Ireland is an attractive and good country for foreign businessess to do business due to low tax rate and attractive incentives scheme designed by the Irish government. Some foregin companies plant to open a subsidiary in Ireland, so what is a subsidiary company in Ireland? Setting up a subsidiary has the same procedure with open a new limited company in Ireland. Foreign businesses need to know the Irish legislation in order to invest wisely and correctly. Setting up a subsidiary is the best choice among foreign investors. Our team can support you to open a subsidiary in Ireland. A subsidiary company in Ireland can help foreign investors to have full foreign ownership while they have an independent legal entity from the oversea parent company.
A subsidiary will have the same tax treatment as all Irish-based companies, getting the same tax deductions and relief as domestic companies. In general, in order to set up a subsidiary in Ireland, you should choose your unique company, a minimum number of two directors: one of those must be Irish or EEA citizenship, a Company Secretary, at least one shareholder, Registered office address, and Business address.
While you make an application to the Companies Registration Office (CRO) and it is advisable to wait for their registration process and approval. The timescale is variable depending on the time of year. Our team can help you to fill in the application, check all the paperwork and make sure no errors before filing the application to CRO. Our software is modern and convenient so we can work together via this software, you don’t need to send paperwork or sign via post.
As outlined above, a subsidiary will have similar registration requirements as an Irish company via the CRO approval, you need to also register all the taxheads with the Irish Revenue. After Brexit, Ireland has a low corporation tax rate. Therefore, many UK investors have chosen Ireland as the best destination in EU to set up their businesses to access into the single market. With our UK and Non-EU designed service packages for foreign companies, we will handle all the work for you.
Our team will handle all the tasks from the tax registeration, file tax returns, and operate payroll for your company. Please email us with any queries at [email protected] or call us to get free advice on establishing a subsidiary in Ireland from a qualified accountant.