Company Formation in Ireland: What are the benefits?
Many new start-ups are choosing Ireland as their destination for incorporation as an alternative to the UK, to continue free trade with the EU following Brexit. There are also a number of additional benefits, some of which are listed below:
- Low corporation tax: Ireland’s corporate tax is set at 12.5%
- English speaking jurisdiction
- Ireland is ranked highly in the list of jurisdictions easiest to do business
The requirements for a company formation in Ireland are very similar to the UK. However, if you are a non-resident you will be required to put in place a Section 137 Bond, which acts as security.
- Company name – must be descriptive
- Business activity – similar to the SIC code in the UK
- Registered office – must be in Ireland
- Minimum of one director – must be from an EEA member state (unless a security bond is in place)
- Company secretary – where the company has only one director, that person may not hold the position of company secretary
- Shareholder(s) – minimum of one who can also be the sole director
- Constitution – similar to the articles of association in the UK
- Beneficial owners – similar to the Persons with Significant Control in the UK. The beneficial owners are entered on a separate register
- Documents must be signed and delivered to the registry in paper format
- Incorporation takes 2-5 business days
How We Can Help
First Corporate can assist with the formation of a Southern Irish Company, from £350.00 + VAT. You also have the option to add additional services such as a registered office and security bond for non-residents. Please click ‘Order Now’ below to complete our order form.
Use our online order form to instruct us to form a company in Southern Ireland, which will request all the required information.