Irish Company Formation Services for Non-Residents

#Go Ireland. Be Global
  • Short Description of the Ireland Jurisdiction

    Ireland, an independent island nation situated in the North Atlantic, boasts a business environment that is highly regarded by entrepreneurs and investors worldwide. With its strategic location and the advantage of being the only English-speaking country in the Eurozone, Ireland has become a favoured destination for businesses seeking expansion opportunities.

    Recognised for its business-friendly policies, Ireland offers a favourable tax regime, a robust legal framework, and political stability, making it an attractive choice for both local and international enterprises. The country provides a gateway to the European market, coupled with a skilled and multilingual workforce.

    When it comes to company formation in the Republic of Ireland, entrepreneurs and investors will find an ideal environment to establish and grow their businesses in the country. The reputation of being a trusted jurisdiction for company formation services in Ireland is well-deserved. The country offers a streamlined process for registering and setting up companies, with efficient administrative procedures and a supportive regulatory framework. Whether a startup or an established corporation, Ireland offers a welcoming ecosystem that fosters innovation and entrepreneurship.

  • Taxation in Ireland

    Ireland’s tax system offers a competitive advantage for non-residents through its favourable treatment of offshore structures. With a low corporate tax rate of 12.5% and opportunities for Irish offshore companies, businesses can strategically plan their operations to optimise tax efficiency. Irish offshore structures, such as Irish holding companies or non-resident companies, provide opportunities for businesses to enjoy tax benefits while structuring their global operations. These structures can facilitate tax planning, asset protection, and international expansion, making Ireland an attractive jurisdiction for those seeking to make use of services like company formation in Ireland for non-residents and benefit from promising corporation tax rates.

    Taxation in Ireland is governed by the Irish Tax Consolidation Act 1997, which sets out the legal framework for corporate taxation. Under this Act, businesses can navigate Ireland’s intricate tax regulations with clarity and confidence. The Revenue Commissioners, Ireland’s esteemed tax authority, diligently oversee the administration and enforcement of these tax laws. With their expertise and commitment to transparency, Revenue Commissioners ensure that businesses comply with their tax obligations and maintain a fair and efficient tax system.

    Currency Euro (EUR)
    Corporate tax 12,5%
    Withholding tax 0/25%
    Capital gains tax 33%
    VAT 23%
    Currency Control No


  • Legal framework

    Ireland’s legal system is based on common law principles, offering a stable and reliable framework for businesses to thrive. The country has a comprehensive body of legislation that governs various aspects, including company law, employment law, intellectual property, and consumer protection.

    The Companies Act 2014 is a key piece of legislation governing Ireland offshore company formation, management, and operations in the country. This Act provides clear guidelines on the requirements for incorporating a company, the duties and responsibilities of directors, shareholders’ rights, and the disclosure of financial information. It ensures transparency and accountability in the corporate sector, promoting investor confidence and business integrity.

    Additionally, Ireland has implemented legislation to promote innovation and research and development. The Knowledge Development Box (KDB) regime, introduced in 2016, provides a reduced corporation tax rate (currently 6.25%) for income generated from certain intellectual property assets. This legislation aims to encourage companies to invest in research and development activities, fostering innovation and technological advancements.

    The Irish legal system is supported by an independent judiciary, known for its expertise and impartiality. Courts in Ireland provide a fair and efficient dispute resolution mechanism, ensuring that businesses have access to a reliable and effective means of settling legal disputes.

    Overall, legislation in Ireland creates a favourable environment for businesses, promoting economic growth and providing a solid legal framework that safeguards the interests of both companies and stakeholders.

  • Why choose Ireland?

    When it comes to international business ventures, Ireland stands out as a highly advantageous destination, especially for those seeking Irish offshore opportunities. Entrepreneurs and businesses worldwide are drawn to this country for a multitude of reasons. Let’s delve into why Ireland has garnered such acclaim as an attractive proposition for international tax planning and offshore company formation.

    • Favourable Tax Regime:

    Irish company formation offers access to a highly advantageous tax regime. With a corporate tax rate of 12.5%, one of the lowest in Europe, businesses can maximise their profitability while complying with tax obligations. This attractive tax landscape has propelled Ireland into the spotlight as an ideal jurisdiction for establishing and operating companies.

    • Access to European Markets:

    Company formation in Ireland provides a significant advantage to EEA residents and non-residents alike by granting access to the vast European market. With Ireland’s membership in the European Union, businesses established in Ireland can seamlessly tap into a consumer base of over 450 million people. This opens up limitless opportunities for expansion, trade, and collaboration within the EU.

