Company Incorporation
1. What is company incorporation?
Company incorporation refers to the legal process of forming a new company. It involves registering the company as a separate legal entity, distinct from its owners or shareholders.
2. What are the requirements for company incorporation in Ireland?
To incorporate a company in Ireland, you need at least one director who is an EU resident, a registered office address in Ireland, and a unique company name that adheres to legal guidelines. You will also need to submit certain documents, such as the company's memorandum and articles of association, to the Companies Registration Office (CRO).
3. How long does the company incorporation process take?
The timeframe for company incorporation in Ireland can vary depending on various factors, including the complexity of your business structure and the workload at the CRO. On average, it takes around 5 to 10 working days for standard company formations. However, more complex structures or additional requirements may extend the process.
4. What is the cost of incorporating a company in Ireland?
The cost of incorporating a company in Ireland depends on various factors, such as the type of company, professional fees, and additional services required. It typically includes registration fees payable to the CRO, legal and accounting fees, and any other relevant expenses. It is advisable to consult with a professional service provider to get an accurate estimate of the costs involved.
5. Can I incorporate a company in Ireland if I am not an Irish resident?
Yes, you can incorporate a company in Ireland even if you are not an Irish resident. However, at least one director must be a resident of an EU member state. Alternatively, you can engage the services of a professional service provider who can act as a nominee director to fulfill this requirement.
6. What are the compliance requirements after company incorporation?
After incorporating your company in Ireland, you will need to comply with certain obligations, such as maintaining proper accounting records, filing annual financial statements and annual returns with the CRO, and keeping the company's statutory registers up to date. It is essential to adhere to these requirements to ensure ongoing legal and regulatory compliance.
7. Can I change the company name after incorporation?
Yes, it is possible to change the company name after incorporation. However, certain procedures need to be followed, including obtaining the approval of the board of directors and passing a special resolution at a general meeting of shareholders. The updated name must then be registered with the CRO and relevant authorities.
8. Can I avail of your start-up packages if I have already incorporated my company?
Yes, our start-up packages are designed to assist both new and existing companies. If you have already incorporated your company but require additional services or guidance, our start-up packages can be customized to meet your specific needs. Contact our team for further information.