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Frequently Asked Questions

  • HOW LONG IT TAKES TO SETUP A COMPANY IN IRELAND?

    Normally, it takes 3-5 working days once the documents are submitted to the Company registration office (CRO). You need to select a package from the three packages from our website and fill in the details and submit the form.


    https://www.setupyourcompany.ie

  • CAN THE SAME PERSON ACT AS DIRECTOR AND COMPANY SECRETARY?

    YES & No Please note under Irish corporate legislation, the same person cannot act as sole director and as company secretary, you will need to appoint a second person as company secretary, this is because you need two individuals to sign the documents, if you do not have a second person in business with you we can act as your company secretary, we charge €199+vat a year for this service. (Section 134 of the Companies Act 2014).

  • WHEN YOU HAVE TO REGISTER YOUR COMPANY FOR TAX IN IRELAND?

    It is mandatory for all Irish companies to register for Corporation Tax within one month of trading. The Corporation Tax rate in Ireland currently stands at 12.5% for trading income and 25% for non-trading passive income. Companies with non-resident directors may need to demonstrate an active trade in Ireland to successfully register. 


    A company should demonstrate the presence of the following in Ireland to register for corporation tax:


    • Trading activity

    • Physical premises

    • Employees

    • Central management and control (Board meetings in Ireland)


    Key Registration Requirements & Timelines:

    • Corporation Tax: Mandatory within one month of commencing trading.

    • Employer Registration (PAYE/PRSI): Required before you pay any employee or director.

    • VAT Registration: As of 1 January 2025, Irish VAT registration is mandatory if your turnover exceeds or is likely to exceed €85,000 for goods or €42,500 for services over a 12-month period. If a mix of goods and services is supplied, registration is required if 90% or more of turnover comes from goods and the threshold exceeds €85,000, otherwise the lower service threshold applies

    • Business Name: If trading under a name other than your own, you must register with the CRO within one month.



    It takes around 2-3 weeks on average to get the tax numbers, so we recommend starting as early as possible. We can help you to register, click on the link below to start the process.


    https://www.setupyourcompany.ie/premium-package/-p142149247


  • HOW TO GET THE VAT NUMBER IN IRELAND?

    VAT is essentially a sales tax and tax on consumer spending. It is not mandatory to register for VAT unless certain thresholds are reached – €80,000 for goods and €40,000 for services. If your business is VAT registered, you must charge VAT on all vatable sales but can reclaim the VAT incurred on purchases. The standard rate for most goods & services is 23%. 


    To successfully register for VAT in Ireland, the business must have a permanent establishment in the state and human and technical resources to give rise to sales in Ireland.


    Each company must meet certain requirements, such as:


    • Having its own physical premises in Ireland, with human and technical resources.

    • Having either an employee or director living in the country to show that there are individuals looking after the daily running of the business.

    • Finally, the company must show evidence of trading to register for VAT.


    Businesses applying for an Irish VAT number may choose either ‘Domestic’ or ‘Intra-EU’ number. The Intra-EU number will provide a VAT number useable for nil-rating acquisitions and dispatches of goods and services to other businesses within the EU.


    We can help you register for VAT and other relevant taxES in Ireland. It takes around 2-3 weeks on average to get the tax numbers so we recommend starting as early as possible. Click on the link below to start the process.

    https://www.setupyourcompany.ie/Company-Secretarial-Services/-p142149247


    The above article is for guidance only and does not constitute a legal advice!

  • WHAT IS REQUIRED TO BE FILED IN FIRST YEAR WHEN COMPANY IS SETUP?

    ANNUAL RETURN: An annual return has to be filed with the Companies Registration Office (CRO) every calendar year, regardless of whether the company is trading or not. The first Annual Return needs to be filed at 6 months after the incorporation date. You do not need to file the Accounts with the first annual return. We can prepare the Annual Return for you at a cost of 100+ VAT. The second year Annual return falls after one year of the date of first annual return and require accounts to be filed with it.


    RBO: All Irish Companies have a statutory obligation to file their Beneficial Ownership information with the central register within 5 months of incorporation. We can prepare the Annual Return for you at a cost of 99+ VAT.

