How much does it cost to start a company in Ireland?
Price varies depending on the services you require, we always try to provide a competitive quote tailored to your individual needs. Contact us for more information on incorporating in Ireland and to learn more about the services we can offer your business.
What tax rate will apply to my business?
The corporate tax rate for a company in Ireland is currently 12.5%, among the lowest in Europe.
What identity documents will I need when setting up my Irish company?
Before a company registration can be completed, you will need to proof of identity (preferably passport) and two documents showing proof of address (bank statements, utility bills, tax documents) for the directors and shareholders of the new company
Can I open an Irish company bank account in Ireland as a non-resident?
Yes, Irish banks will open business accounts in your business name for non-resident individuals, however they often request to meet the company director in person. Irish banks will also want to see company documentation including the Certificate of Incorporation. In certain cases, we can open a bank account remotely, without requiring clients to visit the bank.
How long does it take to complete a company registration?
A company registration can normally be completed in 3-4 working days, from the date of receiving signed application documents.
Do I need to hold meetings (AGMs) in Ireland?
LTD companies may dispense with the requirement to hold an AGM provided members sign a written resolution dispensing with the AGM. If this option is not taken then a company should hold an AGM each year, with not more than 15 months elapsing between AGM’s.
What annual paperwork needs to be filed for my company?
All companies must file an annual return with the Companies Office at least once every calendar year. With the exception of the Company’s first Annual Return, Companies must attach a copy of their accounts to the annual return filed with the Companies Registration Office (CRO). The accounts attached to an annual return must be made up to a date which is not more than 9 months earlier than the effective date of the return. Nathan Trust can take care of annual returns for your Irish company.
Do I need to visit Ireland to incorporate an Irish company?
No, your physical presence is not required in Ireland in order to incorporate a company. Signed application and identity documents can be sent by post in advance of your company setup. However, we always like to invite our clients to Dublin or Cork to meet us where possible.
Do directors need to be resident in Ireland?
No, company directors do not need to be resident in Ireland. However, there is a requirement for at least one of the company directors to be EEA (European Economic Area) resident.
How many Directors do I need to register a company in Ireland?
Currently an Irish company registration requires just one director, with a separate person acting as Company Secretary.
Can anyone act as a Company Secretary?
Technically, yes, once they are 18 or over. There are no official educational requirements needed to act as Company Secretary, however it is important to note that Irish company directors have a duty to ensure that the Company Secretary has the skills and resources necessary to discharge his or her duties. It is common for company directors to employ the services of a professional company secretarial firm. Nathan Trust offers the service of a professional nominee Company Secretary.
What if I am not EEA Resident?
For those residing outside the EEA, there are two options. Either you can purchase a bond, which insures the company against fines for any offences under the Companies Act, this bond would need to be renewed every 2 years. The other option would be for the Irish company to appoint a non-executive or “nominee” director to the board to satisfy residency requirement.
What is a Company Secretary?
The Companies Act 2014 stipulates that every company must have a company secretary. As for their duties, the act states:
“The duties of the secretary of a company shall, without derogating from the secretary’s statutory and other legal duties, be such duties as are delegated to the secretary, from time to time, by the board of directors of the Company”.
These duties entail:
Co-signing the annual return with one of the director(s) of the company
Maintaining the statutory registers of the company
Maintaining up to date minute books of meetings of the Board and the AGM
Ensure that all filings made in the Companies Registration Office
The company secretary does not have voting rights at board meetings and cannot make any board level decisions, unless the company secretary is also a director.
How long does it take to setup a company in Ireland?
It usually takes between 3-5 days, once anti-money laundering (AML) checks have been completed. For AML we require the following:
- 1 * certified copy of Passport
- 2 * certified copy of utility bills. These need to be dated within the last 3 months.
- If the shareholder is a company, we will need to see the Cert of Incorporation. We need to identify the Ultimate Beneficial Owner is.
Do I need an address in Ireland?
Yes, all companies registered in Ireland must register with an Irish address, P.O box addresses are not permitted. This registered address does not need to be your trading address. Nathan Trust can provide your new Irish company with a registered address in Dublin or Cork.