Ireland

Ireland

Introduction
With a small, open economy, Ireland has responded effectively to global economic instability. Ireland is considered one of the best jurisdictions to do business. In fact, it is outperforming most other countries in Europe with almost full employment and even rising real wages. While Ireland’s low corporate taxes and a talented high-technology workforce draw attention from foreign multinationals, its strong legal system, especially property rights and the independent judiciary creates solid protection for companies.
Being just a small country at the edge of Europe, Ireland is proudly home to more than 1,000 offshore corporates as it is friendly to foreign investors with an attractive financial status. You can establish a Private Limited Company in Ireland as your offshore company.
Requirements
To start up and run a Private Limited Company (PLC) in Ireland, there are some requirements as below:
1. A PLC can have a minimum of one member. The maximum number of members is 149. In case two or more persons hold one or more shares in the PLC jointly, they shall be counted as a single member.
2. A PLC shall have at least one director. The directors must be individuals and at least one among them is resident in an EEA state.
3. A PLC shall have a secretary. The secretary can be one of the directors. A sole director, however, cannot act as the PLC's secretary simultaneously.
4. A PLC shall have and maintain at all times a registered office in Ireland, where all the communication and notices may be addressed.
5. A person authorized by a PLC to do electronic signings of documents and electronically submit them to the Registrar (called an electronic filing agent) is not required but highly recommended.
6. A PLC's shares can be described in different currencies with different nominal values. There is no minimum requirement for a PLC's authorized capital. The Standard authorized capital is US$ 1,000, which is divided into 1,000 shares of US$ 1.
1. An Annual General Meeting is required to be held every year. The period between one AGM and the next one shall not exceed 15 months. The first AGM may be held within 18 months after the PLC's incorporation. AGMs can be held anywhere and members can utilize technological means to attend. A PLC with a sole member can decide to dispense with the holding of General Meetings, including Annual General Meetings (AGMs).
2. A PLC is required to file with the Registrar an annual return not later than 28 days after the PLC's annual return date or the date the annual return is made, whichever comes first. The first annual return date must be no later than 6 months and the second not later than 18 months from the PLC’s date of incorporation.
3. If a PLC’s financial statements are required to be attached to the annual return, the filing deadline is either 28 days after the PLC’s annual return date or 9 months and 28 days after the PLC’s financial year-end, whichever is the earlier. A new PLC is exempt from annex the first financial statements to its first annual return. Normally a PLC is required to have its financial statements audited unless the PLC meets the requirements for and choose to have audit exemption.
Any late filings will get penalized.
It is statutory requirements that identities of members, directors, secretary and beneficial owners of a PLC have to be filed with the Irish Companies Registration Office and finally are publicly disclosed.
Key Benefits  
Offering Packages
For supporting you in incorporating an offshore company in such an attractive environment as Ireland, we offer you two packages: Standard and Advanced with services as below:
Services Standard Advanced
Company Incorporation Service Fee
All Government fees due on Incorporation
Free Name Application
Local Registered Office Service 12 months 12 months
Local Director Service 12 months 12 months
Certificate of Incorporation
Memorandum and Articles of Association
Share Certificates
Register of Shareholders
Register of Directors and Officers
Resolution of the Subscriber appointing Directors
Resolutions of the Directors appointing Officers and issuing shares
Professional Consultancy via Phone and Email
Assistance on Opening of Company Bank Account  
Company Statutory Record & Company Kit
Total fee US$ 1,765 US$ 2,264
  Setup Company Setup Company
Services
Company Incorporation Service Fee
Standard
Advanced
All Government fees due on Incorporation
Standard
Advanced
Free Name Application
Standard
Advanced
Local Registered Office Service
Standard

12 months

Advanced

12 months

Local Director Service
Standard

12 months

Advanced

12 months

Certificate of Incorporation
Standard
Advanced
Memorandum and Articles of Association
Standard
Advanced
Share Certificates
Standard
Advanced
Register of Shareholders
Standard
Advanced
Register of Directors and Officers
Standard
Advanced
Resolution of the Subscriber appointing Directors
Standard
Advanced
Resolutions of the Directors appointing Officers and issuing shares
Standard
Advanced
Professional Consultancy via Phone and Email
Standard
Advanced
Assistance on Opening of Company Bank Account
Advanced
Company Statutory Record & Company Kit
Standard
Advanced
Total fee (US$)
1,765       
2,264