If you are wondering how much does it cost to set up a limited company in Ireland then Irish Formations can easily explain the breakdown of costs. We can also provide many options depending on your specific company needs. We have many packages available to assist you and will explain what you need based on your circumstances. Its possible that you require a basic company formation, and a Registered Office which is available in our location.
Many of our clients are sole traders who want to convert to a limited company. That’s something we can assist with too. In some cases you may need us to act as Company Secretary for you. A Director and a Secretary is a requirement for every company. We assist clients from all over the world. Most clients outside Ireland choose from Non-Resident packages because the Premium Non-Resident Package includes tax registration with revenue.
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Your Essential Questions Answered
Should I outsource my registered office?
Outsourcing your registered office is a very good idea if you do not want it to be publicly available on the Companies Registrations Office.
Irish Formations will process and scan any post that comes in and get it emailed out to you same day. An annual charge of €240.00+VAT applies to the registered office or you can take it weekly for €40.00+VAT per month.
Do I need a company Secretary?
Yes. This is a legal requirement under the companies act 2014. . We can appoint a Nominee Secretary for €240.00 per year. The Secretary is responsible for ensuring the compliance of the company and that filings are made on time to the CRO and to Revenue. You can also appoint your own Secretary.
Do I need a Non-Resident Bond?
If you do not have a Director living in the Economic Area, you will require a Section 137 Bond for your business. The premium for the bond is paid every 2 years. The initial bond is paid for at the point of incorporation. The European Economic Area is made up of the 28 member states of the EU, (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, & Sweden plus Iceland, Liechtenstein and Norway.
Should I register for Tax?
A Certified Tax Advisor can assist you in your compliance requirements for VAT and Tax. You can discuss this with our Certified Tax Advisor. Just ask us to put you in contact with someone.
Do I need an Accountant Immediately?
Upon setting up your Irish company, we recommend that you hire an accountant. Just ask us to set up a meeting for you.
What about a Trading Address?
you will need two addresses for incorporation. The addresses needed to complete the A1 form and Tax registration form. Therefore, you will need a registered office address and you will also need a trading address or a central point of administration.
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How do I open a Bank Account
We refer you to two banks that we are channel partners with once your company is incorporated. www.revolut.com work with us on a referral program. We will send you a link that you will use with your company number to process the bank account opening process.
You talk to your own bank about the possibility of opening a bank account in Ireland with your newly incorporated Irish Company.
Ready To Create Your Company?
If you have read through all of the above and are happy with the necessary steps then please contact us. We can get the process started today! If you feel like you still may have some questions on any of the above then do not hesitate to reach out to a member of our team who would be happy to talk you through it.
Here at Irish Formations we are experts on company set up and can ensure the creation of your company is done efficiently, accurately, and quickly. Creating your company does not have to be a grueling process. We are here to make it a smooth and easy journey. We can set it up for you completely remotely and ensure the highest quality and utmost professionalism from our team of experts here at Irish Formations.