    • Strategic Location and Connectivity:

    Situated adjacent to the United Kingdom, Ireland acts as a strategic bridge between Europe and its British neighbour. By establishing a company in Ireland, non-residents can benefit from its proximity to the UK market while enjoying the advantages of Ireland’s membership in the European Union. Furthermore, Ireland’s excellent connectivity, including modern infrastructure and efficient transportation networks, facilitates seamless communication and logistics for businesses operating within and beyond its borders. The combination of a company registered in Ireland and offshore islands holding company may be a perfect structure for low-tax access to the European market.

    • Rapid Company Set-up in Ireland:

    The process of company formation in Ireland has become faster and more convenient. Thanks to online platforms, entrepreneurs can now complete the necessary procedures quickly, eliminating burdensome paperwork and reducing processing times. The Companies Registration Office (CRO) has wholeheartedly embraced digital solutions, enabling applicants to seamlessly submit incorporation forms and required documents for Irish company formation online.

    At Astra Trust, we understand the importance of efficient company formation in Ireland. As reputable company formation agents in Ireland, we specialise in facilitating the process for entrepreneurs.

  • Incorporation process for an Irish company

    Stage 1 Contact us for more information and quotes. We answer within three hours!
    Stage 2 Fill in a form, provide us with the required documents and make a payment.
    Stage 3 Receive the scanned incorporation documents within two days, and hard copies by courier up to seven days.


  • Requirements for company formation in Ireland

    When setting up an Irish offshore company, certain requirements need to be fulfilled. These requirements include providing specific information to ensure the successful formation of your company. Here are the essential details that are typically required:

    • Company Name:

    For company incorporation in Ireland, one of the key requirements is choosing a unique name that complies with the naming guidelines set by the Companies Registration Office (CRO).

    • Registered Office Address:

    To complete the company incorporation process in Ireland, it is important to select a physical address for your company’s registration office. This address will serve as the official correspondence location for your business.

    The registered office address plays a crucial role in company registration, as it is where official documents and correspondence will be sent, including those from the Company Registration Office (CRO).

    • Directors:

    When it comes to Irish company formation for non-residents, it is important to identify the individuals who will serve as directors of the company. At least one director is required, and they must meet the minimum age requirement of 18 years old.

    For non-residents, it is possible to appoint non-resident directors to the board, allowing offshore entities to have control and decision-making power over their Irish operations. However, it is also necessary to have at least one resident director who resides in Ireland. This resident director acts as a point of contact and ensures compliance with local regulations.

    • Shareholders:

    In Ireland company formation, it is important to specify the shareholders, who are the owners of the shares in the company. Generally, a minimum of one shareholder is required, but there can be multiple shareholders as well.

    Shareholders play a significant role in the company as they contribute capital and have ownership rights. They have the opportunity to share in the company’s profits and make important decisions through voting rights at general meetings.

    For non-residents forming an Irish company, there are no restrictions on share ownership, allowing for a diverse range of shareholders from different jurisdictions. This flexibility attracts international investors and fosters global business collaboration.

    Shareholders can be individuals or other legal entities, such as corporations or trusts. Their level of involvement in the company may vary, depending on the ownership structure and the specific rights and obligations outlined in the company’s constitution or shareholders’ agreement.

    • Company Secretary:

    Appointing a company secretary is a crucial step in Irish company formation. The company secretary, whether an individual or a corporate entity, handles administrative and legal obligations, ensuring regulatory compliance. Astra Trust provides secretarial services in addition to company formation services in Ireland.

    • Share Capital:

    Setting up a company in Ireland requires careful consideration of the share capital. The share capital represents the value of the shares issued to shareholders and is a key factor in determining the ownership structure and financial resources of the company.

    In Ireland, there are generally no specific minimum capital requirements for most types of companies. This helps to minimise Irish company formation costs. However, it is important to make informed decisions regarding the amount and types of shares to be issued, as this can impact control and profit distribution.

    • Memorandum and Articles of Association:

    To successfully establish an offshore company in Ireland, it is vital to prepare two key documents: the Memorandum of Association and the Articles of Association. These documents are instrumental in defining the company’s objectives and internal regulations.

    The Memorandum of Association serves as a comprehensive outline of the company’s objectives, including its purpose, activities, and long-term goals. This document provides a clear direction for the company’s operations and acts as a guiding framework for decision-making.

    Complementing the Memorandum of Association, the Articles of Association lay out the specific rules and regulations governing the company’s internal affairs. These include provisions on shareholding, appointment and removal of directors, decision-making processes, and other important corporate matters.

    • Incorporation Forms and Documents:

    As part of the company formation process, it is necessary to complete and submit specific forms and provide supporting documents.

