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Opening Incorporating a Company in Ireland

The term u2019offshoreu2019 is not used in Irish legislation or in describing company forms. In Ireland there are no specific forms of company or other entities designed for offshore operation. Visit web www.ireland-lsc-partners.com for more details.

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Opening Incorporating a Company in Ireland

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  1. OPENING / INCORPORATING A COMPANY IN IRELAND COMPLETE GUIDE WITH LEGAL, TAX & COMPLIANCE REQUIREMENTS Email: enquiries@ireland-lsc-partners.com 77 Lower Camden Street, Suite 7 Dublin, D02 XE80 www.ireland-lsc-partners.com +353 1 968 2627

  2. TABLE OF CONTENTS Why Choose Ireland? Types of Business Entities Company Formation Process Legal Requirements & Compliance Registering for Tax & Other Registrations Bank Account Opening & Other Practicalities Shelf / Ready-Made Companies Costs & Fees Frequently Asked Questions (FAQs) Contact & Support Services LSC & Partners — Corporate & Tax Consultancy

  3. SECTIONS WITH SUGGESTED CONTENT 1. WHY CHOOSE IRELAND? Ireland has one of the lowest corporate tax rates in the EU: ~12.5%. Membership of European Union, English speaking, strategic location. Wide network of double taxation treaties to reduce withholding taxes. Stable legal & business environment. 2. TYPES OF BUSINESS ENTITIES Private Company Limited by Shares (Ltd) — the most common. Limited Partnership (with foreign members) — under certain conditions may have favorable tax treatment. Holding companies, agency companies, non- profit / charitable organizations. LSC & Partners — Corporate & Tax Consultancy

  4. 3. COMPANY FORMATION PROCESS 1.Choose a unique company name and verify via the Companies Registration Office (CRO). 2.Decide on the structure (directors, shareholders). At least one director must be resident in the EEA. 3.Prepare statutory documents (Constitution, Memorandum & Articles). 4.Provide registered office address in Ireland. Not a PO Box. 5.File incorporation forms & pay registration fee with CRO. 4. LEGAL REQUIREMENTS & ONGOING COMPLIANCE 1.Annual returns, financial statements. 2.Corporate secretary / registered office service. 3.Directors’ duties, maintaining records, compliance with local laws. LSC & Partners — Corporate & Tax Consultancy

  5. 5. REGISTERING FOR TAX & OTHER REGISTRATIONS 1.Corporate tax registration, VAT if applicable. 2.Tax Identification Number (TIN). 3.Employer registrations (if hiring), PAYE etc. 6. BANK ACCOUNT OPENING & PRACTICALITIES 1.Process to open a corporate bank account. Possible documentation required (company certificate, proof of identity of directors). 2.Address, KYC / anti-money laundering obligations. 7. SHELF / READY-MADE COMPANIES 1.Definition: companies incorporated earlier but unused, sold so that you skip incorporation delays. 2.Advantages: faster start, aged company looks more credible in some cases. 3.Things to verify: clean history, no liabilities, good standing with CRO. LSC & Partners — Corporate & Tax Consultancy

  6. 8. COSTS & FEES 1.Incorporation fee with CRO. 2.Ongoing costs: annual return, registered office service, company secretary, compliance. 3.Additional fees for bank account, nominee or EEA resident director if required. 9. FAQS 1.How long does the incorporation process take? 2.Do I need to be resident in Ireland? 3.What are shareholder and director requirements? 4.What happens if I don’t file annual returns on time? 5.Can a non-resident open a company and bank account? 10. CONTACT & SUPPORT SERVICES 1.How LSC & Partners assists: registered address, company secretary, due diligence, nominee director, compliance, ongoing management. 2.Their multilingual / international services (for foreign clients) LSC & Partners — Corporate & Tax Consultancy

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