Ireland’s business-friendly environment attracts entrepreneurs from around the world. But navigating the company setup process can be daunting. This guide explores key considerations, requirements, and essentials to ensure a smooth launch for your Irish company.


Setting up a company in Ireland offers a wealth of opportunities thanks to its business-friendly environment. However, to ensure a successful company setup, entrepreneurs must navigate a complex landscape of regulations, tax requirements, and operational considerations. This guide explores five major pitfalls to avoid, providing you with essential insights to facilitate a smooth and compliant company setup in Ireland.

Company Structure Considerations:

  • Company Name: Choose an available name at the time of your company setup that is unique and complies with regulations (ending in “Limited” or “Teoranta”). Check availability via Companies Registration Office (CRO).
  • Selecting Right Structure: Consider tax implications and liabilities while selecting the company structure, these include sole trader, partnership and limited company. 
  • Registered Office Address: Have a registered physical office address where legal documents can be sent in Ireland.

Read More : 8 Step Ultimate Guide to Set Up a Limited Company in Ireland for a Non-EEA Director or Foreign National.

Company Setup in Ireland
  • Rushing Over Registration: Understand regulations governing naming conventions, shareholding agreements and compliance to avoid delay.
  • Mandatory EEA Resident Director: One of the directors must be a resident in the European Economic Area (EEA).
  • Mandatory Company Secretary: The company must have a secretary, who may be an individual or another company. The secretary oversees operations, compliance and regulatory requirements. A company secretary may not be the same person as a sole director
  • Important Company Constitution: This document outlines internal governance rules between directors and shareholders i.e., director rights/obligations etc, this extremely important at the time of company setup.

Read More : Limited Company Formation In Ireland – Step by step guide.

Tax Considerations:

  • Tax Registration: Register with Revenue Commissioners for taxes like Corporation Tax and VAT.
  • VAT Registration: VAT registration requires physical presence and operations in Ireland.
  • Favourable Corporation Tax: If managed and controlled from Ireland, then the company qualifies for the low corporation tax rate of 12.5%.
  • Non-Resident Tax Rate: If the company is managed and controlled outside of Ireland, then the rate would be increased to 25%.

Your Team Considerations:

  • Invest in right people: Saving money by hiring the wrong people can be short-sighted. Prioritise skills and experience and build a strong team.
  • Prioritise profitability: Don’t focus too much on sales that you forget about profitability. Keep a close eye on your expenses as well.
  • Employer Registration: If you plan to hire employees, you need to register as an employer with Revenue Commissioners.
Company Setup Team

Operations and Additional Considerations:

  • Professional Services: Get an accountant and solicitor for bookkeeping, tax compliance and legal issues.
  • Permits and Licences: Legal permits or licences relating to any specific industry must be acquired before starting your business.
  • Banking: Open a business bank account locally to manage the company’s finances in Ireland.
  • Planning Financial: Create a realistic financial plan to avoid cash flow problems in the future and never underestimate startup costs.
  • Business Insurance: Have suitable insurance cover for your enterprise so that it is cushioned from potential risks
  • Data Protection: GDPR regulations provide very stringent data protection rules which should apply when handling customer information.


Irish Government Website 

Companies Registration Office (CRO) for Company Setup: 

By knowing these important pitfalls; you can confidently start with the company setup in Ireland. Always remember that professional advice from Bradán Accountants could help you navigate through intricacies of law and compliance in Ireland.


Successfully navigating the company setup process in Ireland requires careful planning and adherence to legal, tax, and operational requirements. By avoiding common pitfalls and seeking professional advice, you can establish a solid foundation for your business. Remember, a well-executed company setup is the first step towards achieving long-term success in Ireland’s thriving business environment.

For expert guidance, consider consulting with Bradán Accountants to streamline your setup process and ensure full compliance with Irish laws and regulations.

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