Company Formation in Ireland

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

Formation Requirements

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

Company Formation

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.

Order Now

Use our online order form to instruct us to form a company in Southern Ireland, which will request all the required information.