Ireland

The local ecosystem and legal environment offers ease of doing business, with a focus on high-tech and service industries. 

 
 
overview

Ireland

Key features of a Irish company:  

  • Ireland enjoys a great reputation among foreign investors due to its stable and modern economy, great investment climate and access to global markets, especially the EU.

  • With trading profit as low as 12.5% for tax residents, and its extensive Double Taxation Agreements that alleviates double taxation, setting up an Irish company is very useful for tax planning purposes.

  • English speaking jurisdiction

  • Excellent international corporate image

  • The most preferred form of Irish legal entities is a Private Limited Company (Ltd). 

  • Other types of company such as Designated Activity Company (DAC) or Limited Partnership (LP) might be suitable too, depending on your nature of business.

  • Companies are normally incorporated with 100 issued shares of EUR 1 each.

  • An Irish Private Limited Company is allowed to be incorporated as a “Single Member Company” whereby all shares are held by 1 natural person or legal entity. 

  • If a Private Limited Company is owned by a single director, a separate secretary must be appointed.

  • Every other type of Irish company must have at least 2 directors. If 1 or more of the directors is not an European Economic Area (EEA) resident, a bond of EUR 25,000 must be placed with the Company Registry.

  • Every Irish company is required to have a Secretary, who may also be a Director. Alternatively, you may consider Corporate Secretaries.
Application Process:

To set up an offshore company in Ireland, each of the Directors, Shareholders, Beneficial Owners or Authorized Signatories is required to submit the following documents:

For Each Director , Shareholder & Ultimate Beneficial Owner:

  • Notarised / Certified True Copy of Passport
  • Notarised / Certified True Copy of Driving License or National ID
  • Notarised / Certified True Copy of Proof of Address (must be less than 90 days old)
  • Bank or Professional Reference Letter

If there are Corporate shareholders, the following documents must be provided:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Articles of Incorporation
  • Register of Directors & Shareholding

We will first check if your proposed company name is available, and if yes, reserve it with the Business Registrar Office of Ireland.

We will also prepare the necessary company formation documents including the Memorandum of Association, Articles of association, Letter of appointment of director(s) and secretary.

The staff of Offshore Tech & Intermediary Services will prepare the full package of incorporation documents, and send it to you for approval and signing. We will fill the documents to the Irish Commercial Register on client’s behalf.
Upon registration, hard copies of the official company incorporation documents including the Memorandum of Association and the Articles of Association will be sent to the address you provided via courier.
You can bring the received documents to open a corporate bank account, or you can let us open a bank account on your behalf.
Expected Timeframe:

The prescribed time frame for the formation of offshore companies in Ireland is approximately 7 to 10 working days.

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