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Ireland is a popular place to start or relocate a business, thanks to a competitive 12.5% corporation tax rate, a skilled English-speaking workforce and full access to the European Union. Here is what you need to know to get set up.
Why choose Ireland?
- A 12.5% corporation tax rate on trading income.
- Access to the EU single market and a common-law legal system.
- A well-educated, English-speaking workforce.
- A 25% R&D tax credit and other incentives for innovation.
Key steps to get started
- Choose a business structure (usually a private limited company).
- Register your company with the Companies Registration Office (CRO).
- Register for taxes with Revenue (corporation tax, PAYE and VAT if needed).
- Open a business bank account.
- Set up payroll and accounting from day one.
Tax considerations
Trading profits are taxed at 12.5% corporation tax. You will also need to consider VAT registration, employer obligations if you hire staff, and income tax on any salary or dividends you take. Getting the structure right at the start can save a lot of money later.
Frequently asked questions
How long does it take to set up a company in Ireland?
A company can often be incorporated within a few working days once the documents are ready.
Do I need to live in Ireland to run a company here?
No, but there are requirements such as having a registered office in Ireland and meeting certain director residency rules.
What is the corporation tax rate?
The standard rate is 12.5% on trading income, with a higher rate for certain non-trading income.
Setting up in a new country involves many moving parts. If you are starting or relocating a business to Ireland, talk to Bradán Accountants — we will handle the registration, taxes and compliance so you can focus on the business.
Sources
- Revenue.ie – Starting a business in Ireland
- Companies Registration Office (CRO) – Registering a company
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