French entrepreneurs, business owners, and company directors considering international expansion or seeking tax-efficient business structures should read this guide.
It's particularly valuable for those looking to access EU markets while benefiting from Ireland's competitive 12.5% corporation tax rate and streamlined incorporation process.
Key Takeaways
EEA Advantage: French residents automatically qualify as EEA directors, enabling straightforward remote incorporation in 5-7 business days with no travel required
Tax Benefits: Ireland's 12.5% corporation tax rate significantly undercuts French corporate tax while maintaining full EU single market access
Low Cost Setup: Complete incorporation from €99, with professional support from Open Forest (company secretary €99/year, registered address €199/year)
Minimal Compliance: Annual filing requirements and professional support ensure ongoing compliance without physical Irish presence
EU Market Access: Irish incorporation provides seamless trading rights across all EU member states, including France
Can I be the sole director and shareholder of my Irish company as a French resident?
Yes, French residents can be both the sole director and sole shareholder of an Irish company. However, you must appoint a separate company secretary - this cannot be the same person as the sole director under Irish law.
Do I need to travel to Ireland to set up my company?
No, the entire incorporation process can be completed remotely from France. The only requirement is a brief 10-minute identity verification call for your VIN number. Open Forest handles all documentation and filing with the Irish authorities.
How does Irish corporation tax compare to French corporate tax rates?
Ireland's 12.5% corporation tax rate on trading profits is significantly lower than France's standard corporate tax rates, making it highly attractive for French entrepreneurs. However, you should consult with tax advisors regarding any potential French tax implications.
What happens if I move outside the EEA after incorporating my Irish company?
If you're the sole EEA-resident director and move outside the EEA, you'll need to appoint another director who resides within the EEA to maintain compliance with Irish company law requirements. There are exceptions to this.
Can my Irish company trade in France and other EU countries?
Yes, as an Irish company, you have full access to the EU single market, including the right to trade freely in France and other EU member states under EU freedom of establishment rules.
How quickly can I open an Irish bank account for my company?
Irish business banking setup typically takes 2-4 weeks once you have your incorporation documents. Some fintech solutions may offer faster alternatives. Open Forest can provide guidance on banking options.
What's the difference between Irish company law and French company law I should be aware of?
Irish company law is based on common law principles (unlike France's civil law system), emphasises board governance, and has different filing requirements. The company secretary role is mandatory in Ireland but doesn't exist in the same form in French company structures.
Do I need an Irish accountant, or can I use my French accountant?
While you can use your French accountant for overall group accounting, you'll need Irish-qualified support for local compliance, including CRO filings and Irish tax matters. Open Forest partners with cost-effective Irish accounting services.
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