Welcome to our website, where we provide expert accounting services for international businesses looking to establish their presence in Ireland.
Welcome to our website, where we provide expert accounting services for international businesses looking to establish their presence in Ireland. As Dublin-based accountants for international business, we understand the unique challenges and opportunities that arise when operating across borders. Our team of experienced professionals is here to guide you through the process of setting up your company in Ireland, ensuring compliance with local regulations and maximizing your business’s potential.
Ireland is renowned for its business-friendly environment, offering easy procedures and minimal red tape for setting up companies. Whether you are a non-resident or an EU/EEA resident, we have the knowledge and expertise to assist you. If you have questions or require guidance, we can provide information on the various support organizations available, such as the IDA (Industrial Development Authority) and Enterprise Ireland, which can offer valuable insights and potentially access to funding for qualifying startups.
When it comes to company setup, Ireland allows for flexible options. You can establish a single-member company with only one director or have multiple directors according to your needs. For single-member companies, a company secretary, other than yourself, is required. We can connect you with reputable secretarial companies like Farrelly & Scully, who can act as secretaries for a small annual cost, ensuring compliance with necessary AML (Anti-Money Laundering) checks and filing the A1 form to the Companies Registration Office (CRO). The duration for setting up a company may vary, typically taking up to four weeks depending on the workload of the CRO.
To establish a company in Ireland, you will need a registered office address. We can assist you in finding suitable options such as renting an office space, desk space, or utilizing the services of virtual office address providers, which often come with minimal costs.
If you are an EU/EEA resident individual looking to set up a company in Ireland, there are no additional requirements compared to Irish residents. Our team will ensure a smooth and streamlined process for your EU-based business expansion.
For non-EU/EEA residents wishing to establish a company in Ireland, there is an additional requirement of providing a “non-resident director bond.” This insurance bond provides coverage for two years. After two years of company operations, you can request an exemption from the bond by asking the revenue authorities to provide a statement confirming the existence of a real and continuous link with the country.
From 11th June 2023, all directors are required to have a Personal Public Service (PPS) number for company formation. If you are a non-resident, our team at Farrelly & Scully can assist you in applying for this PPS number, ensuring compliance with the latest regulations.
The Register of Beneficial Ownership (RBO) plays a vital role in promoting transparency, combating money laundering, and preventing terrorist financing. All companies and certain legal entities incorporated in Ireland are required to obtain and maintain accurate and up-to-date information about their beneficial owners. The RBO is a centralized register maintained by the Companies Registration Office (CRO).
As your trusted accountants, we will guide you through the requirements of the RBO. This includes providing details such as full names, dates of birth, nationalities, residential addresses, and the nature and extent of the beneficial interest held by each beneficial owner. We will also help you prepare the necessary supporting documentation to verify the accuracy of the information submitted.
Once your company is formed, we can assist you with tax registrations, including obtaining the corporation tax number, VAT number (subject to qualifying criteria), and PAYE number (if you have employees). Our expertise in navigating the Irish tax system will ensure compliance and efficient management of your tax obligations.
Additionally, we understand the importance of a business bank account for your operations. We can guide you through the process of setting up a business bank account, whether through conventional banks or alternative options like Wise and Revolut, which offer faster and more streamlined banking services.
With our comprehensive services, including company setup, tax registrations, banking assistance, and compliance with regulatory obligations such as the RBO, you can focus on your international business ventures. Our efficient processes and expertise ensure that everything can be arranged within a timeframe of 5-6 weeks, allowing you to start trading and expanding your operations seamlessly.
Choose Farrelly & Scully Accountants as your trusted partner for international business accounting in Ireland. Contact us today to discuss your specific requirements and benefit from our tailored solutions designed to meet the unique needs of your international business.