Guidelines for a More Convenient Irish company setup
Setting up a company in Ireland is quite a sought-after venture due to the relatively hassle-free
procedure. With Ireland being the hub of commercial activity in the European Union and the de facto
financial capital of the world makes it a profitable investment to register your business in the country.
There are certain guidelines to follow which will make your Irish company setup process a more
convenient and beneficial endeavor.
• Before you approach the Companies office or start looking for locations, you must first decide upon a
name. The name must be unique and not already being used by any other business functioning in the
Ireland. A proper and collective research of Companies already registered in Ireland will give one some
idea of what name to fix on. You may also try and change the type of your company which will give you
a different identity. For e. g. Wilhelmsen Inc. and Wilhelmsen Ltd. are different even though they share
the same name. You may also approach an Agent to assist you with the right way to deal with this.
• The next step would be to register with the companies House, which is basically the go-to place for
individuals wishing to register their companies and getting incorporated. It is an Executive Agency for
the Government of the Ireland which comes under the Department of Business.
• You would also need to acquire a permanent address for your setup. Without a permanent site
location, you cannot register yourself with the Companies House.
• Each and every company in the Ireland is required to file certain annual financial statements in order
to meet the current operating criteria. There will also be a form to fill, wherein you must give important
details such as the location, details of the subscribers, details of how it will be run and so forth.
Once these requirements have been met, one can set up his/her business and conduct operations
without any hindrance. Most companies use the Electronic Filing facilities at Companies House. This
means that when someone places an order, the request is sent instantly to Companies House for
processing. The Registrar of Companies generally completes the incorporation within 3 working hours.
This can mean that if someone placed an order before noon on a normal working day, it could have his
company incorporated by the end of that same day. There are important guidelines for a more
convenient business formation process.
Easy to set up: The sole trader business is the simplest form business. You can set up your sole trade
business easily. You can trade as you are looking for. No formal procedures are required and the
business can be commenced immediately
Full control over your business: As a sole trader you have full control over your business and you can
take any decision as per your suitability without consulting and taking permission from other partners.