Start a company in Ireland – Expand package

1Office is a company that has helped non-resident entrepreneurs to start their businesses in different countries for more that 14 years. The wide-ranged experience, professionalism and human touch describe our services the best.

Why to choose Expand package?

• The entrepreneur package is suitable for companies that have activities, transactions and a need for a dedicated accountant and a VAT number. You can also check out the Freelance package or E-commerce package.
• The package is based on monthly subscription. You don’t have to pay out all yearly costs at once and at the same time don’t have to worry about paying invoices every month manually. The subscription system does the work for you.
• Our packages are full solutions – we won’t show you the lowest price to later charge you for every additional service that you will need anyway. There are no hidden fees with 1Office. We offer you everything you need for starting your company and you don’t have to worry about the legal requirements and processes yourself.
• All packages include My Money account – 1Office customers can now access fast global transfers, borderless cards and bank-beating FX rates through My Money, your financial home. With Expand package you can open 2 accounts free of charge, all additional accounts are available for an extra fee. Read more here.
• You will have our full support in the process. Our team of professional lawyers, accountants and assistants will help you in every business problem you might run into.
• Our platform my1Office is available for all our clients – it is a convenient platform for managing and accessing you post digitally, for getting an overview of your finances and for creating sales invoices. You’ll also find useful articles, knowledge base, calendar and much more inside my1Office platform.

Learn more about the specific services that are included in the package under different tabs.

Why to start a business in Ireland?

Ireland is a place that attracts a lot of business. It is a wealthy country and one of the most open and export-driven economies in the world. Ireland is also digitally quite developed.

Here is a list of some main reasons why many people decide to start their business in Ireland:

• Stable and outward looking economy
• The only country in the Eurozone with English as the main language
• A member of the EU, Eurozone, and OECD
• A perfect option for non-EU residents (including UK residents) to start an EU company from distance
• One of the most favourable tax systems and Double Taxation Treaty Network
• Competitive starting and managing costs
• Geographic position and connectivity
• Youngest population in Europe – lots of highly educated, active and talented workforce

If you want to learn more, read an article on Why to Start your business in Ireland.

My Company includes:

• Company formation
• Registration of beneficial owner
• Registration of corporate tax

Company Formation

Company formation in my1Office takes around 20 minutes. It requires you to create an account and fill in information about your company. Your new Irish company registration will take up to 3 weeks. The self-service portal is suitable for both EU and non-EU residents that would like to establish a company. You can add shareholders, directors and additional services during the registration.

Included in the price:

• State fee
• Comfortable self-service platform my1Office
• Technical support

Process flow:

• Create an account and log in to my1Office
• Fill in simple forms
• We will go over the information and send you the application that needs to be signed. Please print it, sign it and upload it back to the Portal.
• All necessary documents will be delivered to the Companies Registration Office. The estimated processing time is up to 3 weeks and the registration certificate will be sent to the company’s official e-mail address.
• You can start your business activities.

Important information:

• At least one of the directors is required to be resident in a member State of EEA (member states of EU plus Iceland, Liechtenstein and Norway). If none of the directors is resident in EEA, mandatory bond to the value of €25,000 and for the period of two years is required prior to company formation.
• In case a bond is required, company formation process is longer and will be completed after the Companies Registration Office has received the bond from insurance company.
• The bond is provided by a Third Party insurance company and is non-refundable.
• Please note that service contract with 1Office is subject to certain acceptance procedures. KYC (Know Your Customer) procedure includes the verification of the identity of directors, shareholders, beneficial owners, and collecting general information about the business.

Mandatory registrations

All Irish companies are obligated to submit the data of the person who benefits from the company’s activities’, or so-called beneficial owner, to the Central Register of Beneficial Ownership of Companies and Industrial and Provident Societies (RBO). A beneficial owner is a private person who directly or indirectly holds the company shares or voting rights or otherwise exercises control over the company. We will help you with determining the beneficial owner, preparing and submitting the registration documents to the RBO.

It is also mandatory for all Irish companies to register for CorporateTax within one month of trading. To register for corporate tax it’s necessary to submit an application through Revenue Online Service (ROS)

Included in the price:

• Preparing and submitting beneficial ownership documents to the RBO
• Certificate of Beneficial Owners
• Preparing and submitting application for corporate tax

Important information:

• Registration of Beneficial owners require having Irish Personal Public Service Number (PPSN) or signing form BEN2 in notarised form.
• 1Office can assist you with PPSN registration for an additional fee.
• Many service providers, including banks, accounting firms, law firms, are required to identify their customers and their beneficial owners. Service providers can decline services if the beneficial owners registration is not completed. Service providers are also obligated to report to the authorities any deficiencies or inconsistencies in the beneficial owner details.

My Virtual Office includes:

• Registered address
• Company’s secretary service

Registered address

Registered local address is mandatory for every Irish company. The registered address will be shown in the Companies Registration Office, therefore will be publicly available to everyone, and all the official letters will be sent to this address. The address must be a physical location, not just a post office box number. It also serves as the official correspondence address for delivering official government mail from the Irish Tax and Customs and Companies Registration Office.

Included in the price:

• Company’s registered address
• Company’s administrative address for receiving mail
• Mail sorting and forwarding
• Access to my1Office platform

Company’s secretary service

Every Irish company is obligated to have a company Secretary named on company documentation. This role is appointed when setting up a company in Ireland and outsourcing this role to a professional service provider is the easiest option.

Included in the price:

• Registering Secretary in the Companies Registration Office
• Countersigning company’s documents prepared by 1Office
• Preparing and filing the company’s First Annual Return*
• Access to my1Office platform. Access to documents in my1Office account after termination of contract is subject to the fee of 50 EUR.

*First Annual Return will be made only if you have subscribed to the package for at least 6 months.

My Accounting for Expand package includes:

• My Invoices module in my1Office platform
• My Purchases module in my1Office platform
• Monthly accounting by a dedicated accountant
• Annual accounting
• Annual income tax return for 1 director

Included in the price:

• My Invoices – paperless document management & a possibility to create sales invoices and send invoices to the clients directly from the platform.
• My Purchases – upload expense documents to the platform or use a mobile app to take pictures of your expense documents and they will be automatically forwarded to My Purchases.
• Dedicated accountant for monthly bookkeeping.
• Bi-monthly VAT declarations.
• Processing up to 30 transactions per month (sales invoices, purchase invoices, expense documents, bank statement transactions). Package upgrade shall apply for a fee of 25 € / per each 30 extra transactions from next subscription period.
• Annual report  for a MICRO COMPANY*, including Corporate Tax Return and Directors income tax return.

*MICRO COMPANY definition by the Irish government: A Micro Company in Ireland is one which satisfies two out of the following:

• Balance Sheet Total does not exceed € 350,000
• Turnover does not exceed € 750,000
• Employees not exceeding 10

If your company exceeds micro company definition, a one-time additional fee of 180€ will be added to the price.

Important information

• This is a monthly subscription service. Service is available for valid subscriptions only.
• Access to documents in my1Office account after termination of contract is subject to the fee of 50 EUR.
• In order to submit declarations on time, all documents must be forwarded to your accountant as early as possible, but no later than on the 5th day of the following month. Delayed declarations result in fines issued by the Revenue. Full legal responsibility in Irish Company Law and tax Law rests with the Directors of the company.
• Annual report will be provided if you have subscribed to the package for the whole financial year.
• Annual report included in the package is prepared based on sales and purchase documents in my1Office.
• Cancelling the subscription or a failed payment for subscription will result in ending all services by 1Office.