Open an SPV Company in Ireland
Investors can set up an SPV company in Ireland following a special procedure. Contact our Irish company formation agents for support.
Foreign investors interested in the business environment available in Ireland can open a special purpose vehicle (SPV). Our team of specialists in company formation in Ireland can provide assistance for the incorporation of an SPV.
| Quick Facts | |
|---|---|
| Special law applicable (YES/NO) | No. |
Legal form(s) used for creation | – private limited liability company, – public company, – designated activity company (DAC). |
Uses | – asset protection, – securitization, – short-term investment. |
| Shareholding structure | The structure of the SPV is based on a parent company and one or more subsidiaries. |
| Special registration requirements (if any) | Yes, SPVs can also be set up as a qualifying company under Section 110 of the Taxes Consolidation Act 1997. |
| Minimum share capital requirements (if any) | – EUR 1 for private and DAC entities, – EUR 25,000 for public companies. |
| Authorization requirements (if any) | No authorisation is required for Section 110 companies, but securitisation vehicles must register with and report to the Central Bank of Ireland as financial vehicle corporations (FVCs). |
| Purpose of creation | Irish SPVs are created with the purpose of reducing the risks of the main company in terms of certain investments. |
| Possibility to list an SPV on the Stock Exchange | Yes, when set up as a public company. |
| Possibility to use an SPV for financing purposes (YES/NO) | Yes. |
| Taxation | The SPV is a tax-neutral type of business, because, although a Section 110 company is taxed at 25%, deductible profit-participating interest leaves minimal taxable profit, and transfers of its securities are generally exempt from stamp duty. |
| Accounting requirements | Section 110 companies must notify Revenue (Form S110) and file annual CT returns; securitisation FVCs report quarterly to the Central Bank of Ireland. |
| Advantages | – easy to establish, – availability of the DAC form for specific activities, – access to numerous tax benefits, – double tax treaty coverage. |
| Support in creating a SPV in Ireland (YES/NO) | Yes, we can help you set up an SPV in Ireland. |
Who can open an SPV in Ireland?
Both local and foreign companies can set up SPVs in Ireland. In most cases, Irish businesses establish SPEs for a determined period.
What is a Special Purpose Vehicle how can it be used in Ireland?
The Special Purpose Vehicle or Entity is a business created for a specific purpose, among which:
- to reduce the risks incurred by the parent company when doing business in Ireland;
- to manage specific assets;
- to carry out various types of financial transactions.
What are the legal forms under which Irish SPVs can be registered
In most cases, SPVs can be incorporated as private or public limited liability companies. A specific type of private company used to create an SPV in Ireland is the designated activity company (DAC). Under it, the special purpose entity can list or trade securities on various stock exchanges. The DAC can also issue debt securities to the general public.
What are the steps to open an SPV in Ireland?
Generally speaking, one must follow the usual company formation steps in Ireland; however, there are also certain specific aspects to consider. Here is how the procedure goes:
- business form choice: the Designated Activity Company (DAC) is the most commonly used for SPVs;
- officers’ appointment: the SPV must have at least two directors (one only if set up as an LTD) and a secretary;
- Articles of Association draw up: the statutory documents must be carefully drafted to designate the purpose of the company;
- authorities’ registration: the SPV must be registered with the Companies Registration Office; however, it may also be required to register with the Irish Central Bank.
NOTE: The Irish company must also have a bank account, and we can assist with the procedure.
Investors may find more details on the SPV company in Ireland in the video below:
What are the advantages of opening an SPV in Ireland?
Here are the most important ones:
- flexible legislation: Ireland is recognized for its favourable corporate governance rules, as well as its EU membership, which enables simplified procedures when operating in other member states.
- simple registration requirements: SPVs can take various legal forms, which the parent company can tailor for their specific purpose;
- specific tax regulations: in Ireland, certain SPVs qualify for a special tax treatment; however, they can also benefit from double taxation agreements.
Our local specialists can offer detailed information on what these advantages mean.
What are the main operations that an Irish SPV can undertake?
In most cases, foreign companies open SPV companies in Ireland or other jurisdictions for a variety of reasons, among which:
- meeting specific financing needs, such as reducing risks and settling debts;
- meeting various investment objectives;
- separating certain assets.
Also, Irish SPVs can be registered in Ireland to provide real estate investment services. They can be set up as subsidiaries of foreign companies or for the protection of various foreign assets.
How long does it take to register an SPV in Ireland?
Approximately one week, just like for any other business.
How are SPEs taxed in Ireland?
Such companies fall under a special taxation regime, as long as they respect the requirements for “qualifying company” prescribed by Section 110 of the Taxes Consolidation Act 1997.
Our specialists can offer detailed information on the taxation of SPEs in Ireland.
Businessmen are invited to contact our company formation agents in Ireland for more details referring to the incorporation of an Irish SPV.
Bernhard Correa, Financial Consultant LSC & PARTNERS · 2 October 2026Bernhard Correa is a corporate and operational manager with LSC & Partners.