Business Start-up Costs in Ireland

A presentation brought to youby LawyersIreland.eu

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Why Start a Business in Ireland?• There are many advantages that

Ireland offers to foreign investors interested to start companies here. Some of these are:

one of the lowest corporate tax rates in Europe - 12,5%;

numerous incentives for entrepreneurs;

various tax exemptions for domestic and foreign income.

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Foreign Entities Opening a Business in Ireland

• As a foreign entity, you do not need permission to establish a company in Ireland, as long as you are a resident of the European Economic Area or Switzerland.

• All other foreign residents need approval from the Irish Ministry of Justice and Equality. 

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What are the Business Start-up Costs in Ireland?

• Some of the business start-up costs in Ireland are: 

Swearing before a Commissioner for Oaths – 10 EUR;

Register the company at the Company Registration Office – between 50 EUR and 100 EUR;

Obtaining a company seal – about 20 EUR.

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Taxes for Companiesin Ireland >>

• As a business entity, one must pay the following taxes, according to the Irish law: 

Corporate tax – applied to all legal entities, at the rate of 12.5%;

Value added tax (VAT) – if your business offers services and the yearly sales are above EUR 37.000; if your company sells goods and the sales are over EUR 75.000.

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>> Taxes for Companiesin Ireland

Pay Related Social Insurance (PRSI) – applicable for companies hiring employees. PRSI is established at 8.5% or 10.75%, in accordance with the employee’s gross salary;

Relevant Contract Tax – applicable if your company hires a sub-contractor. 

• The other taxes that must be paid by a company in Ireland are:

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Legal and Corporate Counseling in Ireland

• Our team of Irish lawyers can offer you complete guidance throughout the company registration procedure in Ireland.

• If you need to know how much it will cost to open your company in Ireland, do not hesitate to contact our local lawyers.

Thank you for your attention!

• For more information please contact us at:

(+44)203-287 0408 (for international clients)

office@lawyersireland.eu

http://www.lawyersireland.eu8