Why Form A Company in Ireland?

Your Essential Company Set Up Checklist:

1. Have At Least One Director
   
   A minimum of one Director is required in a Private limited company with shares. You can have more Directors on board if you require it but you need to be aware of the duties and responsibilities of Directors, and that they all have equal powers in a company formation in Ireland. Choose your Directors carefully for your company formation and ensure that they are aware of their responsibilities.
2. Choose A Company Secretary
   
   In the event that your company is led by a sole director, it becomes imperative to designate a separate entity or individual as the Secretary. However, when there are two or more directors, it’s possible for one of them to also undertake the role of the company Secretary. Irish Formations offers the option to serve as nominee secretary. The company Secretary bears a responsibility in ensuring the company’s compliance with its statutory deadlines. Working in close collaboration with the Accountant, they are dedicated to ensuring the punctual submission of financial statements. Failure to submit the Annual Return on time can result in substantial fines, and the financial statements might require auditing for a span of two years. To eliminate the risk of missing the Annual Return deadline, we will provide timely reminders of these obligations.
3. Have At Least One Shareholder
   
   The shareholders stand as the proprietors of your company. It’s a common occurrence, especially in new enterprises, for the director to double as the company’s shareholder. However, it’s worth noting that directors are not obligated to be shareholders, and the same holds true in the reverse direction.
4. Choose A Company Name
   
   When considering the establishment of a Limited Company in Ireland, your initial focus may naturally be on the company name. Nevertheless, it’s important to keep in mind that the Companies Registration Office (CRO) imposes strict guidelines regarding company names. The chosen company name must possess uniqueness, setting it apart from other names already registered in Ireland, and it must adhere to the prescribed company name regulations. The Registrar carries out thorough examinations to confirm the uniqueness of your suggested name. Should it closely resemble existing names on the company registry, the Registrar has the authority to request a different name for resubmission. To streamline the process and save time, it’s advantageous to engage the services of a company formation specialist, such as our dedicated team at Irish Formations. You merely need to provide us with your proposed company name, and we will manage all the necessary procedures on your behalf.

6. Have Two Addresses: Business Address and Trading Address
   
   The registered address pertains to your company’s official legal address. It must be a physical location situated within Ireland and subject to regular monitoring. Many companies choose to obtain a registered address specifically for this purpose, as important notifications are often sent there. It’s noteworthy that this address is publicly accessible on the CRO website. You can delegate this responsibility to a regulated Registered Office Address (ROA) provider, such as our organization. What is a business address, you may ask? The business address functions as the site where your company’s business-related mail, including invoices, is received. It serves as the hub for day-to-day communication concerning the company’s operations. Keep in mind that, for taxation purposes, the Revenue authorities will still need information about the specific location where your business conducts its operations, which is known as the trading address.
7. Prepare And Sign The Incorporation Documents
   
   Once you submit your information on the website we will send you all the PDF’s to sign and return and your company will be incorporated within 3-5 working days. Everything is done remotely for you by email and we provide support at every stage.