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It’s interesting you post this as I’m currently in the process of closing my Irish Ltd. and creating a UK one as I move over here (UK) as a tax resident. The r
by aosaigh 6y ago
It’s interesting you post this as I’m currently in the process of closing my Irish Ltd. and creating a UK one as I move over here (UK) as a tax resident.
The reason for doing this is that it’s not clear to me how you can draw a salary and pay tax as a UK resident unless through a UK Ltd.? How are you planning on doing this as a matter of interest if you are not an Irish tax resident? I assume that for large corporations they can afford to create local companies in various EU countries that bill their Irish entity for “services”. These local companies in turn pay salaries to PAYE employees.
Regarding company formation, I can’t speak as a non resident, but setting up a company shouldn’t be too difficult, it’s just not as easy as the U.K. You can do it by yourself but there are many accountants that will do it for you for a fixed fee. They usually file all relevant documentation and transfer the company into your name.
The framework for company law was recently revamped in 2014. I’m a lone director and shareholder of a limited liability company with a family member acting as secretary. My accountant makes annual returns to The Revenue (HMRC) and The CRO (Companies House). I handle regular tax payments through ROS which is the online tax system.