Steps to take after Limited Company is incorporated (LTD company registration):
Tax registration with Revenue
New companies in Ireland must register for taxes before they can start trading. The three main taxes to register are Corporation Tax (CT), Value Added Tax (VAT) and Employers Taxes – Pay As You Earn (PAYE).
• Corporation Tax is a mandatory tax for all companies in Ireland, no matter how large or small.
• You don’t need to register for VAT straight after incorporation in most cases. But VAT registration becomes mandatory after your company reach certain threshold in sales.
• If you plan to employ people, you will have to register as an employer (Employers PAYE) with Revenue and operate a payroll system in Ireland.
Beneficial owner registration with the Register Of Beneficial Owners (RBO)
LTD Company Registration and RBO. All Irish registered companies are required to register their beneficial owner (anyone holding 25% or more of company shares) on the RBO website. You have 5 months after incorporation to complete this registration.
If you don’t complete the RBO registration, it is considered a criminal offence, and this can result in the imposition of a fine or even conviction.
All our Online LTD Company Registration packages include RBO registration.