    The required forms can vary depending on the type of company and its particular circumstances. Some common forms include the application form, director’s consent form, and shareholders’ agreement. Additionally, supporting documents such as identification proofs, proof of address, and copies of passports or identification cards are typically required.

    • Opening a Bank Account:

    After completing the Ireland company formation process, the next step is to open a bank account. This is essential for managing finances and conducting business transactions. To open a bank account in Ireland, you will need to choose a bank that suits your needs. Gather the required documentation, including company incorporation documents, and schedule an appointment with the bank. During the appointment, provide the necessary paperwork to complete the account opening process. Ireland’s company formation and bank account opening go hand in hand to facilitate smooth financial operations.

    Astra Trust assists with company formation in Ireland and bank account opening by providing full support at each stage and communicating with affiliated banks.

  • Documents and services you will receive after Ireland company formation

    When it comes to company formation in Ireland pricing, we understand the importance of affordability and competitive rates. Our aim is to provide cost-effective solutions for your business needs. Our comprehensive range of services and documents includes:

    • Certificate of Incorporation
    • Memorandum and Articles of Association
    • Company Seal
    • Share Certificates
    • Registered Office Address
    • Company Secretary
    • Compliance Services
    • Consultation and Support
  • Company name in Ireland

    When establishing a company in Ireland, choosing an appropriate company name is a crucial step that requires careful consideration. The process of selecting a company name in Ireland involves adhering to certain guidelines and regulations set by the Companies Registration Office (CRO).

    To meet the Irish company formation requirements, it is important to select a name that is not already in use by another company in Ireland. This can be done by utilising the search tool provided by the CRO to check the availability of the names under consideration.

    Furthermore, it is crucial to ensure that the chosen name does not infringe upon existing trademarks or cause confusion with other businesses. This means avoiding names that are too similar to already established brands or that might lead to confusion among customers. Additionally, the CRO has a list of restricted words that may require prior approval from the relevant regulatory authority before they can be used in a company name. These restricted words typically include terms such as “bank”, “insurance”, or “finance”.

  • Board of directors and shareholders of an Irish company

    The board of directors and shareholders play crucial roles in the governance and operation of an Irish company.

    The board of directors is responsible for making strategic decisions and overseeing the management of the company. They have a fiduciary duty to act in the best interests of the company and its shareholders. In Ireland, it is mandatory to have at least one director, and they must meet the minimum age requirement of 18 years old. For non-residents, it is possible to appoint non-resident directors, giving offshore entities control and decision-making power over their Irish operations. However, it is also necessary to have at least one resident director who resides in Ireland to ensure compliance with local regulations.

    Shareholders, on the other hand, are the owners of the company. They hold shares, which represent their ownership stake in the company. Shareholders have certain rights, such as the right to receive dividends, attend general meetings, and vote on important matters affecting the company.

    The relationship between the board of directors and shareholders is essential for the effective functioning of the company in Ireland. The board of directors is accountable to the shareholders and acts on their behalf to ensure the company’s success. Shareholders, in turn, provide capital and have the opportunity to share in the company’s profits and make important decisions through voting rights at general meetings.

    It is important for both directors and shareholders to understand their rights, responsibilities, and obligations under Irish company law. They must comply with the Companies Act and other relevant regulations to maintain transparency, accountability, and good corporate governance practices.

  • Share capital of an Ireland company and types of companies

    When considering company formation in Ireland, an important aspect to keep in mind is the share capital. Share capital represents the total value of shares issued to the company’s shareholders and plays a significant role in determining ownership structure and financial resources. It is an essential element when establishing a business entity in Ireland.

    In addition to share capital, there are several types of business entities available for company formation in Ireland:

    Company Type Key Characteristics
    Limited Company (Ltd.) – Fast company formation in Ireland with Limited liability for shareholders. Minimum requirement: 1 director, 1 shareholder. Flexibility for business owners.
    Designated Activity Company (DAC) – Formed for specific purposes, e.g., charitable or non-profit activities.  Minimum requirement: 2 directors. Objectives outlined in memorandum and articles.
    Public Limited Company (PLC) – Shares can be traded on a stock exchange. Minimum share capital of €25,000. Minimum directors requirement: 2 corporate directors.
    Company Limited by Guarantee (CLG) – Typically used for non-profit organisations. No share    capital, based on members’ guarantee. Minimum requirement: 2 directors. Objectives outlined in memorandum and articles.
    Unlimited Company (UC) –   Liability   of   members   not   limited. Reporting obligations vary compared to limited companies.
    Branch Office –   Option   for foreign   companies   to  establish a presence     in Ireland without forming a separate legal entity. Subject to Irish company law.
  • Privacy of an Irish company

    The privacy provisions in Ireland’s legal framework allow companies to maintain the confidentiality of their shareholders, directors, and beneficial owners. The Companies Registration Office (CRO) only requires limited personal information to be disclosed in the public register. This means that sensitive details such as residential addresses and personal contact information are not publicly available, providing a layer of privacy and security for stakeholders.

