Key Requirements for Setting Up a New Company in Ireland

1. Key Requirements for Setting Up a New Company in Ireland Setting up a new company in Ireland can be very exciting and profitable, but, at the same time, the company formation process in the country can be very challenging without proper knowledge and research. Anyone, from employed and unemployed citizens to foreign investors, can set up an Irish company to get the most of the pro-business environment in the European market. When you look to register your business in Ireland, there are many requirements you need to be prepared with before you can proceed with your application. Here’re some key information and requirements that you should be well aware of when want to set up an Irish company to start business activities. Company Name You must pick a unique and distinguishable name for your company as per the guidelines by the Companies Registration Office (CRO) to choose a business name. It is required to take special permission beforehand if you want to include words such as “Bank”, “Insurance”, and “Groups” in your business name. you should also not include any offensive words in your company name. The legal structure of your company You also need to determine the company type or legal structure of your company before proceeding with your application. You can register your business as a private limited company, partnership, sole trader depending on the kind of business you plan to run, with whom are doing business, and the risks associated with it. Consult with a professional business consultant to discuss your standing to decide the legal entity of your business. Registered Office The registered office address of your company must be located in the Republic of Ireland. Residents of Rep. of Ireland can use their home address for their registered office if they are the director of the company. You need to decide this beforehand to process your business registration application. Shareholders Shareholders have the ownership of the company, and you need to name shareholders with your application at the time of company formation. They must be at least 18 years of age at the time of incorporation of your company. You will need the following information of the shareholders to proceed with your application: Full name Residential Addresses of Shareholders Amount of shares that are allocated to each shareholder Company Directors Your company directors are appointed by the shareholders to run and manage the Company operations. If you are registering a private limited company, you must appoint at least one company director in your company. You will need the following information of the nominated directors to proceed with the company incorporation: Full Name Nationality Residential Address

2. Date of Birth Business Occupation The name or names of companies where the nominated directors stand as directors (if applicable) If you want to set up an Irish company, connect with a professional business consultant to get all the information and knowledge about all the requirements for setting up a new company in Ireland for a hassle-free experience. Source: https://www.global-gathering.com/opinions/27410