participants wish to incorporate in a neutral state

Are there other reasons to open a company in Ireland?

There are plenty. Geography to start with – Ireland is perfectly positioned as a trade bridge between Europe and the United States. Secondly, it is a global e-commerce hub, boasting a truly world-class telecommunications network. Above all, it has a particularly beneficial tax environment with corporation tax fixed at 12.5% on all trading income, whether manufacturing or otherwise. If you need advice on tax planning in Ireland we can put you in touch with our team of local specialists.

Irish company formation. What are the main types of company incorporation Ireland?

There are four major kinds of Irish company registration, and they are as follows:

• Private limited company (Ltd)

• Public limited company (PLC)

• Partnerships

• Branches

Speak to one of our Irish company registration, they're here to help you...

What are the main features of company incorporation Ireland with a private limited company?

• Most popular format for foreign investors

• NO minimum threshold of share capital

• Two directors and company secretary required

•  One director to be a EEA resident

• Specialist audited accounts to be filed annually

Our Irish company formation specialists are available to answer any questions you have

What are the main features of a PLC?

•  The minimum share capital for a PLC is €38,092

• At least 25% of the authorised share capital must be paid up

•  Minimum of seven shareholders required

• Audited accounts to be filed annually

What are the main features of a partnership?

• Available as a general, limited or investment limited partnership

•  General partnerships have unlimited liability

• Limited partnerships have limited liability

Irish Incorporation investment limited partnerships allow for double tax relief

What are the main features of a branch?

• Foreign parent responsible for all liabilities of Irish branch

•  Branch required to register with Registrar of Companies

• Minimum of two directors; accounts to be filed annually

Company Incorporation Ireland

How easy is it to recruit staff in Ireland?

Ireland has a well educated and motivated workforce but the economic boom has resulted in very high employment levels, particularly in electronics and IT. This poses a challenge for companies considering Irish company formation. There is a thriving recruitment sector, however, and we will be happy to help if you require advice on this – contact us.

What is the regulatory environment like for those considering Irish company formation?

Ireland's rapid economic growth has prompted the government to streamline its regulatory infrastructure. Financial controls are now the responsibility of a single body, the Irish Financial Services Regulatory Authority. The overall regime is relaxed. There are no general restrictions to foreign ownership, capital and dividends can be freely repatriated and Ireland has bilateral tax treaties with many countries.

Are there company incorporation Ireland, financial incentives available?

The Irish authorities, in coordination with the EU, offer a broad range of incentives for international investors considering Irish company registration, including the following:

• Capital grants towards the cost of land, buildings, plant and equipment

•  Employment and training grants to promote job creation

• Research and development grants

And what about banking facilities?

Ireland is emerging as a major international banking centre in its own right. The main national clearing banks offer a full range of services, including foreign exchange and hedging, while many international banks are represented here for commercial lending and foreign exchange facilities. Opening a bank account is just about the first step you will need to take if you wish to open a company in Ireland, and we will be happy to help you with this.

To talk to a Ireland formation specialist call us on +44 (0)208 421 7470, speak to us live on Live chat which you can see on the right hand side, or simply fill in your enquiry below and we'll get back to you.