Ireland Company Formation for Non-Residents

For all indications Ireland is an excellent place to choose to form your company, because there are many good sides to company formation in Ireland.  For one thing their Corporation Tax rate is low at 12.5%.  Then there's the many agencies which can have your Irish Company registered in no time with brisk capability even if you are a non-resident.  But there are several issues that you must take care of before you can successfully complete your company's registration if you are not a resident of Ireland.

Now is a thrilling time for opening up a company in Ireland, but it can also result in frazzled nerves if you attempt Ireland company registration without first making all the preparations you need to.  So here are some of the things you need to get started:

1.  New Limited Company and Name

That's what type of company you will need to have.  Next you move on to the name you've chosen for your company.  It must be one of a kind and easily stand out from all other Irish Registered Companies.  If you want to use words like 'bank', 'group', and 'insurance, it will necessitate obtaining special permission.  A name considered insulting or that hints at State Sponsorship will also be turned down.  You can, however, look online and find out if the name you want for your company is available.

2.  Type of Company

The usual form of incorporation for individuals out to open a business in Ireland is a Private Limited Company.

3.  Constitution -- Main Activities

Back several years ago, the Companies Act 2014 created a Constitution for Private Limited Companies (LTD) which served to replace the Memorandum and Articles of Association.  This now permits LTD's to in any business they wish to.  But you should know that your company will still be required to choose a 'NACE' code before incorporation. 

4.  Registered Office

This is the official address of your company and needs to be in the Republic of Ireland.  Usually official mail will go to this address.  However, the trading address of the company is permitted to be separate from the registered office.

5.  Directors

The individuals who are chosen to run and maintain the company in place of the owners of the company are the Directors of the company.  The owners are the Shareholder(s).  If the company is a Private Limited Company, it is acceptable for it to have one director, but then it must choose a Company Secretary, and they cannot be one and the same.  The below information on suggested directors is necessary to go ahead with the Ireland limited company formation:

     .  Complete name

     .  Nationality

     .  Residential Address

     .  Business Occupation

     .  Birth date

     .  Names of any other companies that the person is also Director of

One or both Directors of the proposed company need to be Resident within the European Economic Area (EEA).

6.  Secretary of the Company

It is mandatory for an Irish Company to have a Company Secretary to be accountable for making sure that the statutory duties are completed, like keeping the books of the said company, and making certain that Annual Returns are filed on schedule.  This individual can be one of the Directors, a Corporate Entity, or an entirely different person.  If there is only one Director, then it is obligatory to have a separate Company Secretary.

7.  Issued and Authorised Share Capital

A company's Authorised (Nominal Share Capital is the number of shares a company can put into use if needed.

Now Issued or paid up share capital is the amount of shares that have been put aside for this purpose and which the shareholders have paid for.

8.  Shareholders

These are the people who own the company formation in Ireland.  It is necessary that the shareholders of a company be be at least 18 years old on incorporation.

Although these are not all of the requirements for forming a company in Ireland, they should help to give you a general idea of what is required.

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