Company law in Ireland regulates the formation, operation, and dissolution of companies. The primary legislation governing companies in Ireland is the Companies Act 2014. This Act has consolidated and modernized company law in Ireland, making it more accessible and providing greater flexibility for businesses. Here's an overview of the provisions of company law in Ireland, types of business entities, the procedure for incorporation, forms, documents, fees, and taxation under Ireland's tax laws:

Provisions of Ireland Company Law:

1. Types of Business Entities: Ireland provides various types of business entities, including:
   • Private Limited Company (LTD)
   • Designated Activity Company (DAC)
   • Company Limited by Guarantee (CLG)
   • Public Limited Company (PLC)
   • Unlimited Company (UC)
   • Investment Company (IC)
   • Societas Europaea (SE)
2. Company Name: Companies must choose a unique and acceptable name for registration.
3. Registered Office: Each company must have a registered office in Ireland.
4. Directors and Secretary: Companies must have at least one director, and larger companies may require more. Private companies are no longer required to have a company secretary.
5. Shareholders: Companies can have one or more shareholders, and the shares can be held by individuals or corporate entities.
6. Financial Reporting: Companies must prepare and file annual financial statements.

Procedure for Incorporation of a Company:

1. Choose Company Type: Select the type of company structure that suits your business needs.
2. Company Name Reservation: Check the availability of your chosen company name and reserve it if available.
3. Registered Office: Establish a registered office address in Ireland.
4. Directors and Secretary: Appoint at least one director and, if needed, a company secretary.
5. Share Capital: Determine the initial share capital and the number of shares to be issued.
6. Memorandum and Articles of Association: Prepare the memorandum and articles of association, which set out the company's constitution and internal rules.
7. Form A1: Complete Form A1 (Company Incorporation Form) and submit it to the Companies Registration Office (CRO) along with the necessary documents.
8. Payment of Fees: Pay the appropriate registration fees.
9. CRO Processing: The CRO will process your application and issue a Certificate of Incorporation upon approval.

Forms, Documents, and Fees:

• Form A1: This is the main application form for company incorporation in Ireland. It requires information about the company type, directors, secretary, shareholders, share capital, and registered office.
• Memorandum and Articles of Association: These documents set out the company's constitution and internal rules.
• Registration Fee: The fee for incorporating a company in Ireland varies depending on the company type and share capital.

Taxation under Ireland Tax Laws:

Ireland's taxation system is known for its attractive corporate tax rates. As of my last knowledge update in September 2021, here are some key points related to taxation in Ireland:

1. Corporate Tax: Ireland has a low corporate tax rate of 12.5% on trading income. This rate applies to most active businesses.
2. Value Added Tax (VAT): Companies engaged in taxable supplies of goods and services must register for VAT and charge VAT on their sales. The standard VAT rate is 23%.
3. Capital Gains Tax: Capital gains tax applies to the disposal of assets. However, there are exemptions and reliefs available in certain cases.
4. Transfer Pricing: Ireland has transfer pricing rules that require related-party transactions to be conducted at arm's length prices.
5. Double Taxation Treaties: Ireland has a network of double taxation treaties with many countries to prevent double taxation of income.
6. Tax Credits and Reliefs: Ireland offers various tax credits and reliefs to businesses, such as Research and Development (R&D) tax credits and capital allowances.
7. Compliance: Companies must comply with tax regulations, file tax returns, and pay taxes on time. Annual financial statements must be submitted to the Companies Registration Office (CRO) and the Revenue Commissioners.

Please note that tax laws and regulations can change, and it's essential to consult with tax professionals or refer to the latest government guidance for the most current information on taxation in Ireland. Our team experts will help you in quick and efficient registration and compliance with the relevant laws and regulations.