Company Formation in Ireland

Ireland is a good destination to set-up your company to cater to the large EU Market. YourGlobalPro can assist in Ireland for Company Formation, Secretarial Compliance, Tax Registration, VAT Reclaim, Document Retrieval, Trademark Registration and Citizenship Services.

About the Country

Ireland is an island in the North Atlantic -separated from Great Britain to its east by the North Channel, the Irish Sea, and St George’s Channel. It is second-largest island of the British Isles, the third-largest in Europe, and the twentieth-largest on Earth. The below content will explain you in detail about the requirements for the company formation in Ireland, know more about the process of trademark registration in Ireland and understand the Ireland Legal and Compliance requirements.


Doing Business Introduction

The Country’s’ economy is considered to have the most rapid growth of the EU and OECD states. It is the UK’s largest export market in food and drink, and second largest market in clothing, fashion and footwear. Some of the top largest companies in the global technology, pharmaceutical, biosciences, manufacturing and financial services industries have their place of business in Ireland.

As per Doing business report of The World Bank –Ireland ranks 18 for 2017 survey. YourGlobalPro professionals are able to assist with any type of company formation in Ireland, trademark registration in Ireland and other recurring services for your business in Ireland.

Incorporation - Types of Business Entities

There are different types of entities that can be incorporated in Ireland are as mentioned below:

  • A Public Limited Liability Company (suffix PLC & must be at least 7 shareholders)
  • A Private Limited Liability Company (suffix LTD. and have minimum 1 shareholder and maximum number of shareholders – 50)

Time frame for Incorporation of Company in Ireland varies from depending on the type of entity selected. Each business type has its own advantages and disadvantages. YourGlobalPro estimates the time required for the process of Company formation in Ireland to be completed is 5-7 working days.

Benefits of Registration of a Company

Ireland is ranked Ireland one of the best countries in the world for business. Below are the advantages of company formation in Ireland:

  • Low corporate tax rate
  • Regulatory, economic and people infrastructure of a highly-developed
  • English-speaking jurisdiction in the Eurozone
  • Legal system that is broadly similar to the US and the UK systems
  • Double tax treaty network, with over 70 countries
  • Refundable tax credit in case of research and development activity and other incentives from Government

Tax Registration and Filing

All companies registered or having place of business in Ireland are subject to corporation tax on its worldwide profits (income plus capital gains).

Corporate Income Tax Rate 5%
Capital Gains Tax Rate 33%
Branch Tax Rate 12.5%
Value-added tax 23%
Withholding Tax on Dividends, Interest, Royalties 20%
Branch Remittance Tax 0%
Corporation Tax. Must do Self-Assessment
Preliminary Tax Paid in two installments
Corporation Tax Returns and Payments To be done electronically via Revenue Online Service
Corporate Gain Tax (CGT) To report and pay

Double Tax Treaty

Double Tax Agreements regulates the tax treatment of income or capital gains in situations where the same taxpayer is taxed twice in two countries for the same subject. Ireland has double taxation treaties with over 65 countries.

Trademark registration

For trademark registration in Ireland application needs to be made to Patents Office. It takes approximately 12-14 months’ timeframe to complete the trademark registration process in Ireland.

In Ireland, a Trademark Registration is valid for 10 years from the application date and not earlier than six months and not later than one month before the renewal due date for further period of 10 years.

YourGlobalPro professionals are fully equipped to assist you with the trade mark registration process for your business in Ireland. For assistance or advice in the matter of the trademark registration in Ireland or intellectual property – please feel free to write or contact us.

Secretarial Compliance

Below are some of the important points in relation to Company Secretarial Compliance in Ireland:

  • All companies must have registered office
  • Required to have Board meeting related compliance
  • All limited company is bound to file a return of details of its shareholders and directors within 6 months of its date of incorporation at the Companies Registration Office
  • After Annual Return the Company need to file a set of accounts every 12 months after this date
  • General compliance in reference to the event based alteration in the Company with Companies Registration Office

Accounting Services

In Ireland, International Financial Reporting Standards published by the International Accounting Standards Board (IASB). It is duties of the Director to get financial statements for the company prepared in respect of each financial year which give a true and fair view.

YourGlobalPro professionals can assist you with the entire bookkeeping and accounting services for your Ireland Business Set up as per your business needs including implementation of financial accounting software, accounting records preparation and time to time preparation of budgets, forecasts.

Auditing service

In Ireland, for all limited companies which cannot avail of audit exemption, udit of the annual financial statements is a statutory requirement.

Based on the size of the business – the companies are required to prepare and file financial statements with the Authority. YourGlobalPro professionals provide you auditing services for your business as required by your business.


It is very simple process to open Bank Account in Ireland. The documentation requirement differs from Bank to Bank and need to be complied for the Bank account opening. It is recommended to compare commission rates for money transfer to and from Ireland in order to select Bank.

YourGlobalPro professionals can facilitate all the documentation work in relation to banking need and can assist you in opening bank account for your business plan in Ireland.

Legal and Compliance

In Ireland, the responsibility of legal compliance is not a one-time affair, but a continuous process. Below is the various Ireland legal and compliance requirement to be followed by incorporated entities:

  • Under limited circumstances at the discretion of the Minister for Finance Foreign-exchange controls are imposed
  • Transfer-pricing legislation are effective to any arrangement between associated enterprises if the transaction meets the definition of an Irish trading transaction for one or both of the parties.
  • All companies are required to register with the Office of the Revenue Commissioners for various taxes.
  • Also, the companies are required to submit various returns with Irish Revenue during the year at various times in relation to withholding tax, dividend income, corporation tax, VAT, employer taxes and social security returns.
  • Any company having delivered services in excess of €37,500 in a 12 month period required to register for vat.

YourGlobalPro professionals can assist you on Ireland Legal and compliance requirements.

HR and Employment Law and Immigration / VISA

Below are some of the important points in relation to HR & employment law in Ireland:

  • Foreign Resident are required to obtain work permit to work in Ireland and granted for a maximum of one year with option of extension.
  • Any Residents of the EU do not require a visa for entering the Ireland
  • Employees of multi-national companies who come for up to 4 years are mandatorily required to have a letter from the company administration.
  • The National of any EEA state or Switzerland may work in another member state without a work permit
  • As per the he Terms of Employment (Information) Act 1994 and 2001, the Employer is obliged to provide an employee with a statement containing the basic terms of the contract of employment.
  • Minimum rate of pay set at Euro €8.65 per hour.
  • Ministerial Codes of Practice to be adhered for disciplinary procedures, grievance procedures and dispute resolution
  • The employment legislation in Ireland is aimed at providing protection for employees rather than employers.
  • All the companies are required to pay a mandatory a contribution of 0.7% of employees’ earnings to the National Training Fund.

Country Statistics

Largest City Dublin
Total Area 84,421 Sq. Km.
Population 6,378,000
Density 73.4 / Sq. Km.
Currency EURO
Government Parliamentary Democracy based on the British Model
Official Language English is Official Language, Irish, Ulster Scots
Religion 93% are Roman Catholic and approximately 3% are Anglican
Business Offices Hours Mondays to Fridays: 09:00 - 16:00
Banks and Exchange Houses Hours Mondays - Fridays: 10:00 - 16:00 (in the main cities, banks stay open one day a week until 17:00)

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