Ireland Company Formations

Our Ireland company formation package includes the following:

• Irish Company Name Check
• Structuring the company as per your requirements
• Prepare your Company Registration Forms
• Appoint the first Directors, Shareholders and Secretary
• Drafting the Constitution and allocation of the NACE code
• Fast track electronic filing of documents with the Companies Registration Office – incorporation usually takes 4 days
• Government licence fee payable on incorporation
• Issue of Shares
• Certificate of Incorporation
• The Constitution, one copy is held by the Companies Registration Office

Company Directors

One director is required and they need to be a permanent resident of a country in the European Economic Area.

Every company is required to have a minimum of two officers.  The sole Director cannot act as the Company Secretary.

Company Secretary

Irish companies are required to have a Company Secretary and have the duty of filing the annual return and accounts ensuring that the Companies Act 2014 is complied with.

We will act as your Company Secretary .

Share Capital – Shareholders

The issued share capital normally consists of one hundred shares with a nominal value of €1 each.

At least one shareholder is required corporate or individual. There are no residency restrictions.

Ireland EU Director Bond – Resident Director

If your Irish Company does not have a director who is resident in the European Economic Area, a two-year Non-Resident bond must be taken out.

The Section 137 Non-Resident Directors Bond exempts companies registered in the Republic of Ireland from the requirement to have a resident in the European Economic Area as a director.

The Bond insures the company for a sum of €25,000 and we can arrange for a non-resident director bond if required.

Ireland Registered Office

This is the address where your company is officially registered and accepts service of legal documents from the Revenue Commissioners and the Companies Registration Office.

It does not have to be the address where the business is carried out.  We  provide your registered office address.

Register Beneficial Owner – Personal Public Service/Identified Personal Number.

If the directors, beneficial owners do not have an Irish PPS number or a previously issued RBO number you must apply for a Identified Personal Number (IPN)

Application forms must be sworn in the presence of a notary in the director’s home country.

Once the form has been processed, the CRO will issue an IPN.   This must be used for all future CRO filings for any company to which that named officer is appointed.

If a director beneficial owner does not have a PPS number but has previously been issued a Register of Beneficial Ownership number for filings made with the Central Registrar of Beneficial Owners, then their RBO number can be used as their IPN for CRO filings.

Any person who holds 25% or more of the company’s shares (whether directly or indirectly) is a beneficial owner.

If you do not have an Irish PPS number, then you must apply for a Verified Identity Number, by means of a Form VIF – Declaration as to Verification of Identity. The Irish Registry have very recently introduced a new requirement for all directors and beneficial owners to obtain an ‘Identified Person Number’ (IPN)  – this will be required for the submission of certain electronic filings, such as the Register of Beneficial Owners or an Annual Return. Existing directors and beneficial owners of Irish companies must start applying for their IPN’s, unless they already have a PPS or previously issued RBO number.

Only one IPN is required in respect of each director. Once this has been processed successfully the Identified Person Number is issued by the Registrar, that number can be used for making future filings for that person.

Any relevant entity that fails to file a PPS number with the CRO where such a number has been assigned to a director, and/or submits an IPN application where a PPS number exists for the director, will have committed an offence.

The Constitution

The Constitution of a company sets out what the company may do which is very extensive. A NACE Code is required which outlines the principal activity of the company, this is used for statistical purposes.

Ireland Annual Compliance

In line with the Anti-Money Laundering regulations, we complete compliance checks and update the records held at the Registered Office, to ensure your Irish company meets its regulatory obligations and remains in Good Standing.

We conduct annual reviews to ensure that the due diligence documentation held on your company file are up to date.

The fee covers the additional time spent monitoring Know Your Client for the Company Directors, Shareholders and other connected entities, in addition to general matters concerning corporate governance and regulatory updates.

Our annual compliance is based on an Ireland company with standard Share Capital, two Directors and two Shareholders. If your company has a higher Share Capital or additional Directors or Shareholders, there will be additional compliance charges.

Shareholder & Directors Maintenance

Under the Companies Act, we need to ensure your company registers, including the directors register and shareholder register are maintained. A copy of the Directors register is held at the Irish registered office of your company.

If there are changes to the Company Directors of your company, we will need to get updated due diligence records and file an updated directors register with the Companies Registry.