Things To Know Before Getting Started With Company Registration In Ireland
Ireland is one of the most preferred countries where the foreign companies want to set up their European headquarters or operations. Some of the benefits include educated workers, favorable tax systems coupled with the added advantage of accessing the European Union market. If you are planning to start a company in Ireland, here is everything you need to understand about company registration in Ireland and incorporation.
To legally establish a company with limited liability in Ireland, it must be registered and issued with a Certificate of Incorporation. The two most popular forms of business entities include private companies limited by shares indicated by Ltd or Teoranta and public limited companies indicated by PLC. Some of the procedures include; naming of the company, appointment of company directors, decisions on share capital and shareholders, filing of necessary forms and fees at the companies registration office Ireland.
Although it is possible to complete the registration process independently, it is more common for companies to hire incorporation agents or law firms knowledgeable about Ireland’s rules. Engaging a specialist will assist in avoiding potential hitches while registering your Irish business and enable you to concentrate on other aspects of the business launch. Altogether, registration should take 10–20 working days if all papers and details correspond to the requirements.
Some key requirements to keep in mind for Ireland company formation include: Having at least one director who is an EEA resident, identifying the share capital in euro, providing a constitution/Memo & Articles of Association, applying for the company incorporation in ireland certificate and registering for tax. Continuing obligations also exist that concern the annual return, audit, meetings, records, and changing directors or share capital.
Apart from the formal registration you will have to fulfill many other legal requirements of starting a business like acquiring business permits and licences, registering for value added tax and pay as you earn, sourcing for an office, recruiting employees and much more. Fortunately, Ireland has very good support programs and facilities that can assist companies in achieving the ultimate goal of successful startups.