Why Must You Consider Company Incorporation In Ireland?

Current conditions such as low corporate taxes, an English speaking well-educated population, and EU membership have made Ireland a desirable place for new organizations to set up office. Below are few important facts that one needs to be aware of in case one is planning to start a company in Ireland.

If there is one thing that is very easy to do in Ireland, it is register a business. First of all, you will need to decide on the legal form – as for overseas investors, the private limited company and the Designated Activity Company are preferred. Subsequently, register the company with the Irish Companies Registration Office for the issuance of the certificate of incorporation, company number, and tax identification number.

Despite the registration process being relatively easy to understand, certain strategic choices lie beneath it. The legal structure that you choose can influence the tax rules and other reporting obligations. Seeking advice from local professionals will assist you in making the right decisions concerning benefits when starting your Irish business. Although there are a number of formalities that need to be gone through, with a little help you can get them done quickly.

It may be rather tempting to attempt company registration in Ireland on your own, however, it is often much more beneficial to engage help from a local corporate services firm or a law firm, in order to guarantee that all steps go smoothly and your enterprise is completely legal and compliant with all the laws and regulations of Ireland. They can also help with other related services such as registering with the business bank account, taxation, recruitment of employees, and sourcing of office space.

Another advantage of company incorporation in Ireland is the 12.5% corporate tax rate on trading profits, which is still one of the lowest in Europe.

Ireland is also an English speaking country that provides significant logistical and cultural appeal to North America and international companies seeking to establish operations or offices locally. It can also be less expensive than the UK in terms of cost of living and labour as well. The only precaution to take is to watch out for any changes due to Brexit in the following years.

The process of registering a business in Ireland requires some paperwork and legal formalities, but the entire process doesn't take long. Our local consultants can help you set up your new business in Ireland within weeks of arriving. Consider if Ireland is the right place for your international and entrepreneurial ambitions.