The main incorporation requirements are as follows:
• The choice of a company name must be approved by the Registrar of Companies and must be sufficiently different from any other company name on the register (generic words like ‘holdings’, ‘Ireland’, international’, ‘trading’, etc. don’t count)
• Every company must have a Registered Office address within the state
• All Irish companies must register for corporation tax.
• A Private Company Limited by Shares may have a single director if desired, but in this case, must appoint a separate secretary.
• Every other type of Irish company must have at least two directors where one should be an EEA resident or alternatively a company may dispense with this requirement by placing a bond to the value of Euro 25,394.76 with the Company Registry (2 Directors still required though) Premium for Bond is EUR1957.50 (We can arrange this on your behalf) The maximum number of directorships allowable is 25.
• Every company must have a Secretary who may also be a Director. A Corporate Secretary is permissible (We can provide a Corporate Company Secretary if you wish)
• It is possible to have a “Single Member Company” whereby all shares are held by the one person/company. The Maximum number of shareholders for a Private Limited company is ninety-nine.
• Companies are normally capitalised with 100 issued shares of Euro 1 each.
• Newly incorporated companies should demonstrate an activity/trade within the state if they wish to register for VAT
The Company Compliance and Corporate Governance requirements for company registration Ireland include the following:
• All companies must hold an Annual General Meeting (AGM) within 18 months of incorporation and thereafter on an annual basis (must be an AGM in each calendar year and should take place in Ireland as management and control should be in Ireland)
• All companies must submit and file an annual return together with accounts to the Registrar of Companies.
• Every company whose turnover exceeds Euro 8.3 million must prepare and file audited accounts. Holding and Subsidiary Companies must also file audited accounts.
• Corporation Tax Return once a year and VAT Returns every two months (if applicable)
• A presence in Ireland is required for VAT Registration – (i.e. A resident Director, Employee, Physical Office, trade in Ireland, etc.)
Contact Us
Having any question? In doubt and need clarification. Feel free to contact us through the following and talk to our professionals:
Email: tannetinfo@gmail.com
Tel: +603-21418909
Wechat:13530066130
WhatsApp: +6019-3090991