limited company 2 countries

seamie11

Hi all,ive been operating here in Ireland as a sole trader,and there is a ltd company in the UK,both of us want to operate here in Ireland,and the UK,under a the Ltd Company,does anyone know how this will work,is it very complicated from my end,ideally we will be working toigether in both countries under a Irl and UK ltd company
Regards
Seamie

rainbowdash

The Uk ltd. company can operate here upto a threshold of something like £35K. Then it needs to open a Ltd. company here.

Companies like Tesco would have a separate Ltd. Co. in Ireland.

Search revenue.ie then talk to an accountant.

dbran

Hi

It can be a complicated or as simple as you want it to be. If you give us a bit more information as to what you hope to do or just PM me the details.

Kind Regards


dbran

robinph

rainbowdash wrote: »

The Uk ltd. company can operate here upto a threshold of something like £35K. Then it needs to open a Ltd. company here.

Companies like Tesco would have a separate Ltd. Co. in Ireland.

Search revenue.ie then talk to an accountant.

Is it not that over €35k it needs to register for VAT in Ireland? An EU registered company can continue to trade in any other EU country, it's just that the likes of Tesco have probably found a better way of dealing with the business as two separate companies for each country.

rainbowdash

robinph wrote: »

Is it not that over €35k it needs to register for VAT in Ireland? An EU registered company can continue to trade in any other EU country, it's just that the likes of Tesco have probably found a better way of dealing with the business as two separate companies for each country.

Its both in some shape or form, I can't remember the ins and outs of it but I've been through it and you need to setup a company and register for VAT here once you pass certain thresholds.

Like everything its elastic.;)

antoinolachtnai

You can set up a branch of the UK company in Ireland, or you can set up an Irish company and have a UK branch.

For the former, see http://www.cro.ie/ena/business-registration-foreign-company.aspx

Alternatively you can set up an Irish company and make it a parent of the UK company. Or you can do vice versa. Or you might have a holding company in one or other or a different jurisdiction.

My suggestion would be to have a parent and a branch, unless you are enormous or have special regulatory requirements. But really, you need to speak to your accountant. Or give more details and maybe dbran can suggest something.

dbran

+1 what antoinolachtnai said above.

There is indeed an enormous number of ways that you can set this up. It really depends among other things, on how you want to progress the business down the line, what you want to do with the old company, the individual tax positions of the two directors, how closely you will be involved with each other's business and how it will be run day to day, exit stragegies etc

All of these are relatively difficult to tease out in the "back and forth" posts of a thread on a forum. You do need to speak to an accountant about this to pick up the correct structure that suits you and your fellow director.

Kind Regards


dbran