Ireland Subsidiary Entity Set Up

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Ireland Entity Set Up

Global expansion into Ireland generally means that you need to set up an in-country entity. However, by partnering with us you create the possibility to bypass this process and utilize our Irish entity. By using our PEO service we take care of the complicated paperwork.

Expanding into a new country is always an adventure, but we believe this adventure should be exciting instead of just frustrating and time-consuming. Therefore, we have been supporting companies in over a hundred countries with their expansion plans.

How to set up an Irish Subsidiary

  • Register the name of the company with the Companies Registration Office (CRO) 
  • Submit Form 1A and the constitution for a limited company
  • Articles of association should detail business activities and company shareholders, directors, and other officers
  • Appoint a minimum of two directors, including at least one citizen of the European Economic Area (EEA)
  • Appoint a company secretary and a maximum 99 shareholders
  • Register an office in Ireland
  • Submit parent company’s resolution to create a subsidiary
  • Receiving a certificate of incorporation from the CRO once all documents have been approved and signed.
  • Registering for Employment Taxes (PREM) with the Revenue by completing Form TR2 and submitting to the local Revenue Registration Unit for the relevant location
  • Completing Form TR2 (FT) to obtain PREM tax registration for non-resident companies with no physical presence in Ireland
  • Obtaining a Personal Public Service (PPS) number, which acts as a national tax registration number for company directors
  • Registering with the Social Insurance Fund for Pay Related Social Insurance (PRSI) deductions for employees
  • Open a corporate bank account for all financial transactions and to deposit any initial share capital, if required according to company type

Benefits of setting up a Subsidiary in Ireland

Ireland has become an increasingly attractive option for foreign enterprises targeting international expansion. Setting up a subsidiary in Ireland will open the route into one of Europe’s fastest-growing economies, with prosperous consumers, a well-educated and highly skilled workforce.

Multi-nationals, hi-tech companies, financial services, and pharmaceutics corporations find Ireland to be a desirable base for their operations. Foreign Direct Investment (FDI) grew in 2021 and the World Bank ranked Ireland 24th out of 190nations in its 2020 Doing Business Report.

As the only English-speaking nation among the EU’s Eurozone members, Ireland opens the gateway to its 450 million consumers in both Western and Eastern Europe.

These attractions add to the benefits of setting up a subsidiary, which include:

  • The subsidiary is a separate legal entity to the parent company
  • The subsidiary has the flexibility to operate under its own business name and pursue independent business activities once it has obtained any necessary licenses
  • The subsidiary will boost the international profile of the parent company
  • The subsidiary has the same legal standing as local companies and can be eligible for government tax incentives and benefits
  • The parent company is not liable for the obligations and debts of the subsidiary