Company Formation Ireland

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Updated on Monday 09th May 2016

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FAQDo you want to open a company in Ireland? Our experts in company formation in Ireland are here to offer answers to the most frequently asked questions regarding opening a business.

 

1.Why should I invest in Ireland?

Currently, Ireland is one of the most sought destinations in Europe by foreign investors. Considering the developed infrastructure and modern legislation, Ireland has become one of the best countries to open a company in the European Union.

2.Who can start a company in Ireland?

Anyone can start a business in Ireland, provided that they comply with the requirements of the new Company Act.

3.Does the company have to be registered in Ireland?

Yes, the company must have a registered address in Ireland. Foreign companies can also open branch offices in Ireland.

4.What are the steps for company incorporation in Ireland?

The company registration procedure in Ireland is quite simple: you must reserve the company name with the Irish Companies Registration Office and then submit the required documents. Our specialists in company incorporation in Ireland can handle the procedure on your behalf.

5.How can I open a bank account in Ireland?

Foreign citizens are allowed to open bank accounts in Ireland based on their passports and proof of residential address. However, each bank has its own regulation which is why it best to verify what these are.          

6.What is the minimum share capital in Ireland?

The new Irish Commercial Code no longer requires a minimum share capital for a private limited liability company which is the most employed type of business entity in the country.        

7.What are the documents required for company incorporation in Ireland?

The most important documents for opening a company in Ireland are the Memorandum and Articles of Association of the company. The founders must also submit copies after the passports of the shareholders, directors and secretary.

8.How long does it take to register a company in Ireland?

The company registration procedure in Ireland takes around five days to be completed.

9.Do I need special permits and licenses in Ireland?

Most types of business activities do not require special licenses. However, companies selling alcohol, restaurants, oil and gas companies require special permits from the relevant authorities.            

10.What are the taxes that I have to pay in Ireland?

Ireland has a very advantageous taxation system. Individuals are taxed at a standard rate of 20%, while companies benefit from one of the lowest corporate taxes in Europe of 12.5%.

If you need assistance in opening a business in Ireland, do not hesitate to contact our consultants in company incorporation.

 

 

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