Do you know how much does it costs to set up a limited company in Ireland? Read our article to find out what you need to know!
The limited by shares company is the most common type of business structure in Ireland.
If you are interested in setting up a limited company in Ireland, discover the list of costs that you will have to face by reading our article.
- New Business Name Registration Costs
- Limited Company Registration Taxes
- Other Registration Taxes
- Other Costs
New Business Name Registration Costs
When you start a limited company in Ireland, the first thing you need to do is to register the name of your business with the Companies Registration Office (CRO).
For the registration you need to submit the required forms to the CRO, along with the registration fee: 40 euros for paper filling or 20 euros for electronic filling.
Limited Company Registration Taxes
When it comes to taxes for registering a new business with CRO, for limited companies the registration fee is 300 euros and you can submit it only via paper format.
Other Registration Taxes
When you set up a limited company in Ireland, you should consider that there could be other registration taxes, like the VAT registration and the employer tax registration.
You will need the VAT registration only if you sell more than 37,500 euros in services or 75,000 euros in goods.
If you hire someone, you must also pay the employer tax registration nine days after hiring your first employees.
Another important thing that you should keep in mind if you want to set up a limited company in Ireland is the property cost.
You can either choose to rent ot to build your office. For example, in Dublin the office rental is 646 euros per month on average, and the office building construction cost is up to 3,065 euros per square meter.
When setting up a limited company in Ireland you also need to consider the Irish labour costs, which is 30.90 euros per hour on average.
You should keep in mind that the labour costs depend on the industry. For example for the utilities sector it is 55 euros per hour, and in the food industry it is 16 euros per hour.
For more information on starting a business in Ireland, read our article about the registration of a business name in Ireland!