Setting up a business in Ireland can be an attractive proposition for both budding entrepreneurs and experienced investors.
A favorable tax environment, competitive costs of doing business, a skilled workforce and access to the European market are making Ireland increasingly popular with companies looking to expand their operations.
The country benefits from a simple registration process and some of the basic steps to open a company in Ireland are as follows:
- choose a business form (most Irish businesses are registered as limited liability companies);
- choose a suitable name, which must be different from the names of the companies registered here (names containing words such as “Insurance”, “Bank” and “Group” will require prior special permission);
- complete a name reservation with the Companies Registration Office (CRO);
- prepare the company’s constituent documents (Charter and Memorandum or partnership agreement (depending on the legal entity));
- open a corporate bank account at a local bank;
- register with the tax department and social services bureau. insurance;
- If special permits are needed to conduct activities, then apply for a license.
Depending on the type of company, certain documents must be submitted to local authorities. The following documents are required when registering a company in Ireland:
- Memorandum of Association and Articles of Association of the company (these are the statutory documents that must be notarized in Ireland).
- Personal information about all founders, directors and company secretary.
- Information about the authorized capital.
- A document confirming the company’s registered office in this country.
- Information about the directions of activity of the firm.