The Republic of Ireland has often been in the shadow of its large neighbor – Great Britain. But in terms of doing business, this country is in no way inferior to the English state. Company registration in Ireland is a great opportunity to enjoy the benefits of loyal legislation and the European market.
How much does it cost to establish a company in Ireland?
The cost of the company establishment in Ireland from the Lawrange team is 2350 euros. The price includes the following services:
- purchase of a ready-made business or registration of a new enterprise;
- lease of a legal address;
- agency service;
- preparation of the necessary documentation;
- appointment of a nominee director and shareholder (upon request).
As additional services you can order:
- drawing up a Good Standing Certificate with an apostille – 300 euros;
- drawing up a Certificate of Incumbency with an apostille – 300 euros;
- drawing up a Certificate of Good Standing without an apostille – 200 euros;
- drawing up a Certificate of Incumbency without an apostille – 200 euros;
- hiring a courier – 90 euros;
- preparation of an additional power of attorney – 400 euros;
- signing of documentation – from 65 to 150 euros.
As a result of company registration in Ireland from Lawrange, you receive a Certificate of Incorporation, Articles of Association, Minutes of Establishment, Declaration of Trust, Share Certificate and seal. In other words, all the necessary documentation for the enterprise.
The term of the registration procedure is up to 10 working days. When purchasing a ready-made enterprise, the period is reduced to 4 working days.
Features of registering a company in Ireland
In Irish jurisdiction, the legal form of LP is extremely popular – a partnership with limited liability. There are no requirements for authorized capital or licensing for this type of business. The only caveat is the presence of two partners, one of which is a resident of the European Economic Area (nominal director).
Information about LP beneficiaries is public – it is stored in a special register, which anyone can see. At the same time, meetings of shareholders and management can be held from anywhere in the world.
The reporting requirements deserve special attention. For individual business owners, there is no need to draw up reporting documentation. This obligation exists only in relation to legal entities.
What taxes do businesses pay in Ireland?
Irish jurisdiction obliges to pay the following taxes:
- corporate – 12.5%. For non-trade enterprises, the rate is 25%;
- for dividends – 0%;
- for capital gains – 33%;
- VAT within the country – 23%.
Thus, the tax burden in the jurisdiction is average for Europe. However, it is worth noting that the state provides a large number of benefits for foreign businesses (often Ireland is even included in the list of offshore zones, but in fact it is an official onshore zone). The country’s tax incentive system is one of the most advanced in the world, so company formation in Ireland is often more profitable than other options.
What do you need to register a company in Ireland?
In order to register a company in Ireland, you must provide 3 options for the name of the future organization, a copy of the passport of the founder and director, and issue a power of attorney for a Lawrange representative. We prepare the rest of the documentation ourselves.
Strengths of Irish jurisdiction
Business in the country enjoys the following benefits:
- access to the European market;
- minimal competition (compared to neighboring Great Britain);
- loyal legislation;
- freedom of enterprise. Minimum licensing and reporting requirements.
Company registration in Ireland is your opportunity to get all the benefits of the EU market, but at the same time be free from reporting obligations and the need to issue licenses. Together with Lawrange you open your way to high profits in one of the most undervalued regions in the world.
FAQ
The cost of company registration in Ireland
The basic package of services, including full legal support from Lawrange, costs 2350 euros.
What do you need to register a company in Ireland?
To set up a company, you will need copies of passports for the applicant and nominee director, three options for the name of the organization and a power of attorney for a Lawrange representative. We prepare the rest of the documentation ourselves.
Advantages and disadvantages of jurisdiction
Pros: minimum legal requirements, access to the EU market and proximity to England. Nuances: the average level of tax burden and the need to appoint a nominee director.
