What are the processes involved in setting up a company in Ireland?

If you are interested in setting up company in Ireland, forming a private limited company is one of the most common structures. Some of the legal rights and recognition it affords your business include: Here is an overview of the basic steps of the process.

Select a Special Company Brand

First of all, you will have to select the name for the business you want to register that should not be taken by any other company registered with the Companies Registration Office Ireland (CRO). It is also possible to check name availability through the CRO database. Once you have decided on the availability of a business name you need to proceed with registering your company.

Designate Company Directors

Every Irish company needs to have at least one company director. This is the manager of the business who is responsible for day-to-day operations as well as operational and financial decisions. Appointing capable, reliable directors is crucial for effective corporate governance. At the very least, one of the directors must have an address in the European Economic Area (EEA).

Create a Registered Office Address

Ireland’s Companies Act requires every Irish company to have a registered office and this cannot be a P.O. Box. This is your company’s address that it uses when dealing with government agencies and for official communication purposes. It is not uncommon to find organizations employing the services of corporate services firms that offer registered business addresses, mail forwarding, and administrative services.

Complete Registration with CRO

To complete the process of setting up company in Ireland, you are required to submit the necessary documents and forms along with a fee to the CRO. The CRO will then issue a certificate of incorporation at which time your business legally exists as an Irish private limited company.

Registering a limited company in Ireland is beneficial in that it offers a business formation and legal entity to carry out business operations in the country. Ensure proper adherence to registration procedures, and employ competent local consultants if necessary.