When incorporating, you must look at the law in the country, in IRELAND is common law law. Common law is typically easier to form and maintain companies than civil law, and allows you to have a bit more flexibility such as a minimal capitalization when you setup a company. E-signatures are allowed.
The letters IE is for IRELAND and the most common company type structure in IRELAND is a LTD.
The time to setup is usually 5-15 Days to setup a LTD in IE. is 0, This means you don't have any minimum share capital. The types of cash you can use to setup your legal entity is frequently any legal currency.
Yes, one is allowed to re-domicile a LTD from IE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LTD in IE by yourself. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is encouraged, up to 100% of the ownership of the LTD.
A legal entity is only required to have 1 director on the board. Additionally, corporate directors are not permitted. Directors should not have an expectation of privacy, as they are not kept private in IRELAND. There is a requirement to have annual meetings of shareholders.
A registered agent is normally required, which means the company will have to pay a fee on a yearly basis, for an agent which can receive any lawsuit papers on behalf of the registered legal entity. A related requirement, a company secretary is another cost you will need to incur.
There is a legal obligation to file accounts on a yearly basis. However, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Ireland, CRO. Shareholders are disclosed in the CRO.
Typically companies take 5-15 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Ireland is a good option and have given it a score of 82 as an IO score, using the Incorporations.IO proprietary formula.
5-15 Daysto form