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The Republic of Ireland Company Formations

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The Republic ofIreland or Eire as it is sometimes  knownis situated west of the UK and the Isle of Man. It has a population of 3.5million people, but this has  grown overthe last few years due to the Celtic Tiger phenomena , ie 10% annual economicgrowthIt adopted theeuro in 2002 replacing the Irish pound. Its official language is Englishalthough Gailic is spoken especially on the Arran Islands and forms part of theschool curriculum.

It has a democraticelected Government which is completely independent of the UK, becoming a  Republic in 1949. It however maintains closerelations with the UK both on a commercial and political basis. Mr Tony Blairformer British Prime Ministir  addressmembers of Dail Eireann in one of his vist to Ireland.

Eire has benefitedgreatly from membership of the European Union and have excellent road, rail andaviation structures.The FinancialService industry has also expanded over the last few years. Its equine industryenjoys favourable tax status. Beneficial owners may remain confidentialprovided they are corporate. Ireland has also numerous double taxation treaties

Here are some ofthe features of a resident private company

Minimum subscribed members     one, but normally two    
Minimum number of directors   two, not corporate
Need for directors to be locally based no, but one must be resident    
Company Secretary    Yes, corporate allowed
Usual  Authorised Share Capital      Euros 10,000 no upper limit
Paid up Share Capital requirement   two shares at par
CorporationTax     12.5%
Accounts Required  yes
Requirement to file accounts      yes
Audit Required       yes but with exemption
Annual Return    yes

We at RoyalCompany Formations would be happy to assist you in all your Corporate needs inIreland.
 
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