Single Member Limited Company

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Re: self employed contractor Limited Company

I believe this option is good for all the people who come to Ireland for few years, who most probably comes on foot of specific work permit, and I am looking for similar experience like mine!!

Could anyone help me in this question, I want to set up my Ltd company for self employment contractor to manage my taxation more effectively, the issue is that I am residing in the country on foot of a work permit for one year ( which is employer specific) and I have been here only 4 months. My question is about the status of my visa, if I set up my company, I am going to be the director and the employer of my self, what about the work permit which is specific for my current employer? it is like changing employer, isn't it?? shall I apply for new work permit??

You need 2 directors to setup a company 1 must be an Irish resident.
I think you will have to apply for a new work permit for the company to employ you.

 

[PRman]

Yeah when you register for VAT the Revenue will look for the work permit I think. An accountant or tax advisor will advise you...