Ireland Business Start Up
The Ireland Business Start Up visa is tailored specifically for those who meet the following criteria:
- There is an existing, well established and identifiable business in South Africa. This does not need to be a big business e.g. one client has 15 full time staff in SA (Web Design company)
- They are expanding overseas
- They wish to setup an Irish company
- They wish to relocate a skilled executive to Ireland and do this via a Critical Skills visa.
For a detailed breakdown of the Customer Journey, Click Here.
Frequently Asked Questions
What tax rate will apply to my Irish company?
The corporate tax rate for a company in Ireland is currently 12.5%, among the lowest in Europe.
How long does it take to complete a company registration?
A company registration can normally be completed in 3-4 working days, from the date of receiving signed application documents.
Do I need to visit for setting up a company in Ireland?
No, your physical presence is not required in Ireland in order to incorporate a company. Signed application and identity documents can be sent by post in advance of your company setup. However, we always like to invite our clients to Dublin or Cork to meet us where possible.
What is the minimum share capital requirement for an Irish company registration?
The minimum issued share capital for an LTD company is €1. Authorised and issued share capital can be selected at the point of incorporation based on your preference. Our standard incorporation will have 100,000 authorised shares of €1 each, with €100 issued.
Can you have a single director company in Ireland?
Currently an Irish company registration requires just one director, with a separate person acting as Company Secretary.
Can anyone act as a company secretary?
Technically, yes, once they are 18 or over. There are no official educational requirements needed to act as Company Secretary, however it is important to note that Irish company directors have a duty to ensure that the Company Secretary has the skills and resources necessary to discharge his or her duties. It is common for company directors to employ the services of a professional company secretarial firm. Nathan Trust offers the service of a professional nominee Company Secretary.
Setting up a company in Ireland as a foreigner
For those residing outside the EEA, there are two options. Either you can purchase a bond, which insures the company against fines for any offences under the Companies Act, this bond would need to be renewed every 2 years. The other option would be for the Irish company to appoint a non-executive or “nominee” director to the board to satisfy residency requirement.
What is a company secretary?
The Companies Act 2014 stipulates that every company must have a company secretary. As for their duties, the act states:
“The duties of the secretary of a company shall, without derogating from the secretary’s statutory and other legal duties, be such duties as are delegated to the secretary, from time to time, by the board of directors of the Company”.
These duties entail:
- Co-signing the annual return with one of the director(s) of the company.
- Maintaining the statutory registers of the company.
- Maintaining up to date minute books of meetings of the Board and the AGM.
- Ensure that all filings made in the Companies Registration Office.
The company secretary does not have voting rights at board meetings and cannot make any board level decisions unless the company secretary is also a director.
How long does it take for setting up a company in Ireland?
It usually takes between 3-5 days, once anti-money laundering (AML) checks have been completed. For AML we require the following:
- 1 * certified copy of Passport.
- 1 * certified copy of utility bills. These need to be dated within the last 3 months.
- If the shareholder is a company, we will need to see the Cert of Incorporation. We need to identify the Ultimate Beneficial Owner is.
For more details on the Customer Journey during this process, Click Here.
Benefits of the Irish Work Permit
List of ICT positions that can avail of this Work Permit
Critical Skills List: https://dbei.gov.ie/en/What-We-Do/Workplace-and-Skills/Employment-Permits/Employment-Permit-Eligibility/Highly-Skilled-Eligible-Occupations-List/
The candidate will need to have a job from an Irish Company. The Irish Company applies for the work permit.
- The skills are identified as being in short supply.
- Permit holders can apply for immediate family reunification and once their dependants/partners/spouses are resident in the State they are eligible to seek any employment and apply for a Dependant/Partner/Spouse
- Employment Permit.
- Permit holders may apply to the Irish Naturalisation and Immigration Service for permission to reside and work without the requirement for an employment permit upon completion of the Critical Skills Employment Permit’s duration (5 years).
- Visa is for 2 years, and then you can get a 3 year extension.
- Minimum annual salary for this work permit is €60,000.
- The prospective employee must possess the relevant qualifications, skills and experience that are required for the type of job.
- They are ‘locked in’ to their new job for the first 2 years of employment.
- If they are made redundant, they have 4 weeks to inform the government and then 6 months to find another job.
- After 2 years of they are free to look for other jobs in Ireland.
- There is no age limit but we recommend they are not older than 55.
- Dependents are children under the age of 18. People in full time education between 18-23 are also considered dependents.
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Fields marked * are mandatory and must be completed