Register A Company In Ireland

•  From both a marketing perspective and in line with the CRO guidelines the name you choose should be unique for your company registration in Ireland. The best way for you to get your name is to look at what’s available. Of course if you give us a call we can check the availability of the name you want. Feel free to use the checker on our homepage also. This is the name you will trade with. Trading with a Limited company name is always preferable but not the only approach. We named our limited company Irish Formations Connect Limited. It trades as Irish Formations. We did this because there is a Dissolved company on the register named Irish Formations, so we couldn’t use that name. We added the word “Connect” to make the limited name unique.

A Section 137 Non-Resident Directors Bond in Ireland refers to a financial guarantee required under the Irish Companies Act 2014 for companies that do not have at least one director who is resident in a member state of the European Economic Area (EEA).

• Purpose of the Bond: The bond serves as a safeguard to ensure the company meets certain obligations, such as paying taxes, penalties, and fines arising from breaches of company law or tax law.
• Bond Amount and Duration: The bond must be valued at €25,000 (This is not the cost) and typically lasts for a period of two years. It can be renewed if the company still does not have an EEA-resident director at the end of the bond period.
• Obligations Covered: The bond covers specific liabilities that may arise due to the company’s failure to meet legal obligations in relation to taxes, duties, and certain penalties under the Companies Act and the Taxes Consolidation Act 1997.
• Obtaining the Bond: The bond can be obtained through ourselves on THIS PAGE
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• You can’t use the word “standard.” It’s prohibited.
• If your name implies specific functions, like “holding” or “group,” you might need to provide additional information to the CRO.
• You can’t use “University,” “Institute of Technology,” or “Regional Technical College” without seeking and obtaining permission from the Department of Education.
• Words like “insurance,” “re-insurance,” and “assurance” require prior permission from the Irish Financial Services Regulatory Authority (IFSRA).
• Using “society,” “co-op,” or “co-operative” is not allowed unless you’ve obtained permission from the Registrar of Friendly Societies.
• It’s generally recommended to include extra words in your company name to ensure sufficient distinction between names.
• Certain words, abbreviations, accents, and punctuation marks are not enough to distinguish between company names. For instance, avoid using words like “company,” “co,” “corporation,” “and,” “&,” “service,” “services,” and “limited.”
• Place names, such as Ireland, Dublin, West, etc., are not considered sufficient to differentiate between company names.

• You should exercise caution when dealing with names that are deemed to have a distinctive element. Simply adding qualifying words might not be enough to set apart company names. Names that sound or look similar will be denied, even if there’s only a minor spelling variation that doesn’t significantly differentiate them. As previously mentioned, if your name gets rejected, you’ll need to select an alternative. You can then resubmit it for approval, and it typically gets processed within a day or so.

The first step will be a call with our managing director about a company registration in Ireland. He will talk you through all your options and the necessary specific requirements for you and your company. Prices and requirements vary depending on a number of factors such as company type or residency. There are some elements of the company registration in Ireland process that we can ommit to speed up and make the process more cost effective.

After your discussion and having decided on how to proceed you will make an account with us and place your order for your company. The following information will be required:

• Company Type
• Company Name (First Choice)
• Company Choice (Second Choice)
• Would you like to add our registered office address? (decided on phone consultation)
• Nature of business
• Director 1 details (Name, Address, Date of Birth, Occupation, Nationality)
• Company Secretary Details
• Shareholder Information
• Any other information you want to give us which may be relevant

• Our team will email you over your signature pages, constitution and tax registration. They will then check all your information and correspond with the CRO to have your company name approved. We will liaise back and forth with them until everything is 100% accurate. This generally takes around 5 – 6 working days but can vary depending on CRO processing times. During this time you will also be emailed by a member of our team to provide us with a trading address and to confirm your PPS number.

Simply adding qualifying words might not be enough to set apart company names. Names that sound or look similar will be denied, even if there’s only a minor spelling variation that doesn’t significantly differentiate them. As mentioned earlier, if they reject your name, you should choose another one. If you do not have a PPS number then you will need to obtain a VIN (Verified Identity Number). We include this service as part of your company formation package and can handle all paperwork and filings for you. It is important to note that you can not form a company without obtaining this number.

• Once we process all the documentation, the CRO will issue your certificate of incorporation. Our team will then prepare your official company documents, which we’ll add to your account for digital viewing. We’ll also send the physical documents to you by mail.