  • WHAT IF YOU MISSED YOUR ANNUAL RETURN FILING?

    If you missed your Annual Return deadline with the Companies Registration Office (CRO) your company will be subject to an immediate late filing fee of €100 with a further €3 per day for every day thereafter, up to a maximum of €1,200.


    Your company will also lose its audit exemption and will be obliged to have its financial statements formerly audited, for a two year period after you file your annual return late. This results in higher accounting costs €1000-€2000 per year for an audit in addition to the CRO penalties and greater scrutiny of your  company accounts.

    We can help you with your late annual return, to ensure that you will not be incumbered by late filing penalties and 2 years of audit, by applying through district court to extend your annual return date and avoid huge penalties. Contact our experienced staff who can assist you in this matter.

  • CLOSING A COMPANY

    If you have decided to close down or strike off your company, We can arrange to have your company taken off the Register. The cost of doing so is € 250 plus VAT, and the additional cost of a newspaper ad (a legal requirement) is included in this fee. For more details click on the link below.


    https://www.setupyourcompany.ie/Company-Secretarial-Services/Voluntary-Strike-Off-p125382389

  • CRO REQUIREMENT FOR DIRECTORS TO PROVIDE PPS NUMBER

    From 23 April 2023, the Companies Registration Office (CRO) introduced a new requirement for all company directors to provide their Personal Public Service Number (PPSN) when completing certain statutory filings. This change is part of the Companies (Corporate Enforcement Authority) Act 2021 and aims to increase transparency, strengthen identity verification, and prevent fraud.


    All Irish companies must ensure that every director is prepared to disclose their PPSN when making key filings with the CRO. The PPSN will be used exclusively for identity verification and to accurately link directors to the companies they are involved in. Importantly, a director’s PPSN will not appear on the public register.


    When Must Directors Provide Their PPSN?


    Directors must provide their PPSN when submitting any of the following CRO statutory forms:


    Form A1 – Incorporation of a new company


    Form B1 – Annual Return filing


    Form B10 – Notification of a change of director or change in director details


    Form B69 – Declaration of cessation of director or secretary


    These filings will not be accepted by the CRO without a valid PPSN or another approved identity number.


    What If a Director Does not have a PPSN?


    Directors who do not hold a PPSN—such as non-resident or international directors—must apply for a An IPN (Identified Person Number) by submiiting a VIF form to the CRO, IPN is a unique identifier issued by the Companies Registration Office (CRO) in Ireland for directors who do not have a Personal Public Service (PPS) number. This IPN can then be used in place of a PPSN for future filings. 

  • REFUND AND CANCELLATION POLICY

    Under the European Union (Consumer Information, Cancellation and Other Rights) Regulations 2013, consumers purchasing services remotely may have a 14-day cancellation period.


    If the client chooses to proceed with the service immediately, they acknowledge and agree that work may begin before the end of the 14-day cancellation period.


    Cancellations made within 14 days may be eligible for a refund minus the value of any work already completed.


    After 14 days from the date of agreement or invoice, payments are non-refundable unless otherwise agreed in writing.


    Terms and Conditions

    The purchase or request of any professional service through our website, platform, or other communication channels shall not constitute a legally binding agreement for the provision of such services until the Company has completed its internal review and has formally accepted the engagement.


    All service requests are subject to the Company’s internal compliance, risk assessment, and client acceptance procedures. 


    Linenhall Promotions Limited reserves the absolute right, at its sole discretion, to decline or refuse the provision of any services at any time .


    Reasons for refusal may include, but are not limited to:


    • The nature, scope, or activities of the client’s business;

    • Regulatory, legal, or compliance considerations;

    • Anti-money laundering (AML) or know-your-client (KYC) requirements;

    • The client’s geographical location or jurisdiction;

    • Incomplete, inaccurate, or unsatisfactory information provided by the client; or

    • Any other risk or factor that the Company considers relevant.


    Where a service request is declined after payment has been made, the Company will notify the customer and arrange a refund of the relevant fee, less any administrative or processing costs incurred where permitted by law.