Setting Up in Ireland

So you’re setting up a private limited company?

Here is our guide on the necessities and practicalities in setting up a Limited Company in Ireland. Please feel free to reach out if you have further queries.

Key Legal Requirements

Directors

A minimum of 1 director is required and you must also have a director who is a permanent resident in the EU. Directors must not be undischarged bankrupt or convicted of any malpractice.

Shareholders

A shareholder can be either a person or a legal entity, and you can have anywhere from 1 to 149 shareholders. There is no requirement to have a resident shareholder.

Company Secretary

You are required to have a Company Secretary who is suitably experienced with the statutory requirements. If you have only 1 director, they cannot also be the Company Secretary.

Paid-up Capital

There is no minimum paid up share capital requirement. You can also have share capital denominated in currencies alternative to the EURO.

Registered Address

Your registered business address must be a physical address and not a P.O. Box. In most cases it should also not be a residential address.

Registration steps and timeline

Company registration is done online via CRO (Irish Company Register). Physical documents, such as Company constitution, are required to be physically lodged with the CRO.

How we help

Key Compliance Headlines

  • The company must file its first return with the CRO within 6 months of incorporation
  • Thereafter Annual Returns are to be filed within 9 months of your financial year end
  • Corporate Tax Returns are to be filed within 9 months of your financial year end
  • Estimated chargeable income is to be filed within 3 months of the financial year end
  • Financial statements are required to be audited if 2 of the following 3 conditions are met:
    a) More than €12M in revenue;
    b) More than €6M in assets;
    c) More than 50 employees

Still a bit unsure about the process?

Please feel free to send us a message, and one of our team from our office nearest to you will get in touch to help you build your successful new business

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