Virtual Subsidiary Group

In Ireland there are multiple types of legal entity structures, such as:

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• Private Limited Company (LTD).

• Public Limited Company (PLC).

• Unlimited Company (UC).

 

Private and Public Limited Companies / Ltd and PLC​

All companies must file an annual return with the Companies Office at least once every calendar year. With the exception of the Company’s first Annual Return, Companies must attach a copy of their accounts to the annual return filed with the Companies Registration Office (CRO). The accounts attached to an annual return must be made up to a date which is not more than 9 months earlier than the effective date of the return. For ltd companies the minimum share capital is one share per shareholder. For plc companies the minimum capital is EUR 25,000.

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Unlimited Company / UC​

All companies must file an annual return with the Companies Office at least once every calendar year. With the exception of the Company’s first Annual Return, Companies must attach a copy of their accounts to the annual return filed with the Companies Registration Office (CRO). The accounts attached to an annual return must be made up to a date which is not more than 9 months earlier than the effective date of the return. The minimum share capital required is EUR 25,000.

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On formation of a company a bank account must be maintained.

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After the formation the company must register for Corporation tax, VAT and Payroll taxes.

 

Corporation Tax:​ The rate for Irish resident companies is 12.5%. All companies incorporated in Ireland are deemed Irish residents.

 

VAT:​ The general VAT rate is 21% with effect from 1 January 2010, with a lower rate of 13.5% and 0% applying to certain goods and services.A company needs to register for VAT if its turnover from the sale of goods exceeds €75,000 or if its turnover from the provision of services exceeds €37,500.