Compliance with statutory obligations is now more important than ever in the complex regulatory environment in which companies operate. Harnessing the latest technology, our service has been designed to provide a prompt, reliable and comprehensive service. Our service is tailored to each client company’s requirements with reference to its business sector, stage in the business lifecycle, and specific needs to ensure their obligations are met efficiently whether in Ireland, Europe or Worldwide.
1. Do I need to visit for setting up a limited company in Ireland?
2. How much does it cost to set up a limited company in Ireland?
3. Do directors need to be resident in Ireland?
4. What is a Company Secretary?
5. How long does it take for setting up a company in Ireland?
1. Do I need to visit for setting up a limited company in Ireland?
No, your physical presence is not required in Ireland in order to incorporate a company. Signed application and identity documents can be sent by post in advance of your limited company setup. However, we always like to invite our clients to Dublin or Cork to meet us where possible.
2. How much does it cost to set up a limited company in Ireland?
The price varies depending on the services you require. For setting up a limited company in Ireland, we always try to provide a competitive quote tailored to your individual needs. Contact us for more information on incorporating in Ireland and to learn more about the services we can offer your business.
3. Do directors need to be resident in Ireland?
No, limited company directors do not need to be resident in Ireland. However, there is a requirement for at least one of the company directors to be an EEA (European Economic Area) resident. Moreover, the nationality of a potential director will not influence this requirement. For instance, an Irish national (company Director) living in the United States cannot be the sole Director of the Irish company. Whilst, it is not a legal requirement – It is advisable to have an Irish based Director on the board of your company for tax residency purposes.
If you are one of the companies with no EEA resident Directors, we can provide you with a Section 137 non-EEA Directors bond or you can also avail for a Nominee Director service for Irish company registration. Our nominee directors are highly regarded in the company secretarial & compliance area by Ireland’s accounting and legal professionals.
4. What is a Company Secretary?
The Companies Act 2014 stipulates that every company must have a company secretary. As for their duties, the act states:
“The duties of the secretary of a company shall, without derogating from the secretary’s statutory and other legal duties, be such duties as are delegated to the secretary, from time to time, by the board of directors of the Company”.
These duties entail:
The company secretary does not have voting rights at board meetings and cannot make any board-level decisions unless the company secretary is also a director.
5. How long does it take for setting up a company in Ireland?
It usually takes between 3-5 days, once anti-money laundering (AML) checks have been completed. For AML we require the following:
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Nathan Trust is the trading name for Millex Limited (CRO Number: 314738), is officially registered in Cork, Ireland, and operates under the regulatory oversight of Chartered Accountants Ireland (56679), Chartered Governance Institute (No: 1045242) and the Irish Tax Institute.