Ireland Private Company Limited by Shares – Yearly Requirements

Ireland company formation - requirements

Yearly Requirements of Irish company:

Annual return – The first-time filing is called the Initial Return (B1). Following filings are called Annual Return (B1). Initial Return has to be filed within six months from the date of incorporation. It is recommended to order this service; we will insert your request to our intranet and will secure your obligation with local government. Government cost is $ US 30.

Annual General Meeting (AGM) must be kept within 18 months of incorporation and thereafter on an annual basis. Company secretary takes care of the whole process.

Accounts need to be submitted to Companies Registration Office (CRO) with the B1. The first set of accounts is due to be filed 18 months after the company is incorporated

Audit – If turnover is less than 350,000 EUR (approx. 525,000USD) in any fiscal year, no corporation tax is payable. If turnover exceeds 350,000 EUR (approx. 525,000USD) or taxable profit exceeds 40,000 EUR ( approx. 60,000USD) corporation tax is payable at 12,5%. These are very good rates. Good for start up business. There is no requirement to audit accounts, providing turnover does not exceed 7.5 million EUR (approx. 11,25 mil USD).

Incorporate Ireland company.