    By safeguarding sensitive information, Ireland’s privacy provisions create a suitable environment for entrepreneurs and investors to conduct their business activities with peace of mind. This confidentiality advantage allows companies to protect their competitive advantage, trade secrets, and sensitive commercial relationships.

    Furthermore, Ireland’s commitment to data protection is evident in its implementation of the General Data Protection Regulation (GDPR), which harmonises data privacy laws across the European Union. The GDPR sets strict guidelines for the collection, storage, and processing of personal data, ensuring that individuals’ privacy rights are respected.

  • Economic substance requirements in Ireland

    There are no specific ES requirements for the companies in Ireland.

    However, for the company to be deemed as a tax resident of Ireland and for purposes of the loval bank account opening the following is advisable:

    • Directors in Ireland: An Irish company should have directors based in Ireland. This can be provided by Astra Trust, enabling cheap company formation in Ireland.
    • Employees in Ireland: Generally, the company should also have employees in Ireland who are actively involved in the business operations.
    • Decision-making in Ireland: Important management and strategic decisions should be made in Ireland. This can be organised with the local directors and online meetings.
    • Assessing tax rate eligibility: By meeting these substance requirements, the company may be eligible for the 12.5% corporation tax rate in Ireland.
  • Reporting requirements in Ireland

    There are several reporting obligations that need to be fulfilled. These requirements ensure transparency, accountability, and compliance with the country’s legal and regulatory framework.

    The key types of reports that companies in Ireland are typically required to submit include:

    • Financial statements: Irish companies must prepare and submit annual financial statements that provide a comprehensive overview of their financial performance and position.
    • Annual returns: Companies are obligated to file annual returns with the Companies Registration Office (CRO), which include information about directors, shareholders, registered office address, and share capital.
    • Tax filings: Companies in Ireland have various tax reporting obligations, such as filing corporation tax returns, VAT returns, and payroll tax returns to ensure compliance with tax laws and regulations.
    • Disclosure of directors, shareholders, and beneficial owners: Companies may be required to disclose information about their directors, shareholders, and beneficial owners to regulatory authorities to ensure transparency and accountability.

    Failure to meet these reporting obligations can result in penalties, fines, or other legal consequences. Therefore, it is crucial for companies to fulfil their reporting requirements accurately and within the specified deadlines.

    At Astra Trust, we understand the importance of cost when it comes to company formation in Ireland and the potential challenges associated with meeting reporting obligations. Our services are designed to offer competitive pricing without compromising on quality. Whether you are a startup or an established business, we provide transparent and affordable solutions for your company formation needs. Contact us today to learn more about the cost of company formation in Ireland and how we can assist you in establishing your business efficiently and economically.

Key Features

    General Information

  • Jurisdiction - Independent nation
  • Entity Type - Limited company
  • Corporate Tax - 12,5%
  • Currency - EUR
  • Currency Exchange Control - No
  • Legal framework - Common law
  • Recognition of Trust - Recognised
  • Court of Final Appeal - The Supreme Court of Ireland
  • Business Activity Restrictions

  • Business Activity Restrictions - No. Subject to standard licensed types of activities
  • Economic Substance Requirements - Not applicable
  • Prohibition of business within Ireland - Not applicable
  • Requirements for Directors

  • Register of Directors - Publicly accessible
  • Minimum Number of Directors - 1
  • Corporate Director - Available
  • Local Director - Required to be a resident of EEA
  • Nominee Director - Available
  • Requirements for Secretaries

  • Secretary - Required (optional)
  • Requirements for Shareholders

  • Register of Shareholders - Publicly accessible
  • Minimum Number of Shareholders - 1
  • Corporate Shareholder - Available
  • Annual General Meeting - Not required
  • Location of Meetings - Anywhere in the world
  • Nominee Shareholder - Available
  • Share Capital

  • Minimum Authorised Share Capital - No requirements
  • Standard Authorised Share Capital - EUR 25,000
  • Minimum Issued Share Capital - EUR 1
  • Currency of Share Capital - EUR or any other
  • Reporting Requirements

  • Preparation of Accounts - Required
  • Filing of Annual Return – Required
  • Publicity of Annual Return - Public
  • Audited Accounts – Required
  • Other Features

  • Redomiciliation to/from Jurisdiction - Permitted
  • Shelf Companies - Not Available

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