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Ireland Incorporation Checklist
| NAME REQUIREMENTS |
| Name Restrictions (Requires Approval) |
bank, building society, savings, insurance, assurance, reinsurance, fund management, asset management, co-operative, Chamber of Commerce, society, municipal, group, holding, Irish or their foreign language equivalent. |
| SHARE CAPITAL |
| Currency |
Euro |
| Authorised share capital |
Euro 1,000,000 (standard) |
| Bearer shares |
Not Allowed |
| Minimum Paid up Capital |
Euro1 |
| Public Register of shares |
Required |
| DIRECTORS |
| Minimum Directors |
2-individual and at least one should be resident in Ireland (see note below if local director is not appointed)* |
| SHAREHOLDERS/MEMBERS |
| Minimum Shareholder |
1 |
| COMPANY SECRETARY |
| Company Secretary |
Required |
| Local Requirements |
Audit exemption for small companies. |
| ACCOUNTS |
| Filing of accounts |
Required 9 months and 1 day to file with the HMRC 10 months to file with the companies House |
| Audit Required |
Audit exemption for small companies. |
| Filing of Annual Return |
Required |
| INCORPORATION PROCEDURES AND TIME FRAME |
| Fill out Incorporation form |
10 Minutes |
| Send us due diligence of proposed directors and shareholders |
Depend on Client |
| Upon Completion of the above |
| Check availability of company’s name in the Registry of Companies |
2-3 hours |
| Preparation of incorporation documents |
0.5 days |
| Signing of incorporation documents |
Depend on Client |
| Submission of documents to the Financial Services Commission (FSC) |
n/a |
| Upon completion of the above |
| Incorporate the company with the Registry of Companies and payments of registration fees & Charges |
10 days |
| Prepare post-incorporation documents |
1 day |
| Certification of post incorporation documents by notary |
n/a |
| Tax Residence Certificate |
n/a |
| Business Registration Certificate |
n/a |
| BANK ACCOUNT |
| Bank account opening Requirements |
-authenticated passport (must be current and valid) and
-One/two copy of your most recent utility bill to prove your current residency.
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| Time to open a bank account |
3-5 working days |
| TAXATION |
| * The corporate tax rate is currently 12.5% on trading income and 25% on non trading income. |
*If a local director is not appointed a €25,395 bond must be paid up to satisfy Section 43(3) of The Companies (Amendment) (No.2) Act 1999. The bond is valid for a minimum period of 2 years, commencing no earlier than the occurrence of the event giving rise to the requirement for the bond.
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