AP Notes: Setting up a company in Ireland

How much does it cost to set up a company in Ireland?

It costs roughly €300 + VAT if you use a company formation office. If you complete the process yourself the cost is €50, which is the CRO filing fee.

If you are a non-EEA resident you have the additional set of purchasing a non-resident director bond which costs €2,000 (including VAT) and lasts for 2 years.

If you don’t have a registered office in Ireland you can rent one for roughly €200 + VAT per year. This will be for correspondence only. Please note this doesn’t mean you are regarded as being a tax resident. You are required to have staff working in the office among other factors.

Each year you will need an accountant to complete a number of returns including filing your annual accounts. The cost of this annual return can range from €1,000 – €2,000 + VAT for small businesses. The fee will be influenced by a number of factors including the number of transactions, number of staff and the quality of your bookkeeping. 

How can I set up a company in Ireland?

You can contact one of the accountants listed on AccountantPages. You can also contact any company formation office. 

You can also register on core.ie and complete the process yourself.

How long does it take to set up a company in Ireland?

It takes roughly 3 – 8 days. With COVID-19 things may move slower.

What information do I need to provide to set up an Irish company?

  1. Company Name
  2. Type of Company
  3. Constitution – The CRO provides a template so you don’t need to worry about this.
  4. Registered office – This must be in Ireland. 
  5. Directors
    1. Full name
    2. Nationality
    3. Address
    4. Business Occupation
    5. Names of other companies other directorships are held
  6. Company Secretary
  7. Authorised and Issued Share Capital
  8. Shareholders

What are the benefits of setting up a company in Ireland?

  • 12.5% Corporate tax rate and 6.5% tax on profits made from intellectual property
  • 25% R&D tax credit
  • Double taxation agreements with an array of countries
  • Easy to setup a company
  • Administration costs are relatively low
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