Republic of Ireland Limited Company

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Why register a company in Republic of Ireland ? (click here to show/hide details)

Republic of Ireland (also known as South Ireland) - is one of the most prestige low tax jurisdictions. It is becoming more and more popular especially over the last few years when governments of many countries put limitations for transactions and business with offshore zones and jurisdictions.

Ireland has signed comprehensive double taxation agreements with 56 countries, of which 48 are in effect. The agreements cover direct taxes, which in the case of Ireland are income tax, corporation tax and capital gains tax.

Where a double taxation agreement does not exist with a particular country there are provisions in the Irish Taxes Consolidation Acts (TCA) 1997 which allow unilateral relief against double taxation in respect of certain types of income. The principal provisions granting unilateral relief are as follows:

Dividends from foreign subsidiaries:

credit for withholding tax on dividend payments and for foreign tax paid on the underlying profits out of which the dividends were paid (paragraph 9A and B of Schedule 24 TCA 1997)
pooling and carry-forward of excess foreign tax credits (paragraph 9E of Schedule 24 TCA 1997)
credit for foreign tax on dividends paid by a foreign company that is a member of a group that paid tax on a consolidated basis (paragraph 9G of Schedule 24 TCA 1997)

Foreign branch profits:

credit for foreign tax paid by an Irish company on profits of a foreign branch (paragraph 9DA of Schedule 24 TCA 1997)
pooling of excess foreign branch tax credits (paragraph 9FA of Schedule 24 TCA 1997)

Foreign interest treated as trading income of the company that receives it:

credit for foreign tax (paragraph 9D of Schedule 24 TCA 1997)
pooling of excess foreign tax credits in respect of interest received from associated companies in countries with which Ireland has a double taxation agreement (paragraph 9F of Schedule 24 TCA 1997)

Capital gains on foreign assets:

credit for foreign tax paid on capital gains in countries with which Ireland has a double taxation agreement but where the tax treaty with that country does not cover capital gains tax – Belgium, Cyprus, France, Germany, Italy, Japan, Luxembourg, Netherlands, Pakistan and Zambia (paragraph 9FB of Schedule 24 TCA 1997)
exemption from tax of capital gains from disposal of shares in foreign trading subsidiary companies resident in an EU or Irish tax agreement country (section 626B TCA 1997)

There are also reliefs granted under the EU "Parent-Subsidiaries Directive" (90/435/EEC) (section 831 TCA 1997), the EU "Interest and Royalties Directive" (2003/49/EC)(section 267G-L TCA 1997), the "EU Mergers Directive" (90/434/EEC) (sections 630-638 TCA 1997) and the EU Arbitration Convention (European Communities Mutual Assistance in the Field of Direct Taxation Regulations 1978) (S.I. 334 of 1978).

Registration of Republic of Ireland Limited Company

(South Ireland Limited Company)

What we need from you to register a company ?

details of at least One Shareholder (natural person)
details of at least Two Director (natural persons)
details of at least One Secretary (can be one of Directors)

** Registration address can be supplied by us for additional charge. Please, specify in the order form at a time or placing an order.

*** For additional charge you may appoint appoint our Nominee Director or/and Shareholder. Please, specify in the order form if you need nominees.

£825

What you get for the above price

This package includes the following:

Certificate of Incorporation
Memorandum and Articles of Association (two copies)
Minutes of the first meeting of Directors
Share Certificates
Combined Register of members

Additional services and documents may be ordered too (including Registration Address, Nominee Director and Nominee Shareholder). Please, specify on the order form.

Annual Renewal

Every year you have to renew your company to continue trading and to keep your company in Good Standing.

The cost of Annual Renewal is 650 GBP + Annual Accounts (depending on number of transactions, starting from 1'200 for a small company) and includes:

Registered address for the next 1 year
Annual Return

Additional Charges

If you ordered Nominee services, these have to be also paid for according to your original order.

Directors' requirements >>> IMPORTANT !!! <<<

At least one of the Directors of the company should be residents of the European Union otherwise a bond required to cover possible losses due to non-compliance to local regulations.

If non of your directors reside in European Union then, please, specify in the order form that you require to purchase a bond.

Advantages of companies in Republic of Ireland

Moderate formation requirements

Minimum two Directors, one Secretary (who can be one of the Directors) and one Shareholder required to form a company. The same person can be both Director, Shareholder and Secretary

Time scale

Incorporation in Republic of Ireland takes only few days from receipt of the documents and you'll receive paper copies of Certificate of Incorporation and other company documents as above.

Taxation

Republic of Ireland is not a tax free zone. There is a corporation tax of 12.5% which makes Ireland rather a "low tax" zone. However, one of the biggest benefits of Irish company compared to Offshore ones is that Irish company accesses double taxation treaties with more than 40 countries in the world.

Click on "Why register a company in Republic of Ireland (South Irelad)" on top of this page to find out more about Tax Treaties with Ireland and other tax excemption rules.

Also, Republic of Ireland is considered to be one of the most prestige jurisdictions in the world especially over the last few yeras. Therefore many large and medium size companies moved their businesses completely to Republic of Ireland.

Registration requirement

Before submitting documents to company register in Ireland, it has to be signed in front of public notary in Republic of Ireland. However, this can be avoided by appointing our own Nominee Secretatry who will sign documents for you and then resign after registration is complete.

Cost effective

Incorporation cost is one of the most competitive compared to other offshore jurisdictions.

Paid up capital is not required

Company in Republic of Ireland is not required to have paid-up capital in order to start its business operations. Any amount of authorized capital can be stated in company formation documents, as per equirements of the owners.

What it costs

Registration of a company itself costs 275 GBP. Depending on what other services you require, the overal cost may differ. Our prices are all inclusive of any taxes and fees and there are no hidden charges. Summery of our prices is on the right hand side, however please read through the order form carefully to make sure you pick everything you need.

What you get.

The following documents will be sent to you by courier post:

Certificate of Incorporation
Memorandum and Articles of Association
Minutes of the first meeting of Directors
Share Certificates and Register of Members

When you order nominee services you also get:

Power of Attorney from nominee director/shareholder
Indemnity form
Nominee services agreement

Certified and Appostiled documents

If you require Certificate of Incorporation to be apostilled, please, specify it on the order form at a time of the order to avoid delays in future. You may, however order appostiled copied of any of your company documents any time after registration of the company.

About Nominee services

Nominee shareholder and nominee director services also available if required. Please, specify on the order form if you require any of these.

Due Diligence (click here to read)