Our Services - Offshore Company Formation, Nominee Director, Nominee Shareholder, Mail forwarding and Bank Accounts

Offshore Formations 247 specialize in Republic of Ireland company formations ranging from simple company registrations to complex structures including offshore Trusts and in providing a very comprehensive assortment of administrative services to Republic of Ireland companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a 'transfer in' service whereby we can take over the management of your existing Republic of Ireland Offshore Company, often for no cost at all. Our specialist Republic of Ireland company formation and company registration team:

• Retains well-established affiliations with local company agents in the Republic of Ireland
• Maintains an experienced staff with knowledge of legal requirements for company formation in Republic of Ireland
• Guarantees that all company filing fees and documents are up-to-date and notifies clients of all Republic of Ireland compliance changes

Call our specialist Republic of Ireland company formation team FREE on 0808 168 3676. If you are calling from outside the UK, please call us on 0044 (0) 208 492 6388

The Republic of Ireland Offshore Companies and their Tax Liability

The Republic of Ireland has one of the lowest rates of corporation tax in the EU, just behind the Isle of Man and the Channel Islands, which currently have a 0% rate, and Cyprus and some Eastern European countries which have a 10% corporation tax rate. It is one of the lowest in any developed economy in the world. So it's not surprising that Ireland's offshore sector has boomed. Ireland is on the OECD 'white list' and has numerous exchanges of information agreements for tax purposes. Ireland has been a very popular alternative 'offshore' choice for many multinationals which have transferred some of their operations to Irish companies to reduce their overall effective tax rate. Ireland therefore offers excellent tax-saving opportunities at both the corporate and personal level.

Double Taxation Agreements

Ireland has a very extensive network of double tax agreements in force. The treaty countries include: Albania, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia & Herzegovina, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong (June 2010), Italy, Israel, Japan, Latvia, Lithuania, Luxembourg, Mexico, Morocco (June 2010) Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Russian Federation, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates (July 2010) USA, United Kingdom.

Republic of Ireland Offshore Company Banking

Offshore Formations 247 can incorporate Republic of Ireland companies with an offshore bank account at the time of company formation. We work closely with a number of banks, and in particular AIB. Combining the two saves time and couldn't be simpler.

Republic of Ireland Offshore Company Formation / Registration

Offshore Formations 247 are able to incorporate a Republic of Ireland offshore limited company. Company formation normally takes up to 5 days to register a new company.

Republic of Ireland Offshore Company Shares

There is no capital duty payable on the authorised capital of a Republic of Ireland offshore company. There is a 1% capital duty payable on the issued share capital. There is no maximum authorised capital. The minimum issued capital is two shares of par value. "Ordinary" and "Preference" shares. Preference shares provide a benefit over and above those available to the holder of ordinary shares. In most cases the preference will relate to voting rights and/or payment of company dividends depending on the provision of the Memorandum & Articles of Association.

GENERAL

Types of Company Structures	Private Limited Company, Public Limited Company, Partnerships, Branches.
Shelf Companies	Not available
Law	Based on English Common Law
Currency	Euro (€)
Minimum Government fees (excluding taxation)	€60
Corporation Tax Rate	12.5%
Double Tax Treaty	Yes

SHARE CAPITAL OR EQUIVALENT

Minimum No. of Shareholder	1
Maximum No. of Shareholder	50 (in case of private company)
Share Denomination	1 Euro (€)
Usual authorised capital	1,000,000 €

DIRECTORS AND COMPANY SECRETARY

Minimum number of directors	2 - individuals
Resident Director Requirement	Yes. (At least one of the directors must be a resident in the European Economic Area (EEA).
Secretary Requirement	Yes - Individual / Corporate
Meetings	need not to be held in Ireland

ANNUAL REQUIREMENTS

Annual return	Yes
Annual Return Filing Fee	EURO 40

REQUIREMENTS MUST BE MET IN ORDER TO INCORPORATE AN IRELAND COMPANY

Submission of M & A of Association to Registrar of Companies	Yes
Individual Directors not corporate entities	Yes
Complete a NACE Code	Yes
Official Seal. (Demand of Ireland Law)	Yes
Account Preparation.	Yes
Annual Filing of Accounts.	Yes
Publicly Accessible Accounts.	Yes
Account Auditing.	Yes
Filing of Annual Return.	Yes

• The minimum number of directors is two, one of who should be resident the European Economic Area (EEA). Directors must be natural persons
• Companies which do not have at least one director which is resident in the EEA are subject to a €25,395 bond being paid up
• The minimum number of shareholders is one
• A company secretary is mandatory
• All companies are required to file audited accounts
• Every company, whether trading or not, must file and annual return each year at the CRO not later than 28 days from its statutory annual return date
• The corporate tax rate is currently 12.5% on trading income and 25% on non trading income
• Ireland has a very extensive network of double tax agreements in force with 45 countries