Company Formation Ireland for Non-Residents: A Step-by-Step Guide 

• Company formation Ireland for non-residents is becoming a highly sought-after alternative with the excellent business climate in Ireland, consisting of a 12.5% low corporation tax and being open to the European market. The attraction can be seen with the increased number of foreign companies that are opting to set up operations in Ireland. Ireland has in the recent past developed its status as an international venture hub, with numerous entrepreneurs looking to register company in Ireland. Statistics indicate Ireland’s economy is among the fastest-growing economies in the Eurozone and is drawing a high level of foreign investment. With a simplified process of forming a company, non-residents can easily establish their businesses. In this article, we at Tetra Consultants have explained the steps and requirements required for non-residents to establish their presence in Ireland successfully. 

Steps for company formation Ireland for non-residents 

Step 1: Selecting an appropriate corporate entity 

• Once we understand your business activity and objectives, our experienced team of consultants will provide you with their professional opinion about the most appropriate corporate form of business through which you should pursue your business. Before forming an Ireland company, you shall be counselled on the most appropriate paid-up share capital, corporate form, legislations and whether it will be required to apply fur for any license for conducting your business. 

Step 2: Reservation of company name 

• Tetra Consultants shall reserve your desired company name with the Companies Registration Office. Apart from this, we also assist our clients in international trademark registration to facilitate easy company formation in Ireland for Non-residents. 

Step 3: Complying with pre-requirements 

• Our team help with the appointment of a nominee director. The nominee director will mainly help with dealing with third parties and making sure that you comply with all statutory requirements. 

• If you prefer not to nominate a nominee director, Tetra Consultants will guide you according to your business operations and company nature to remit the bond you need to pay in lieu or otherwise, correspond with the Companies Registration Office to evidence the real and continuous connection of the company with the nation through its economic operations in Ireland. 

Step 4: Preparation of supporting documents  

• Moving further for successfully completing your company formation in Ireland for non-residents our team will help in taking a local office address on rent. The registered office will be utilized to hold all corporate documents and official records. 

• Further, directors and shareholders need to provide simple KYC documents. These documents may include names of directors, certified true copies of passports, proof of address, bank reference letter and CV for our internal due diligence purposes 

• Depending on the business activity and corporate structure. Articles of Association, business plan and other incorporation papers will also be prepared by Tetra Consultants. 

• Your Articles of Association prepared will contain important information regarding your company and directors, amount of subscribed share capital, classes of shares, lifespan of the company and other details in respect of your business activities. 

• It is not necessarily a requirement that your Articles of Association are prepared in Irish because the official language of the country is English. 

Step 5: Filing with company registration office  

• We will then go ahead and apply for registration with the Companies Registration Office. 

• Once approved, Tetra Consultants will send the Certificate of Incorporation, Memorandum and Articles of Association and other company documents to your desired address. 

• Depending on your business operations, we will also help you obtain a valid business license and permit where required.  

Step 6: Corporate bank account opening 

• Once registered, Tetra Consultants will help you open a corporate bank account. We have partnered with several reliable banks in Ireland. We shall introduce your company to each relationship manager and compliance team. 

• Usually, a corporate bank account opening will take approximately 4 weeks. In the majority of instances, there is no need for the directors and shareholders to travel. Nonetheless, in the event travel is needed, we will have a representative attend the bank meeting with you. Alternatively, our staff negotiates with the banks to have a conference call instead or to apply for a waiver, 

• The meeting can be held in Irish. In that case, our team will also send a representative and translator to the meeting so that any possible communication barrier can be bridge. 

• After your account has been successfully opened, Tetra Consultants will send the internet banking token and access codes by courier to your desired address. 

• These reputable international banks include Allied Irish Banks, Bank of Ireland and Barclays Bank Ireland. By using our services, you can leverage on our entire array of banking partners. 

Step 7: Accounting and taxation obligations  

• After completing company formation in Ireland for non-residents, Tetra Consultants will continue to facilitate you with requisite accounting and tax services so that you can lawfully carry out business while maintaining compliance with regulatory requirements 

• Our team of professional consultants will timely prepare your company’s financial statements, company tax returns and handle bookkeeping on your behalf. Our team will also pursue in registering with the Office of the Revenue Commissioners in Ireland so that you may duly meet your tax obligations. 

• In general, corporate tax income is 12.5%. Small and medium enterprises may be exempt from the submission of annual financial statements if they achieve or surpass specified levels. Other taxes that are payable include withholding tax, property tax and Value Added Tax. 

• Our team of dedicated consultants will continue to clarify any doubts you may have with regards to your company’s obligations. 

Conclusion 

• Company Formation Ireland for Non-Residents provides a strategic gateway to the European market through Ireland’s positive business climate and low 12.5% corporate tax rate. Through Tetra Consultants, non-residents can avoid the intricacies of company formation in Ireland. Some of the key requirements are obtaining a Section 137 bond if no EEA-resident director is nominated and acquiring required documents like a Verified Identity Number.  

• Tetra Consultants offers complete advice on these processes, ensuring Irish compliance and a hassle-free setup process. By engaging with Tetra Consultants, non-residents are able to leverage Ireland’s economic benefits while having their business operations completely in line with Irish laws and regulations. This assistance allows entrepreneurs to concentrate on EU market expansion and growth. 

• Contact us to know more about company formation in Ireland for non residents and our team will revert back in 24 hours.