Personal Service Company
What’s in it for you?
The perks of a Personal Limited Company? You keep more of what you earn, set your own salary, and take control of your finances.
It’s a smart way to save for quiet periods, invest in assets, and take advantage of extra tax planning and wealth management opportunities, all while claiming more expenses.
When should you consider other options?
A Personal Limited Company may not be ideal if you’re earning less than €400 a day, on a short contract, or need something set up quickly.
It also involves higher fees and a bit more admin, so if you’d rather keep things simple and let us guide you, an Umbrella Company may be a better fit.
The Benefits of a Personal Limited Company
Thinking a Personal Limited Company might be right for you?
Maximise your take-home pay with smarter tax planning
Claim a wider range of business expenses
Enjoy full control over your funds and cash flow
Employ family members or others within your company
Build up company reserves for quieter periods
Make all the decisions as the sole owner
Access tax benefits like Entrepreneur Relief and Retirement Relief
Why choose Fenero for your Limited Company?
When you choose Fenero, you’ll enjoy:
Tax and accounting specialists for contractors & self-employed professionals
Premium award-winning service
Great value pricing
16+ years' experience
Dedicated Account Manager
Tailored guidance and end-to-end support
Company setup
Proactive tax and financial planning to maximise your income
24/7 access to myFenero, our contractor platform
Our fee structure
Our service fee is:
€179 per month + VAT*
*Payable over 12 monthly instalments (€2,148 per year).
Pricing is based on a single-person contracting company.
Not included in your fee
Annual CRO fee of €20 to file your B1
Company secretary service: €15 + VAT p/m
Registered address service: €25 + VAT p/m
A few important details about a Limited Company
Appoint a company secretary (a second officer) before signing up.
Open a business bank account once your company is set up.
Setup takes time, so if you need to invoice right away, consider our Umbrella service.
We’ll register your company for PAYE, VAT, and Corporation Tax.
Invoice clients easily through myFeneroPSC, and we’ll jump in if you hit any snags.
Closing down a Limited Company requires a formal process.
Note: VAT registration can take several weeks for Revenue to process.
Next Steps
Ready to sign up? Here’s what happens next.
Step 1
Fill in our contact form and submit.
Step 2
Complete and submit a questionnaire that we send you.
Step 3
Once we receive it, our team will email you to get things moving,
Just a heads-up: Setting up your Limited Company usually takes about 10–12 working days once we have your signed documents. We’ll keep you updated every step of the way.
Personal Limited Company FAQs
A Personal Limited Company is your own limited company, giving you complete control over your finances, tax planning, and business decisions. It’s ideal for long-term contractors who want flexibility and maximum tax efficiency. You can retain profits, spread salary, claim more expenses, and even buy company assets. It does come with extra setup and compliance responsibilities, but for career contractors, the benefits make it worth it.
Have any questions?
Fill in your details and one of our Solutions Advisors will call you back.
Knowledge Hub
From advice on claiming tax relief to a breakdown of what the Budget means for you, we have some great resources to help you navigate the often-complex contracting landscape.
Personal Limited Company Ireland: Is It Right for Contractors?
A Personal Limited Company can give an experienced contractor more control over how they work, how company income is managed, and how their contracting career develops.
October 9, 2026
How Much Can an Umbrella Contractor Take Home in Ireland in 2026?
A €500 day rate sounds straightforward until you ask what actually reaches your bank account. If you work 20 billable days at €500 per day, you'll invoice €10,000 for the month. But €10,000 isn't your salary, and it isn't your final take-home pay. Your actual income depends on your umbrella structure, tax credits, PRSI treatment, pension contributions, allowable expenses, and personal circumstances. There isn't one universal take-home percentage that applies to every contractor—but worked illustrations offer a great starting point.
October 9, 2026
Choosing the Right Accountant: A Guide for Contractors and Self-Employed Professionals in Ireland
Working for yourself comes with a different set of financial responsibilities. Your income may vary. Your contracts or clients can change. You might start out as a sole trader or through an Umbrella Company before deciding that a Personal Limited Company makes more sense. As your income grows, your tax position and responsibilities can change too.
October 8, 2026