Company Setup Costs Ireland
So you want to know how much it will cost you to set up an Irish Limited Company? Well, you're not
alone. 4 of 8 searches related to "Set up a Company in Ireland" are asking for the
price to register an Irish company.
Fair enough. We don't want to overpay for anything. Actually, there's more to it
than just incorporating a company. Everybody
has different requirements and you could
end up paying more than €1,000 with a lot of Irish company formation providers. To
calculate how much you will pay for Irish company formation, you need to understand the company registration
As an aside, always remember:
By far the cheapest thing about owning a company is the incorporation costs. The annual running
costs are usually higher.
In order to register a company with the CRO, you need to prepare the following:
- Company Name
- Registered Address
- Company Secretary
- Share Capital and Shareholders
Let's quickly run through each to find out what the total cost could add up to.
1. Company Name
Ok. Simple enough. "I just choose a company name and that's free." Well, yes and no.
Yes. The name is pretty much free. But, no, you don't just choose any name and register it.
Firstly, as you might have guessed, you can't use the same name as another company already registered.
Secondly, and importantly, you company name has to be sufficiently distinguishable from other company names
already registered. This is such a common basis for the CRO to refuse a company name registration.
It is for this reason that we have a
Free Company Name Check Tool
built into the website. You just fill in your proposed company names and we email you back within minutes
to let you know if they would be considered by the CRO. The CRO still has the authority to refuse a name,
but this method gives certainty that the name passes their system checks.
HINT: The more words you add to your company name the more distinguishable it becomes.
Thirdly, there are a number of restricted words that you cannot use, such as "Bank",
"University" and, something which catches people out, domain name extensions (".com", ".ie", etc).
You can read more about the company name restrictions under our dedicated Guidance page
if you want to know more
2. Registered Address
Every company must have a registered address in Ireland. Most people use their home
or business address as the registered office. Some people don't want to use their home address because,
for example, the are renting or they don't want the world to know where they live.
There are businesses that allow you to use their address as your registered office at
prices starting from €240 + VAT. You can read more about Registered Office Providers
and compare the different offerings.
3. Company Secretary
Legally, anybody can act as Company Secretary, including other companies. For companies with
only one Director, the Company Secretary must be a different person. For individuals who set up a single
member company, it is not always straightforward to find somebody to act as the Company Secretary.
Under the Companies Acts 2014, the Company Secretary can be subject to fines, however unlikely they are to occur.
With this in mind, there are Company Secretary Nominee service providers who will act
as your company's Company Secretary for an Annual Fee. You can compare the prices of the different service
and also get a better understanding
of the Company Secretary's role.
The rules around Directors are generally quite straightforward. Only individuals can act
as Directors and at least one director should be EEA resident. If there are no EEA resident directors then
the company is required to hold a bond (basically, take out insurance covering potential fines under Corporate and
Tax legislation) to the value of €25,000. You can also pay someone to act as Non-Executive Director.
5. Share Capital and Shareholders
The Issued Share Capital of a Company is the total number of shares issued to a Shareholder.
The value of these shares represents the liability of the Shareholder to the company. It is good practice to
keep this figure low, typically €100 worth of shares in total, in order to minimise your exposure to the
company. You can read more about Shares and Shareholders
Company Registration Price Comparison
The price of the basic company setup package with the different service providers varies greatly.
The table below lists the advertised cost on the websites of some of the main providers in Ireland as at
1 December 2018. The service
provided by each business listed belos is quite similar and only covers the standard incorporation of a
company. Tax registration, company seals and other add-ons will cost more.
Company Registration Service Provider Price Comparison
||TOTAL COST (INCL VAT)
Tax Registration Costs
A lot of people don't think about registering their company for tax once they incorporate. However, every
company needs to register for Corporation Tax within 30 days of commencing to trade.
When deciding whether to register for VAT, you can consult Revenue's article
Who should register for VAT?
Just be aware that you may require an accountant's help to file VAT returns, so this will add to the
running costs of the company.
Companies use a company seal to certify its documents. Under the Companies Act 2014, a
company shall have a common seal stating the company's name. You can purchase a company seal for a total
of €39 including VAT and free delivery from Incorporate Ireland here
Keep in mind that we have just covered the initial set up costs for a limited company above. The
costs of bookkeeping and maintaining compliance with Corporate and Tax law are high and should be
evaluated before incorporating. "How much does it cost to RUN a Limited Company in Ireland?"
is the next question you should be asking yourself.