Ireland - Ltd., Unlimited/Other jurisdictions
Ireland - highly developed European jurisdiction; is a member of international organizations EU, UN, NATO, the country of the eurozone. Even before 1980, Ireland, among other European states, was regarded as one of the most lagging behind in economic development. However, over the past decades this state has provided powerful economic and technical progress and today it firmly occupies one of the leading places in the European Union in such areas as the development of high technologies, the provision of financial services, etc.
The free zones in the country - Shannon and the International Financial Services Center in Dublin - are a strategic base for many foreign companies to enter the EU market.
A significant share in the country's economy was also introduced by the registration sector n resident companies, which grew rapidly until 1999, when, as part of the harmonization of taxes in the EU, the tax-exempt Irish non-resident companies were canceled. However, after that Ireland remains an attractive jurisdiction for entrepreneurs wishing to have a prestigious company from a EU country with a moderate tax regime - after all, the tax rate in Ireland since 2003 is only 12.5% and is one of the lowest in the EU.
The main types of companies in Ireland: limited Private Limited Company (Ltd.) and unlimited Company (Unlimited Company). Responsibility of shareholders of a company of the second type is unlimited, however, in the case of using nominee shareholders, there are no fundamental differences between the two types of companies.
Basic information about jurisdictionArea – 70.273 sq. кm
Population – 4.339.000
Government – republic
Capital – Dublin
Official language – english, irish
Official currency – euro (EUR)
Time zone – GMT +/– 0
Company typePrivate Limited Company (Ltd.), Unlimited Company
Directors of the companyAmount: at least two
Residents: one director must be resident in Ireland, the rest may be residents of any other country
Information about directors: only in the register of enterprises in Ireland
Nominee directors: allowed
Shareholders of the companyNumber: at least one
Status: natural or legal persons
Residents: residents of any country
Information about shareholders: only in the Register of Enterprises of Ireland
Nominee shareholders: allowed
Secretary CompanyNumber: at least one
Status: natural or legal persons. Residents: residents of any country
Information about secretary: only in the Register of Enterprises of Ireland.
Nominee Secretary: allowed.
Authorized capital of the companyStandard declared capital - 100.000 EUR.
Minimum paid-in capital – 2 EUR.
Company nameThe name Limited Company must end with the words '' Limited '' or the abbreviations '' Ltd. ''. For Unlimited Company there are no such requirements - the name of a company of this type may not contain any abbreviations at all. Registration of names containing the words '' Bank '', '' Insurance '', '' Assurance '', '' BuildingSociety '', '' Asset Management '', etc., is allowed only after obtaining the appropriate licenses.
Information about the real owner of the companyInformation about the real owner is submitted only to the registered agent and is confidential.
Annual ReturnAnnual Return is submitted every 12 months after registration.
Financial StatementFinancial Statement is submitted to the Companies Register (Companies Registration Office) annually.
TaxationTaxation of Irish companies since 2003 - 12.5%.
Double tax treatiesIreland has concluded double taxation treaties with more than 30 countries, including Russia, Latvia, and others.
The term of registration of a new company10-12 business days; The term of receipt of a full package of documents - 7-8 weeks
Acceptance of third-party companies for service FIVECONSULTOnly in consultation with the previous serving agent in Ireland.
A set of constituent documents of the company1) registration certificate (Certificate of Incorporation);2) the initial protocol on the creation of the company (Pre - Incorporation Memorandum of Association), signed by the first founders of the company (Subscribers);3) Memorandum and Articles of Association, signed by the first founders of the company (Subscribers);4) protocol on the nomination of nominee directors and nominee shareholders (Written Resolution of directors);5) minutes of the meeting of the first directors (Minutes of First Meeting of Directors) with the decision on the legal address of the company and the issuance of share certificates;6) the principle of doing business (Guarantee of non - trading);7) a power of attorney (Power of Attorney), signed by nominee directors - filled out with a specific name when you buy a company;8) contract with nominee directors on the transfer of the company to its real owner (Agreement for managementof a company);9) Share certificates (signed Certificates) signed by nominee directors;10) corporate book of the company ( Combined Company Register);11) embossed metal seal.
"Ready-made" companiesWe are ready to register a company for your order in this jurisdiction.
FIVECONSULT comment:Ireland as a place of registration of non-resident companies was extremely popular until 1999 - after that, all Irish companies gained taxpayer status. Therefore, those owners, whose primary task was the ownership of a fully tax-free instrument, after 1999 transferred their activities to other, mainly tax-free island jurisdictions. In turn, all Irish companies, which continued their activities as an Irish resident company, are now fully working in low-tax regime, enjoying the high prestige of a tax-capable European company. Today, Ireland can definitely be recommended as a jurisdiction for entrepreneurs wishing to have a prestigious tool for solid work with fairly low taxes.