Irish Formations have multiple solutions for opening bank accounts for limited companies in Ireland. A new consideration has arisen for anyone looking to open an account. We have been notified by our contact within AIB Bank in Ireland that opening a bank account for a limited company must include a completed submission to the register… Read More »
Author: Mark Hegarty
Registered Office versus Trading Address
If you are considering incorporating a company in Ireland and you were wondering what the differences between a registered office versus trading address then read on. Firstly you should consider putting both The registered office address and trading address on your incorporation documents from the beginning. The best advice is that they should be different… Read More »
Trading address for a limited company
Do you need a trading address for a limited company? Irish Formations will be offering a separate trading address from the statutory registered office address of a company from April 2021. We have taken office space in a separate building and will be offering a number of services including Desk Rental, Boardroom… Read More »
Section 137 Non Resident Bonds and Brexit
Section 137 Non Resident Bonds and Brexit has become a hot topic now that the transition and deadline period has passed, the United Kingdom has left the European Single Market in December 2020. An agreement was reached between the UK Government and European Commission to align Northern Ireland in a limited way on rules over… Read More »
What is a PPS number?
When we are contacted regarding forming a new company for a client living outside Ireland, one of the many questions they ask is what is a pps number? A Personal Public Service Number or PPS number, also referred to as a PPSN. The number is required by Irish Directors who own more than 15% of… Read More »
Company Formation Filing Deadlines year end 2020
Update as at 09:18am on 23rd December 2020 The process of incorporations on the New Companies system is still showing errors, and there are some small delays. For the most part the process is returning to normal. Update as at 13.00 on 17th December 2020 The Companies Registrations office released the CORE software over… Read More »
Do I need to do an annual return?
One of the most frequent questions regarding annual returns is do I need to do an annual return? I had no trade in the first 6 months. The answer here, whether you had activity in the company or not is YES. The first annual return is filed 6 months after incorporation, even if the company… Read More »
Incorporating a Company Timelines
If you are considering incorporating a company before Jan 01st 2021, there are a number of contributory factors that could delay the incorporation process regarding incorporating a company timelines. This post will take you through the considerations, but the bottom line is that if you want to be incorporated to operate in January, we are… Read More »
Buying a Shelf Company in Ireland
Buying a Shelf Company in Ireland is sometimes the go to for Directors who want a quick turnaround, but it has its advantages and disadvantages. In our industry, clients are looking for services to be provided quickly. Generally the company formation or Shelf Company transfer needs to be turned around quickly, usually because the client… Read More »
Moving Sole Trader to Limited Company
Moving sole trader to limited company can seem like a daunting task, but with the correct guidance, it can prove very beneficial. Planning for moving should be in conjunction with an Accountant with a Tax skillset. Limited Liability. Limited Liability is one of the most important provisions made within the 2014 Companies Act. It is… Read More »