Step-by-Step Process of Company Registration in Ireland 

• Company Registration in Ireland is a straightforward process that attracts many foreign investors because of the favorable business climate in the country. The 12.5% low corporate tax rate in Ireland and the strategic location in the European Union make Ireland an attractive location for companies wishing to expand across the globe.  

• To register company in Ireland, businesspeople have to go through a number of important steps, such as choosing a company name, appointing directors and shareholders, and acquiring required documents. Statistics indicate that the economy of Ireland is among the fastest-growing economies in the Eurozone, with foreign investment playing a major role in its growth.  

• Foreign direct investment in Ireland was at high levels in 2022, reflecting the attractiveness of the country to foreign businesses. In this article, we at Tetra Consultants have discussed the requirements and steps needed for successfully obtaining company registration in Ireland. 

Process of company registration in Ireland 

Step 1: Choosing a proper corporate entity 

• Once we have knowledge of your business activity and goals, our team of expert’s consultants will offer you their expert view regarding the most suitable corporate form of business through which you should carry out your business. Prior to setting up an Ireland company, you will be advised on the most suitable paid-up share capital, corporate form, legislations and will be needed for application of any license for carrying on your business. 

Step 2: Reservation of company name 

• Tetra Consultants will reserve your preferred company name with the Companies Registration Office. Other than this, we also help our clients with international trademark registration to make it easy to form a company in Ireland. 

Step 3: Conforming to pre-requirements 

• Our service assists with the appointment of a nominee director. The nominee director will primarily assist with dealing with third parties and ensuring that you adhere to all the statutory requirements. 

Step 4: Preparation of supporting documents 

• Going further to successfully achieve your company setup in Ireland for foreign nationals our organization will assist with taking a rented local office address. The registered office will be used to house all the documents of the corporate and official ones. 

• In addition, directors and shareholders must furnish basic KYC documents. These could be the 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 documents will also be drafted by Tetra Consultants. 

• Your Articles of Association drafted will include significant information about your company and directors, subscribed share capital amount, share classes, company lifespan and other information in relation to your business operations. It is not always a necessity that your Articles of Association are drawn up in Irish since the country’s official language is English. 

Step 5: Filing with company registration office 

• Next, we will proceed to make the application for registration with the Companies Registration Office. Upon acceptance, Tetra Consultants will then forward the Certificate of Incorporation, Memorandum and Articles of Association and other documents of the company to your preferred address. Depending on your business activities, we will further assist you to obtain a legitimate business license and permit where applicable. 

Step 6: Corporate bank account opening 

• Once registered, Tetra Consultants will assist you in opening a corporate bank account. We have partnered with a number of trustworthy banks in Ireland. We will introduce your company to each relationship manager and compliance team. 

• Typically, the corporate bank account opening would only take 4 weeks. In most cases, directors and shareholders do not need to travel. However, if travelling is required, we will have a representative accompany you to the bank meeting. Alternatively, our team negotiates with the banks to have a conference call or to submit a waiver. 

• The meeting may be conducted in Irish. Then our team will also send a representative and translator to the meeting so that any potential communication gap may be bridged. 

• Once your account is successfully opened, Tetra Consultants will courier the internet banking token and access codes to your preferred location. 

• The banks that we use include Allied Irish Banks, Bank of Ireland and Barclays Bank Ireland. Through our services, you can benefit from our whole list of banking partners. 

Step 7: Accounting and tax obligations 

• Once company setup in Ireland for non-residents is done, Tetra Consultants will also continue to provide you with necessary accounting and tax services so that you are able to conduct business legally while keeping up with regulatory needs. 

• Our professional consultant team will promptly prepare your firm’s financial accounts, company tax returns and carry out bookkeeping on your behalf. Our team will also follow up in registering with the Office of the Revenue Commissioners in Ireland so that you can properly fulfill your tax requirements. 

• Generally, corporate tax revenue is 12.5%. Small and medium-sized enterprises can be exempted from the filing of annual financial statements if they meet or exceed certain thresholds. Other taxes that are payable are withholding tax, property tax and Value Added Tax. 

• Our experienced team will persist in demystifying any issues you have with respect to your company’s obligations. 

Conclusion 

• Company Registration in Ireland with Tetra Consultants is a streamlined and efficient process that takes advantage of Ireland’s pro-business environment and low corporate tax rate. Tetra Consultants offers end-to-end services, ranging from company registration to corporate bank account opening and compliance management, to ensure businesses are operationally ready within a short period.  

• This enables businesses to capitalize rapidly on Ireland’s strategic location in the EU and its talented workforce. By contracting accounting and tax compliance to Tetra Consultants, companies can redirect their attention to expansion while being compliant with Irish laws. With professional advice from Tetra Consultants, business owners can better understand the intricacies of establishing a business in Ireland, thus making it a suitable option for entrepreneurs looking to expand into the European region. 

• Contact us to know more about company registration in Ireland and our team will revert back in 24 hours.