Jurisdictions
Regions
Industry Sectors
Fact File
Fact File supplied by
Aileen Keogan Solicitor & Tax Consultant
Location
Western Europe
Time zone
Greenwich Mean Time in winter and Irish Standard Time in summer
Population
4,757,976 (2016 census)
Capital
Dublin
Airport (s)
Dublin, Cork, Galway, Knock and Shannon
Language
English
Currency
Euro
Political System
Democratic Republic
International Dialing Code
+353
Legal System
Statute and common law and EU Directives
Centre's expertise
Finance, banking, intellectual property, international trust.
Personal income tax
Standard rate of income tax at 20% and higher rate at 40%. Universal Social Change (USC) applies at between 0.5% and 11%.
Corporate income tax
6.25%; 12.5% and 25%.
Exchange restrictions
None
Tax information exchange agreements
Anguilla, Antigua, Barbuda, Argentina, Belize, Bermuda, British Virgin Islands, Cayman Islands, Bahamas, Cook Islands, Dominica, Gibraltar, Grenada, Liechtenstein, Macao, Marshall Islands, Montserrat, Samoa, Saint Kitts and Nevis, San Marino, St. Lucia, St Vincent and the Grenadines, Turks and Caicos and Vanuatu.
Double Taxation Agreements
Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia-Herzegovina, Botswana, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Israel, Italy, Japan, Korea, Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Poland, Portugal, Qatar, Romania, Russia
Double Taxation Agreements (continued)
Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, United Arab Emirates, Ukraine, United Kingdom, United States, Uzbekistan, Vietnam and Zambia.
Permitted currencies
All major currencies are permitted currencies- S66(2) of the Companies Act 2014.
Minimum authorised capital
No minimum requirement
Minimum share issue
€1
Shelf companies
Pursuant to section 18 of the Companies Act 2014, a company shall not be formed or registered unless it appears to the Registrar that the company, when registered, will carry on an activity in the State. Shelf companies are therefore not available.
Timescale for new entities
5-15 working days
Incorporation fees
€50 - €100
Annual fees
€20 - €40
Minimum number
One for LTD; two for all other company types
Residency requirements
Every company must have one EEA resident director unless surety of €25,000 provided.
Corporate directors
Not permitted
Meetings/ frequency
At the discretion and convenience of the directors
Disclosure
Yes
Bearer shares
No
Minimum number
One
Public share registry
Yes
Meetings/ frequency
AGM can be managed through written resolution
Annual Return
Yes
Audit Requirements
Yes
Registered office
Yes
Domicile issues
No
Company naming restrictions
Yes
