• Company Formation in Ireland
• Corporate Tax in Ireland

Setting up a company in Ireland enables you to separate your personal assets from the company's, and separate liabilities. You want to start a Business in Ireland? Requirements for Company Formation:
 
1. Choose a Company Structure
 
Ireland offers several types of company structures, including:
- Private Company Limited by Shares (LTD): The most common type, suitable for most small to medium-sized businesses.
- Designated Activity Company (DAC): Similar to LTD but with specific objectives outlined in the constitution.
- Company Limited by Guarantee (CLG): Often used by non-profit organizations.
- Public Limited Company (PLC): Suitable for larger companies looking to raise capital through public shares.
- Sole Trader: An individual running their own business.
- Partnership: A business run by two or more individuals or entities.
 
2. Choose a Company Name
 
Ensure your company name is unique and adheres to the naming guidelines set by the Companies Registration Office (CRO). You can check the availability of your desired name on the CRO website.
 
3. Prepare the Necessary Documents
 
For an LTD, you typically need:
- Company Constitution: This document outlines the company’s structure and rules.
- Form A1: This form includes details about the company, such as the company name, registered office, directors, secretary, and shareholders.
 
4. Register the Company
 
Submit the necessary documents to the Companies Registration Office (CRO). This can be done online via the CRO website or by post.
 
5. Register for Taxes
 
Once your company is registered, you need to register for taxes with the Revenue Commissioners. This may include:
- Corporation Tax
- Value-Added Tax (VAT)
- Employer’s PAYE/PRSI (if you plan to hire employees)
 
6. Open a Business Bank Account
 
Open a business bank account in the company’s name. You'll need the certificate of incorporation and the company’s constitution.
 
7. Comply with Ongoing Requirements
 
After incorporation, your company must comply with ongoing legal requirements, such as:
- Filing annual returns with the CRO.
- Maintaining proper accounting records and filing annual financial statements.
- Holding annual general meetings (AGMs) for certain types of companies.
- Ensuring compliance with tax regulations.
 
Directors and Secretary
 
- Directors: A private company must have at least one director who is a resident of the European Economic Area (EEA). If none of the directors are EEA residents, you may need to take out a Section 137 Non-EEA Resident Director Bond. - Company Secretary: An LTD must appoint a company secretary who ensures that the company complies with its statutory obligations.
 
Registered Office
 
- Your company must have a registered office in Ireland, which will be the official address for receiving correspondence from the CRO and other authorities.
 
Corporation Tax in Ireland
 
In Ireland, the corporation tax system targets the profits of companies with two primary rates:
 
1. Standard rate: A 12.5% tax rate, which is among the lowest in Europe, designed to entice business establishment and investment.
2. Higher rate: A 25% tax rate applies to passive income, including investments and rental earnings.
 
To eliminate barriers to trade and open business, our legal fees for setting up a company in Ireland are set at just 500 Euro including all registration fees, tax registration and compnamy seal, excluding registered office. The fees for a registered office in Ireland starting from 450 Euro per year.

Due to the complicated nature of taxation, it is crucial that you understand the taxation criteria and how it will impact your plan as a whole. Establishing a business requires careful planning. Working with our experts can help streamline this process, providing valuable insights and tailored strategies to ensure successful outcome. Don’t hesitate any longer. Apply to become a client today to work with our experts on legal strategies to overcome barriers.
 

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