Our Expertise - Global and Local

Ireland - Key Facts

Formation: 
Approx. 5-10 working days

Shelf Companies: 
Not available

Authorised Share Capital: 
Unlimited and no restriction on currency

Issued Share Capital: 
Minimum paid up share capital = €1

Directors:

  • Minimum number of directors is 2; with the exception of the new LTD company type where the minimum number can be 1.
  • At least one director must be resident in a member state of the EEA, save in circumstances where a bond has been entered into by the company or the company has successfully established that it has a real continuous link with the State
  • Corporate directors not permitted

Secretary: 

  • Obligatory
  • No restriction on residence or nationality
  • Corporate secretary permitted

Shareholders: 

  • Minimum number of shareholders = 1
  • Corporate shareholders permitted

Public Filing: 

  • Audited financial statements must be filed within nine months of financial year-end (exemptions available from audit requirement)
  • Annual return must be filed every year

Corporation Tax Rates: 

  • 12.5% for trading income with “substance” in Ireland
  • 25% for all other cases.

Corporation Tax Returns: 
Must be filed within 8 months and 21 days of financial year-end.

Capital Gains Tax: 
Effective rate of 33% applies on capital gains 

Withholding Tax: 
Dividends: 20%*
Interest: 20%*
Royalties: 0% or 20%*

Withholding Tax EU/DTA: 
Dividends: 0%
Interest: 0%
Royalties: 0%

Withholding Tax Other: 
Dividends: 20%
Interest: 20%
Royalties: 0%

Double Tax Treaties:
70 in effect (72 signed)