Foreign companies wanting to have a permanent establishment in Ireland may choose to open a subsidiary or a branch office. When deciding the type of company to register, foreign corporations will usually take into account the Irish taxation system and the degree on independency of the company.
Irish subsidiaries are independent entities, meaning they may undertake their own commercial activities. Subsidiaries are usually registered as limited liability companies in Ireland because the parent company’s liability will be limited to the share capital invested. The minimum requirements to open a subsidiary in Ireland are:
Our experts in company formation in Ireland will help you with the subsidiary registration procedure. Furthermore, our team can provide you with other business related services, such as the opening of a corporate bank account in Ireland.
The registration procedure of branch offices in Ireland falls under the EU Regulations on Branch Disclosure. The incorporation of Irish branch offices is quite simple and the Government also provides several incentives to companies opening branches in the country.
The representatives of the foreign company are required to submit the following documents with the Companies Registration Office in Ireland:
Additionally, the branch office must have a representative and a registered office in Ireland.
When it comes to deciding on the type of company to set up in Ireland, there are certain criteria to be taken into account: