Ireland Company Formation

Ireland company formation is simple and cost-effective. According to the World Bank's 2010 Doing Business Survey, Ireland is the world's 7th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. Furthermore, Ireland is positively ranked  as the 14th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians. Additionally, the World Economic Forum ranks Ireland 25th on its Global Competitiveness Report 2009-2010.

Ireland company formation is attractive due to its low corporate tax of of 12.5%, one of the lowest in the European Union (EU). An Irish company also accesses a wide network of double taxation treaties with countries including European Union (EU) states, Australia, China, India, Japan, South Africa, South Korea and the US.

Ireland company formation allows 100% foreign ownership. A minimum of one shareholder is required, corporate shareholders are allowed and the shareholder can be of any nationality.

Ireland is the world's 25th most competitive economy, according to the World Bank's Global Competitiveness Report 2009-2010. Therefore, international entrepreneurs enjoy a healthy, thriving business environment.

Ireland incorporation is stimulated by the government through Enterprise Ireland through investment grants and loan guarantees.

Ireland company formation requires a minimum of two directors, one of whom is resident in Ireland. However, the directors can be of any nationality.

Following Ireland company formation, it is necessary to register the company for EU VAT if annual sales exceed €55,000 (US$81,000), or are expected to exceed €55,000 in a calendar year.