Nexus Ventures answers your queries related to taxation and company tax in Ireland
Here you will find 95% of the questions that our clients have asked us before hiring a service with us.
However, should you have any questions that do not appear answered in this list, please do contact us and an expert advisor of Nexus Ventures LTD will answer you in as soon as possible.
There is no minimum share capital for the constitution of a company in Ireland. We recommend setting up the company with a social capital of one hundred thousand euros (€ 100.000), and the issue of € 100. The capital that your company needs for its activity can be deposited in the form of a loan from its Director and / or Owner.
No. At Nexus Ventures we offer you the possibility of having the address of your company at our registered office.
Every company must have a Director and a Secretary. The Director may be a person not resident in Ireland but the Secretary, although he may be a non-resident as well, has to be the link between the company and the Irish Revenue. In the event that your company has two Directors, one of them can be the Secretary. At Nexus Ventures we offer you the possibility to be your Company Secretary.
No. In Ireland, a company does not need to have the contribution of its Administrator (Director). He will be able to have a salary when his company decides it, and will contribute at that moment.
- The general VAT tax rate in Ireland is 23%.
VAT can be voluntary if your company does not exceed certain thresholds of turnover in any period of twelve months.This threshold will vary depending on your activity (products, services, online sales …).
The registration process of your company to obtain the VAT number can take more than 20 days.
VAT returns in Ireland are bimonthly and you can request the refund of VAT in every submission.
Nexus Ventures offers you the service of processing the VAT registration of your company, as well as VAT returns and the rest of your tax liabilities.
Like in every country, you must carry out the accountancy with the accounting records of the day to day of the company, for the correct compliance of tax liabilities of Ireland. Submission of Corporate Tax (currently 12.5% for all services and business companies). Submission of Annual Accounts and Financial statements (relevant report regarding the sources of financing of your company). At Nexus Ventures we take care of all these procedures.
- Can Nexus Ventures Ltd. take care of the compliance of my new company in Ireland with the accounting and tax liabilities required in the country?
Yes, of course.
- What other services can Nexus Ventures Ltd. offer me for the good integration of my company in Ireland?