Things To Know About Opening A Company In Ireland
If you are thinking of starting your own Limited Company, then you must be aware that this process can be long and cumbersome. Getting your Business name approved, compiling all the documents, making sure you comply with all the tax legislations can be confusing.
Shelbourne Accountants Ltd provides professional Company Secretarial Services for small to medium sized companies in a variety of industries.
What are Company Secretarial Services ?
Company Secretarial Services are services provided to a business to ensure the business remains compliant with the law and include the incorporation of companies.
Are you considering incorporating your business or starting a new company?
To avoid the hassle of all that incorporation involves, why not let Shelbourne Accountants Ltd take the worry out of it all for you.
Shelbourne Accountants delivers professional company formation services that help you meet your regulatory, legislative, and reporting requirements, including assisting company directors with incorporating and setting up a business in Ireland, compliance with the Companies Act 2014 and EU Anti-Money Laundering (AML) Regulations, meeting company filing deadlines, registering directors, shareholders, and beneficial owners and more.
The Republic of Ireland is an ideal place in which to incorporate your business. If you want to register a company, Shelbourne Accountants, an expert in all things related to company registration in Ireland, can take care of everything for you. Our Company Secretarial Team have extensive experience working with domestic and international businesses operating in Ireland, helping them comply with their Irish regulatory, legislative, and reporting requirements.
With our service guarantee and quick response times, Shelbourne will manage your company application from start to finish and will provide you with full support and expert guidance after your company is registered. Shelbourne offers a fast and reliable registration service with registration generally only taking a matter of working days.
Shelbourne can offer you a dedicated Company Secretarial Service and registered office address facility if required.
Requirements:
All you need to do is:
1) Decide the type of company you want (usually a limited liability vehicle, “Ltd”)
2) Complete the shareholder information, and
3) Choose additional services.
Benefits:
The outsourcing of your company formation and secretarial requirements ensures that your legal obligations are met by an experienced professional, ensuring that your company stays fully compliant.
Benefits of incorporation include:
· Limited Liability
· The Retention of an EU presence post-Brexit, if required; and
· The 12.5% rate of Corporation Tax on trading profits.
· Limited Liability
It is a well-established principle of Irish company law that a company is an entirely distinct and separate legal person from its shareholders. Accordingly, it is the company (as a separate legal person) that is liable for its debts and obligations. A benefit for a business, which incorporates as a limited liability company, is that the liability of the shareholders in respect of the debts and obligations of that company is limited to the amount, if any, remaining unpaid on the shares held by them, save in exceptional circumstances.
· Transferability
The shares of a private limited company are (as a general rule) easily transferable by virtue of the shares being the shareholder’s personal property. The transfer of such shares (where they are fully paid up), generally speaking relieves the transferor of all his obligations to the company.
· Perpetual Succession
A company only ceases to exist where it is wound up or struck off the register of companies. This makes it easier to sell on the business by way of share sale, because the existing contracts continue in place with the company until a winding up or strike off.
· Administrative & Filing Requirements
There are additional administrative and filing requirements which apply to a limited liability company. These include the requirement to keep proper books of account that give a ‘true and fair’ view of the state of affairs of that company, the presentation of annual accounts to shareholders at the annual general meeting, and the annual filing of accounts with the annual return in the Companies Registration Office (CRO).
· Shareholders’ Agreement
It is prudent for the shareholders in the company to put in place a comprehensive shareholders agreement (to deal with matters which may previously have been managed in accordance with some type of partnership agreement), including, for example, company structure, administrative issues, financing and shareholder rights and obligations.
As you can see, there is a lot to think about! For more information on how our Company Secretarial Services can help your Business, why not get in touch? Shelbourne Accountants is ready to help you every step of the way!
