Small and Medium Company exemptions

Small Company exemption

A company can avail of small company exemptions if two of the following criteria are satisfied in respect of the financial year:

  • Balance Sheet total does not exceed €4.4 million
  • Turnover does not exceed €8.8 million
  • Number of employees must not exceed 50

A small company is only required to file an abridged balance sheet and selected notes on the financial statements with the Companies Registration Office (CRO).

Medium Company exemption

A company can avail of medium company exemptions if two of the following criteria are satisfied in respect of the financial year:

  • Balance Sheet total does not exceed €7.62 million
  • Turnover does not exceed €15.24 million
  • Number of employees does not exceed 250

A medium company is required to file an abridged profit and loss account, abridged balance sheet, selected notes on the financial statements and the directors report with the CRO.

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Ireland Key Points
  • Only 2 to 3 days to incorporate.
  • Directors can be of any EU nationality.
  • Only 1 shareholder required.
  • 100% overseas shareholders allowed.
  • Equal treatment for domestic and foreign shareholders.
  • No obligation requiring Irish participation in the management of your company.
  • Share Capital requirement is only €100.
  • Exemption for 3 years from Corporation Tax if your taxable profits are less than €320,000.
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