Ireland is very open towards foreign investments, offering many incentives to businessmen wanting to open a branch office. Foreign entities deciding to establish branch offices in Ireland must do so according to the EU Regulations on Branch Disclosures in 1993 that establishes the registration of branch offices in the country.
Recently, the Companies Registration Office in Ireland has passed a law that simplifies and expedites the registration procedures for branch offices. For complete details about setting up branches it is best to request the services of our company formation representatives in Ireland.
Here is a simple scheme which illustrates the process of setting up a branch in Ireland:
In order to register a branch office in Ireland the following documents must be prepared:
The Irish branch must also have a registered office. All documentation must be submitted with the Irish Companies Registration Office within one month before branch registration. The registration of a branch office in Ireland may take up to 10 days.
Once the Irish branch has been registered with the Companies Registration Office it must also register for taxation purposes with the relevant tax authorities. Branch offices in Ireland are required to submit the annual accounting situation and audited reports of the parent company with the Companies Registration Office. For branch offices hiring personnel, registration for social security, pension fund and other insurances is required.
The video below shows you how to set up a branch office in Ireland: