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Set Up Guide

Can I open an Irish company bank account in Ireland as a non-resident?

Can I open an Irish company bank account in Ireland as a non-resident?

Yes, Irish banks will open business accounts in your business name for non-resident individuals, however they will often request to meet the company director in person before they will make an account operational. Irish banks will also want to see company documentation including the Certificate of Incorporation. In certain cases we can open a bank account remotely, without requiring clients to visit the bank.



How much Share Capital does my Irish company require at setup?

How much Share Capital does my Irish company require at setup?

Unlike many other EU companies, the minimum issued share capital for an LTD company is €1. Authorised and issued share capital can be selected at the point of incorporation based on your preference. Our standard incorporation will have 100,000 authorised shares of €1 each, with €100 issued.



Do I need a company secretary?

Do I need a company secretary?

There are no official educational requirements for someone to act as Company Secretary, however, it is important to note that Irish company directors have a duty to ensure that the person they appoint has the skills or resources necessary to discharge his or her duties. As a result it is common for company directors to employ the services of a professional company secretarial firm to oversee this aspect of their company. Nathan Trust offers the service of a professional nominee Company Secretary.



Irish Registered Office

Irish Registered Office

Each company needs an Irish address, which we can provide if necessary. A PO box will not suffice.

Nathan Trust can provide your company with a registered office at which official documents can be served and this address should be displayed on all business letterheads and company order forms.



How many Directors do I need to register a company in Ireland?

How many Directors do I need to register a company in Ireland?

Currently Irish company registration requires just one Director, with a separate person acting as Company Secretary.

Directors need to be based in the EEA, however, if no Director is from the EEA, you can take out a bond.



How long does it take to setup a company in Ireland?

How long does it take to setup 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:

-    1 * certified copy of Passport
-    2 * certified copy of utility bills. These need to be dated within the last 3 months.
-    If the shareholder is a company, we will need to see the Cert of Incorporation. We need to identify the Ultimate Beneficial Owner is.



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