ESTABLISHING A SUBSIDIARY IN IRELAND 

In Ireland, registering a subsidiary is the same as forming a new company. The parent company will be the majority or sole shareholder of the new company, which is one of the only differences.

You must appoint someone who is authorized to sign on behalf of the company when forming a company with another company as a shareholder. This could be a Director or another person with authority.

KEY REQUIREMENTS TO ESTABLISH A SUBSIDIARY COMPANY IN IRELAND

• A distinct and unique company name
• Company Secretary
• A minimum of one Director
• At least one director must be EU resident.
• A minimum of one shareholder
• The address of the registered office

TIME FRAME TO ESTABLISH A SUBSIDIARY COMPANY IN IRELAND.

In order to start a business in Ireland, you’ll need to fill out a Form A1 and a Constitution. It usually takes 3-5 working days for the Companies Registration Office (CRO) to process your application after it is received.

SETTING UP A BRANCH IN IRELAND

Legalized and authenticated copies of corporate documents from the parent company, as well as a Form F12 or F13, depending on where your parent country is based, are required to register a branch in Ireland.

After that, you should submit these documents to the CRO, who will process your application.

KEY REQUIREMENTS TO ESTABLISH A BRANCH IN IRELAND

• A copy of the parent company’s Certificate of Incorporation that has been notarized and apostilled
• A copy of the most recent financial statements of the parent company
• A copy of the parent company’s Memorandum and Articles of Association that has been notarized and apostilled
• Form F12 (EEA companies) or Form F13 (non-EEA parent companies) completed
• The address of the registered office in Ireland
• In Ireland, a person who is authorised to accept legal service.

TIME FRAME TO ESTABLISH A BRANCH IN IRELAND.

It can take 7-10 working days to register a branch once all of the necessary documentation is gathered and received by the CRO.

TAX IMPLICATIONS OF SETTING UP BRANCH OR SUBSIDIARY COMPANY IN IRELAND

Both subsidiaries and branches must register and pay Corporation Tax in Ireland, and this should be discussed with an Irish accountant if you need assistance determining your specific tax situation.

Different rules apply depending on what your company does, so it’s best to seek professional advice. Contact us if you need any help regarding taxation 

ACCOUNTING REQUIREMENTS

If you hire employees through your subsidiary, you must comply with the same regulations as an Irish company, which means you must register for Irish taxes, file tax returns, and run Irish payroll.

Branch offices, on the other hand, are foreign companies that must file Form F7 with the CRO and submit a copy of the parent company’s accounts.

If you need assistance figuring out what you need to do, use our services. We’re always willing to talk about the best services for your business.

Is it possible to open a branch or subsidiary from another country?

You can open a branch or a subsidiary from another country, but you must sign the application forms in wet ink and send the original documents to the CRO in Dublin.

This means that if there are multiple Directors and Shareholders, they must all sign the same documents, and digital signatures are not permitted.

When registering a subsidiary, make sure there is at least one EEA-resident Director on the board. If not, your company will need to purchase a Section 137 Bond for Directors who are not from the European Economic Area.

Branches must also appoint someone who is “authorised to accept legal service in Ireland.”

If you don’t have anyone to fill this position, you can outsource it to an Irish Company Secretarial Service.

WHAT’S THE NEXT STEP FOR ME TO DO?

Choosing between a branch and a subsidiary isn’t always simple or straightforward, but we’re here to assist you. If you don’t know what you need to do, it can be confusing.

If you require assistance, you can hire a formation agent in Ireland, such as TAS Consulting, to handle the paperwork and guide you through the process.

If you’d like to talk to us, call us on +353 (0)1 442 8230, 00353 851477625 or email moh@tasconsulting.ie