The following types of company can be established in Ireland:

Private Limited Company (LTD)

  • Similar to the Italian S.r.l., it is one of the legal forms preferred by foreign investors.
  • There is no minimum threshold for share capital.
  • Unlike its British equivalent, a Secretary must be appointed for this type of Irish company.
  • The company may have from 1 to 149 shareholders (shareholders/members/partners) without the need to hold an Annual General Meeting (AGM), since it may decide in writing ordinary regulations and a simple majority is not required.
  • At least two directors and a secretary of the Board of Directors are required.
  • One director must reside in Ireland.
  • Audited accounts should be submitted annually.
  • The name of the company must necessarily end with the suffix 'Limited' or 'Teoranta' (or 'LTD', 'LTD.', 'Teo').
  • Very short establishment times are envisaged: 2 or 3 days.
  • Costs of constitution are considerably lower than those foreseen for the establishment of an Italian limited liability company; it is not necessary to draw up any notary deed

Public Limited Company (PLC)

  • Similar to the S.p.A. provided for by Italian law; it must have a minimum share capital of € 38,092.
  • At least 25% of the share capital has to be paid.
  • At least seven partners are required.
  • Accounts subject to auditing.
  • It can be listed on the stock exchange

Partnership

  • Available in the general, limited or limited investment forms
  • The general partnership has unlimited liability.
  • The limited partnership has limited liability.
  • The limited investment partnership allows for a double tax refund

Branch

  • The overseas parent company is Liable for all of branch commitments.
  • The branch must be registered with the Chamber of Commerce (Company House).
  • A minimum of two directors and an annual tax return are required

IRELAND

Ireland Flag
Average start-up times 10 days
Availability of pre-established (ready-made) companies Yes
Accounting Yes
Secretary Yes
Nominee Shareholder Yes
Nominee Director Yes
Average taxation Trading income is offset by a 12.5% proportional rate. In order to enjoy the 12.5% rate, companies must conduct business in Irish territory.
Published information about the company's directors The names of directors and shareholders appear in the Public Register.
Accounting obligations Annual
Legislation and controls

The Irish legal system is based on British common law. The Companies Registration Office is the company control authority.

Confidentiality Bearer shares are not permitted
Documents required
  • certified copy of passport or ID
  • residence certificate dating back less than 3 months
Time Zone UTC
Currency Euro
Risk indicators Average political risk: 9%
  • Expropriation and breaches of contract: 10%
  • Risk of war and civil unrest: 15%
  • Transfer of capital and convertibility: 1%
Average credit risk: 44%
  • Failure to pay by sovereign counterpart: 19%
  • Failure to pay by bank counterpart: 56%
  • Failure to pay by corporate counterpart: 56%
GDP growth 5,2%