• After incorporation you still have a number of obligations to complete. In the purchase of a premium package or for non – residents we provide these services for you. After we send your incorporation email, we also send your RBO and Tax Registration emails. The RBO filing is a legal requirement for those who wish to open a business bank account. Tax registration is necessary before you start trading or issuing invoices to clients.
• We also take care of your First Annual Return. You must file this precisely 6 months after incorporation with the CRO. We will remind you of this and email you the signature pages and make the submission for you when the time comes.
• Irish Formations provides a registered address service for those that may need it. This means we keep track and organize any post delivered to your new company. We scan it and email it to you and keep it in its own personal file.

If you have only one director, it is necessary to appoint a separate company secretary. However, if your company has two or more directors, one of them can also fulfill the role of the company secretary.

The primary responsibility of the company secretary is to ensure the company meets its Annual Return Deadline. Here at Irish Formations we thankfully provide this service. We do all the paperwork and filing for you, all we require is a signature. Late filing of the Annual Return can result in hefty fining and penalization to either the company or the stakeholders involved. To avoid any issues with missing the Annual Return deadline, our service offers peace of mind and can help you stay in compliance. The company secretary plays a critical role in ensuring adherence to the deadline and avoiding potential penalties.

We also offer a nominee secretary service which means we act as your secretary on all legal correspondence. We sit in the chair, but we don’t part take in any secretarial obligations.

The shareholders are the rightful owners of your company. In many new businesses, it is customary for the director and company secretary to also be shareholders of the company.

If you are establishing a company with a co-founder, you might consider discussing shareholders’ agreements and voting rights. However, it’s important to be aware that these agreements are not mandatory when setting up a company in Ireland.

Shares can be envisioned as portions or units of ownership in the company that can be distributed to individuals. As a result, the division of shares defines the legal ownership structure of the company.

In the process of establishing a Limited Liability Company in Ireland, shares are issued. Once the company is registered, there is flexibility to either allocate additional shares or transfer existing ones to other parties.

When registering a company in Ireland it is necessary to have a business address and a registered address. There is a distinct difference between the two.

The official legal address of your company must be a physical location within Ireland and regularly monitored.  At Irish Formations we offer a registered office service. This address is publicly available on the CRO website.

On the flip side, a business address is where your company receives its business mail, including invoices. It’s important to note that, for tax purposes, Revenue requires the exact location where your business carries out its trading activities. This is known as a trading address, but it’s not a mandatory requirement for establishing a company in Ireland.

When considering the registration of a Limited Company in Ireland, the company name is likely to be the first aspect that comes to mind. However, it’s crucial to bear in mind that the Companies Registration Office (CRO) maintains strict guidelines concerning company names.

To comply with the regulations, the company name must be unique and easily distinguishable from other names already registered in Ireland. It must adhere to specific company name guidelines.

The Registrar will perform comprehensive checks to ensure the proposed name meets these requirements. Irish registered companies must actively register their beneficial owner, meaning anyone who holds 25% or more of company shares, on the RBO (Register of Beneficial Ownership) website.

To simplify and expedite the registration process, it is advisable to enlist the services of an expert, like our team at Irish Formations. With our Company Formation Ireland Service, we provide a thorough company name check. Simply provide us with your proposed company name, and we will handle all the necessary procedures to ensure a seamless registration.

Every Irish registered company must register their beneficial owner, which refers to anyone holding 25% or more of company shares, on the RBO (Register of Beneficial Ownership) website. You have a window of five months after incorporation to fulfill this registration requirement. For the majority shareholders, it is necessary to possess a Personal Public Service Number (PPSN) to complete the registration. Alternatively, they can fill out a form BEN2. To simplify the process, you have the option to outsource the Registration of Beneficial Ownership service to a company formation specialist, such as Irish Formations. We include this key process within our Premium Packages. Opening a bank account in Ireland is not possible without completing this step.

For new companies in Ireland, tax registration is a crucial step. This must be completed before commencing trading and issuing invoices to clients. Usually, this tax registration process is handled separately by your third party.

Managing tax payments and filing tax returns can be complex, with strict deadlines and potential penalties for non-compliance. In our premium company formation packages we offer tax registration and we file your first B1 Annual Return which is due after six months. Anything after this we would recommend you go to an accountant. This will ensure proper compliance as well as peace of mind. This allows you to focus on your business while leaving the tax-related responsibilities in capable hands. At Irish Formations we will refer you to our Sister business called CACM who work in the Areas of Audit, Tax Compliance.

To set up a business bank account in Ireland, typically, you’ll need at least one director to meet with a bank representative in person. Alternatively, you have the option to open an online bank account with a bank provider such as Revolut or Fire.com for which we are Channel partners.rnrnBefore proceeding with the setup of a company bank account, you must possess the necessary company documents, which include the original certificate of incorporation, your company constitution, and a copy of the A1 form. In essence, the bank account setup is contingent upon the company’s successful incorporation.