Ireland

In Ireland there are multiple types of legal entity structures, such as:

  • Private Limited Company (LTD).

  • Public Limited Company (PLC).

  • Unlimited Company (UC).

 

Private and Public Limited Companies / Ltd and PLC

All companies must file an annual return with the Companies Office at least once every calendar year. With the exception of the Company’s first Annual Return, Companies must attach a copy of their accounts to the annual return filed with the Companies Registration Office (CRO). The accounts attached to an annual return must be made up to a date which is not more than 9 months earlier than the effective date of the return. For ltd companies the minimum share capital is one share per shareholder. For plc companies the minimum capital is EUR 25,000.

Unlimited Company / UC

All companies must file an annual return with the Companies Office at least once every calendar year. With the exception of the Company’s first Annual Return, Companies must attach a copy of their accounts to the annual return filed with the Companies Registration Office (CRO). The accounts attached to an annual return must be made up to a date which is not more than 9 months earlier than the effective date of the return. The minimum share capital required is EUR 25,000.

On formation of a company a bank account must be maintained.

After the formation the company must register for Corporation tax, VAT and Payroll taxes.

 

Corporation Tax: The rate for Irish resident companies is 12.5%. All companies incorporated in Ireland are deemed Irish residents.

 

VAT:​ The general VAT rate is 21% with effect from 1 January 2010, with a lower rate of 13.5% and 0% applying to certain goods and services.A company needs to register for VAT if its turnover from the sale of goods exceeds €75,000 or if its turnover from the provision of services exceeds €37,500.

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