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Ireland – Limited Company
  • Ireland is a highly developed jurisdiction, a member of the EU and of the Euro zone.
  • As recently as 1980, Ireland was ranked among the most economically backward European nations. However, in the last decades this jurisdiction has made considerable economic and technological progress, so that today it is well established as one of the leading nations in the EU in, inter alia, hi-tech and financial services sectors.
  • The two free zones operating in Ireland, namely the Shannon Free Zone and the International Financial Services Centre in Dublin, act as a strategic base for many foreign companies to enter into the EU market.
  • The non-resident company registration sector also played a significant role in the economy of Ireland, and was actively growing until 1999. However, within the context of tax harmonisaton in the EU, tax exemption for non-resident Irish companies was abolished in 1999.
  • Since 1999, Ireland remains an attractive jurisdiction for those wishing to use a prestigious company from an EU country with a relatively low level of taxation. The tax rate in Ireland since 2003 has been only 12,5 %, which is one of the lowest in the EU.

GENERAL INFORMATIONTotal area - 70,273 sq km
Population - 4,600,000
Location - click here to see the map of offshore jurisdictions
Political status - republic
Capital - Dublin
Official language - English, Irish
Official currency - Euro (EUR)
Time zone - GMT +/-0
Company typePrivate Limited Company (Ltd.)
Directors/OfficersIreland companies require a minimum of 2 Directors, who must be natural persons, considering that at least one of them must be a resident of EC country.
Each Ireland company must file a Register of its Directors with the Irish Companies Registration Office (CRO).
ShareholdersIreland companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction.
Each Ireland company must file a Register of its shareholder/s with the Irish Companies Registration Office (CRO).
SecretaryIreland companies require a minimum of 1 Secretary, who may be a natural person or a corporate body from any legal jurisdiction.
Each Ireland company must file information on its Secretary with theIrish Companies Registration Office (CRO).
Authorised share capital Standard authorised capital = EUR 10,000.
Minimum capital, which must be paid on incorporation = 1 EUR
Company Names The name of an Ireland Limited Company must end with the word "Limited" or the suffix "Ltd.".
Company names containing restricted words such as "Bank", "Insurance", "Assurance", "Building Society", "Asset Management" etc. will not be permitted unless an appropriate national operating licence has been obtained by the company.
Beneficial Ownership information Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.
Filing of Annual ReturnAn Annual Return must be submitted every 12 months after the date of registration.
Filing of Financial StatementsA Financial Statement must be submitted every year and must be sent to the Irish Tax Office as well as to Irish Companies Registration Office (CRO).
Corporate TaxationCorporate Tax rate in Ireland (since year 2003) is 12,5%.
Tax TreatiesIreland has concluded Double Tax treaties with more than 60 countries.
Timeframe for incorporation 10/12 working days. A complete set of company documents can be delivered in 7/8 weeks.
Takeover of management & secretarial services for an existing Irish companyPossible, following verification of Beneficial Ownership and agreement with and discharge of liabilities to previous corporate service provider in Ireland.
Description of incorporation documentsClick here for itemised description of company documents.
"Ready-made"("Shelf") companiesWe are happy to register new Irish companies in accordance with client instructions.
Price of Irish companyEUR 2,460, including incorporation costs, full domiciliary (Registered Agent/Office) costs, set of documents legalised by Apostille, including General Power of Attorney.
Cost of annual support servicesEUR 1,680 per year, including annual Government Duty, full domiciliary (Registered Agent/Office) costs, General Power of Attorney for current year.
Also, there are additional fees for preparing of financial statement, depending on complicity of the statement.
  • INTERNATIONAL OVERSEAS SERVICES has the following comments: -
  • Despite the termination of the regime of non-resident Irish companies in 1999, this jurisdiction continues to remain attractive to those who prefer to operate a prestigious European company in a moderate tax regime. An Irish company may serve as a prestigious and favourable corporate instrument to be used for solid investment and other projects.