You are a self-employed person, entrepreneur, business owner and you want to set up your company in Ireland, information is essential for good management and safe business development.
Have you created your business model for how you want to start your business in Ireland.
Would you like to outsource your activity in Ireland only by creating a branch, or create a new independent structure, to develop your activity on site or elsewhere.
How is the tax system in Ireland, if I hire employees how will it work? What are the amounts of social charges?
How much is it costing me to set up my company in Ireland. The good management of your business starts from the ideation until the materialization then the launch and the development.
Let's learn together a few things to know about Irish company management.
In a few words, very simply, we are going to send you this essential information for any good manager of an Irish company.
These are the different questions to ask?
New Company in Ireland
Let's start from the Principle, that you want to create a new structure in Ireland, one which will develop in Ireland, but also outside Ireland.
What are the steps for incorporating a LTD in Ireland Limited Liability Company in Ireland?
- Reservation of the company name with the Commercial Register in Ireland;
- Signature of a domiciliation or rental contract for the space corresponding to the head office of the Irish company;
- Drafting and signing of the articles of association of the company (which most often takes the form of an SARL called LTD in Ireland
- Opening of the capital deposit account and payment of the share capital
- Company registration in Ireland
Signing of powers of attorney in favor of the persons who will carry out the formalities before the commercial register. If you go through a firm such as Fidulink, to carry out your procedures without moving.
We offer a remote pack that allows you to focus on the essentials: growing your Estonian business, without worrying about the administrative paperwork of setting up your business in Ireland. We have a French speaking team, fully available.
Here is the link of our basic Ireland company creation pack without travel
https://marketplace-fidulink.com/accueil/319-compte-bancaire-societe-sans-deplacement-.html
To open a bank account in Ireland or in Europe completely remotely, you must add the opening of a bank account without traveling to Ireland:
https://marketplace-fidulink.com/accueil/319-compte-bancaire-societe-sans-deplacement-.html
Is it possible to create a company in Ireland without having to travel?
Foreigners who wish to create an Irish company do not need to be present in Ireland to carry out these formalities: they can indeed set up their business remotely, by means of powers of attorney by working in collaboration with an incorporation firm, firm accounting…
The founders can, for example, sign the documents (declarations, etc.) in front of a notary who stamps and apostilles them (certification outside your country of residence) from their country of residence and then send them to our agent responsible for carrying out the formalities which will translate them and present them to the Trade Register.
Developing your business in Ireland essential information
What are the 4 essential information about Limited in Ireland?
- Formation time On average 7-10 days
- Minimum capital to be deposited: 2 euros must be paid up at least by half and the remainder within the year.
- Number of directors: only 1 minimum required
- Minimum number of shareholders
1 minimum required
Taxation to know in Ireland:
How is the tax system in Ireland made up? You are concerned by 3 types of taxes:
Income tax:
Income tax in Ireland is exempt for certain types of companies:
Exemptions from payment of income tax:
Micro-enterprises
Public institutions involved in a particular activity
Religious organizations
Educational institutions and professionals
Owner associations
A standard rate of income tax in Ireland is 16%.
- Owner association
- Religious associations
- Public institutions by activity
- Micro-enterprises (Less than 1 annual turnover)
This tax will apply to foreign companies with a local subsidiary that do business in Ireland or an independent Irish company.
Micro-business tax rates
Cannot be subject to income tax before having:
- Two employees minimum
- A minimum capital of 45 RON
- Paid social and employer contributions
- If you have one or more employees in Ireland, your micro business will only be liable for 1% of the overall revenue
- A micro-enterprise in Estonia without employees 3%
on the overall recipe
Employer and salary charges from January 1, 2018
| Social charges | Employer's contribution | Salary share |
| State social insurance (CAS) - pension | 0% | 25% |
| Social health insurance | 0% | 10% |
| Unemployment fund | 0% | 0% |
| Contribution for the payment of sick leave and compensation | 0% | - |
| Insurance for accidents at work and occupational diseases * | 0% | - |
| Labor insurance contribution | 2,25% | - |
| Commission of the Territorial Labor Inspectorate ** | 0,25% | - |
| Total social charges | 2,25% | 35% |
The Romanian minimum wage (Irish minimum wage) was 1.450 RON per month (approximately 320 EUR) gross in 2017. It rose to 1.900 RON (approximately 410 EUR) on January 1, 2018.
Let's talk about the VAT rate in Ireland for your Irish business?
The normal rate is 19%
The reduced rates are:
- 9% for catering services, accommodation services, medical equipment, etc.
- 5% for art, press, cinema, places and cultural events.
- 9% on hotel accommodation, food and beverage services, farm supplies, medical equipment, food services (less for alcoholic beverages), etc.
- 5% on newspapers, magazines, zoos, cinemas, cultural events, etc.
Do you know if you can invoice with or without VAT
European VAT threshold for the distance selling regime -
VAT sales threshold in Ireland
| Member state | VAT threshold WHAT |
|---|---|
| Romania | 118 RON (000 €) |
For all requests concerning the creation of a company in Ireland with our full support, please contact us by email contact@fidulink.com or visit our website: www.fidulink.com
