Currently Ireland has developed into one of the favorite destinations for companies from all over the world to invest in during the last few decades. While specific tax incentives and its advantage of having a skilled workforce and access to the European Union market remains as some of the benefits companies would gain when incorporating in Ireland. There are two main choices available to businessmen during Ireland company formation – incorporation of a new company or the acquisition of an existing ‘shelf company’.
Business incorporation in Ireland is very simple when one is using the services of a corporate service provider. First of all, one has to decide on the legal structure that would be most suitable for the business activities, for instance a private limited company. Subsequently, one will need to officially register the company with the Companies Registration Office of Ireland and meet some of the prerequisites such as having a director who is an EEA resident. Another advantage of incorporating a brand new Irish company is that you can register the name you want as long as it complies with the naming rules.
The other option is to buy Ireland shelf companies which can put you on the ground running. Sheriff companies can also be defined as non-active firms that are chiefly established and left dormant so that they can be sold to business persons in the future. Since shelf companies have already passed through the registration and compliance procedures, buying one can take less time ranging from 1-2 months as opposed to incorporating a new company. Unlike nominee companies, shelf companies are likely to have opened bank accounts and financial records. However, you may not be able to select the precise Company name that you would like to be associated with.
In both cases, setting up a new company or just enhancing the speed of launch plans, forming an Irish company or obtaining an aged shelf company are great opportunities for creating the presence of your business in Ireland and entering the EU market. It is easy when one collaborates with an experienced corporate service provider. Call today to talk about which option is best for achieving your current commercial objectives.
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