Northern Ireland

This jurisdiction holds a number of other key attractions for those who wish to establish businesses, among them: 

  • No withholding tax on dividends, irrespective of where the shareholder is resident;
  • UK tax exemption on qualifying foreign dividends;
  • Capital gains exemption where a UK resident company sells shares, if certain conditions apply;
  • A corporation tax rate of 20% with further rate reductions scheduled;
  • Double tax relief for foreign tax paid on dividends.

Northern Ireland Key Facts

24 hours (premium fee applies) or 5-6 working days (standard incorporation procedure)

Authorised Share Capital: 
Unlimited and no restriction on currency

Issued Share Capital

  • Minimum paid up share capital = £1
  • No restriction on currency
  • No capital tax on issued share capital


  • Minimum number of directors: 1
  • Individual director required although corporate directors are currently permitted
  • No restrictions on residence or nationality


  • Not obligatory
  • No restrictions on residence or nationality


  • Minimum number of shareholders: 1
  • Corporate shareholders permitted

Public Filing:

  • Audited financial statements must be filed every year within nine months of financial year-end (exemptions available from audit requirement).
  • Annual return must be filed every year 

Northern Ireland Company Incorporations

A new company can be formed by Pearse Trust in 24 hours, if required, but typically it takes five to six working days. Our formation services cover the following categories of companies - private limited, agency, holding, royalty and nominee, as well as limited liability partnerships.

The main features of incorporation and governance requirements for private companies are:

    • No restrictions on residency and nationality
      of directors
    • Minimum requirements for forming a private company are £1 in paid-up capital, one director and one shareholder
    • Filing obligations which require lodging of audited financial statements within 9 months of financial year-end.

Pearse Trust offers a full-service incorporation service for the NI market and can fast-track incorporation requests.

Northern Ireland Corporate Compliance

The NI as a part of the UK has a well-developed compliance system, with companies, their directors and officers obliged to meet a number of corporate governance requirements. There is a personal responsibility on company directors to make certain details available to their shareholders and members of the public. Such information includes:

  • Capital structure
  • Management
  • Activities

For limited companies, audited financial statements have to be lodged within 9 months of the financial year-end, but certain companies can gain an exemption from an audit.

Northern Ireland Solutions

Pearse Trust offers solutions that are tailored to our clients’ requirements. Our aim is to ease the administrative burden on our clients and to ensure that the incorporation process and ongoing compliance is straightforward. Our company secretarial and compliance services include:

    • Registration of companies and partnerships
      in Northern Ireland, Ireland and the UK;
    • Professional assistance with all corporate filing requirements;
    • Maintenance of the statutory registers and minute book;
    • Provision of a portfolio management service whereby the entire responsibility for the company secretarial service is outsourced;
    • Provision of Company Secretaries;
    • Responding to queries from any relevant authorities;
    • Advising clients on the impact of compliance developments in Ireland, Northern Ireland and the UK.

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