.png){kind=small}
Company Formation Guide
Ireland Company Formation
Looking for Ireland company formation consultation? Choose Mirr Asia for incorporating an Irish corporation successfully. Visit us for complete procedure and cost guide.
Resources · 01
Ireland Overview
Information
Guide · 02
Ireland Incorporation Guide
Corporate Tax
- Corporate tax: 12.5% (Non-operating profit tax rate: 25%)
- Capital gains tax (transfer tax, etc.): 33% (40% for profits outside the European Economic Area)
- *Exemption clause or 10% tax rate may be applied in some cases
Dividend Tax
Dividend tax: No local dividend tax, subject to the tax law having jurisdiction over the shareholder's residence. Dividends received from the EU or treaty countries may be taxed at a rate of 12.5%, and dividends may be exempt from tax if the company holds 5% or less of its share capital and voting rights.
Tax Credits and Incentives
Tax Credits and Incentives: There is a 25% tax credit on eligible R&D expenses, resulting in an effective tax credit of 37.5% in total, plus a 6.27% corporate tax rate on certain profits derived from assets derived from R&D initiatives under the Knowledge Development Policy. Certain start-ups are subject to the total amount of corporate tax due each year not exceeding EUR 40,000. You can enjoy tax relief for 3 years.
The Intellectual Property Scheme provides tax credits on capital expenditures incurred by a company on the acquisition of qualifying IP assets, such as patents and registered designs, trademarks, know-how, domain names, copyrights, and service marks, and capital deductions accruing from qualifying IP assets. can be offset against income from eligible IP assets, with up to 80% of IP derived gains deducted. The remaining 20% is 12.5% based on the taxes performed by the company. Corporate tax is levied.
Requirements · 03
Establishment Requirements & Maintenance
Establishment Requirements
- 1. Minimum 1 share/minimum capital of 0.01 Euro
- 2. At least one natural person must be listed as a director, and at least one director must be a resident of the European Economic Area
- 3. If the requirements of item 2 above are not met, 25,000 euros must be deposited in the company registration office.
- 4. At least one secretary must be registered, and the director can concurrently serve. However, if there is only one director, a separate person must be registered as the secretary.
- 5. Must have a registered address of business in Ireland
Annual Maintenance
- 1. Annual General Meeting (AGM) must be held annually or a written resolution must be made
- 2. Annual report and audit report must be made every year
- 3. You must file a tax return within 9 months from the date of settlement, and the amount of tax can be paid in one lump sum or in two installments
EEA Resident Director Requirement
^ Ireland requires that you register at least one EEA (European Economic Area) resident as a director in accordance with local regulations, or purchase a bond with a liability limit of EUR 25,000. This bond serves as insurance, requiring registration in case claims or fines are imposed on a non-EEA resident operating an Irish company, and the director is unable to resolve them or cannot be contacted. Therefore, you may either hire and register a local director or purchase the bond as an alternative to appointing a local director.
Conditions for exemption from annual auditing obligations (if two or more of the following apply):
| Criteria | Threshold |
|---|---|
| Total assets in the statement of financial position | less than 6 million euros |
| Sales | less than 12 million euros |
| Employees | Less than 50 |
Pricing · 04
Incorporation and 1 Year Service Fee
Fee
USD 3,100
Included:
- -Registration of incorporation and government fees.
- -Preparation and submission of the company standard articles of incorporation.
- -Provide certificate of incorporation and registered articles of incorporation.
- -Resolution on Audit Waiver (if applicable).
- -Preparation of minutes of the inaugural general meeting of shareholders and directors.
- -Filling out the register of shareholders and directors.
- -Write a stock certificate.
- -Appointment and registration of local manager residing in Ireland (1 year).
- -Registered address service 1 year.
- -Corporate tax and VAT registration.
- -Obtain an EORI number (if necessary).
- -Certified copies of corporate documents.
Services · 05
Local Director, Bank Account, Renewal & Documents
Local Director Service (1 Year)
Ireland Local Director Registration Service for 1 Year: USD 5,500
Service Includes: Registration of one Ireland local director in the corporate documents in accordance with Ireland local regulations
Additional Appointment of Ireland Local Director for 1 Year: USD 2,500
Bank Account Opening
Ireland Bank Account Opening: USD 1,200
Local Director Benefits
*Enhances Irish tax residency status (e.g., mitigates deemed dividend issues under Article 27 of the Republic of Korea's International Tax Adjustment Act), enables remote account opening, and secures tax treaty benefits.
Service Inclusions:
1. Signing corporate documents
2. Ensuring the company consistently complies with local regulations
3. Managing corporate documents and legal registry
4. Maintaining accounting records
5. Liaison with local banks
6. Preparation of annual accounts and tax returns (equivalent to USD1,200 if provided as a separate service)
Annual Company Renewal Fee: USD 2,500
- Included Services:
- 1. Annual Return (Form B1)
- 2. Annual company secretary registration and corporate secretary services
- 3. Annual registered address and mail handling services
- 4. Annual General Meeting (AGM) documentation preparation
- Additional Services (Quoted Separately):
- 1. Local office leasing and related services
- 2. Employment permits for non-EU residents
Requirements and required documents for incorporation:
Passport & Identity
- 1. A copy of the shareholder/director's passport
- 2. Original fact authentication for the passport copy of the shareholder/director
- - Korean passport: English passport copy certificate (issued by the ward office) – View sample
- - Passport from other countries: Certified True Copy or Notarial Certificate – View sample
Address Proof
- 3. Two types of documents for the most recent (within 3 months) address in English for shareholders/directors (however, the address must be the same)
- - Residency in Korea: English certified copy (community center) + Scan the front/back of the driver's license – View sample
- - Residence in another country: Utility Bill + Bank Statement (or equivalent official document) – View sample
- 4. Fill out the application for incorporation
*If you wish to open an account after establishment, please contact us in advance.
Apply · 06
Application Forms
Submit your application
FAQ · 07