How to form a limited company with Irish Formations
We thought it would be good to post an article on how to form a limited company with Irish Formations, as its not just about forming the limited company, there is a lot more involved in what we do, and this article will give you a background into how we work with clients. This article explains how we work with Non-Resident clients, but we also work with clients all over Ireland. Legal firms, Accounting firms, and Entrepreneurs engage us to get their companies formed on a daily basis. We also have a basic how it works page for you to view HERE.
Pre-Incorporation: Clients generally go to our website to find their limited company name. Our checker tool gives instant results on the availability of limited company names, and the checker will report back if it is available. Once this is done, the client can start filing the form on our website. Once it is filed, we are notified and the form is checked for compliance by our staff. Many clients like to call in to discuss their needs and corporate structure.
Forms are Emailed: Once the forms are generated by us they are checked again. We prepare the application forms, and the companies constitution and any other forms required for the registration of taxes. They are attached to an email with full instructions. They are then emailed to the client for review, and they instruct us if any changes need to be made.
Forms Are Posted Back: As scanned forms cannot be accepted to form a company in Ireland, forms must be signed by Directors, and the Secretary and shareholders. The forms are sent back to us by post with Company officers identification Once we receive it we process the forms, and they are sent to the relevant Government department for processing. This takes between 3-5 days, and if priority is required we submit this also to cut the number of days it takes.
Post Incorporation: When the company is incorporated we notify the client by email, and generate the entire incorporation pack to be posted out. This pack comes in a large envelope with all the Incorporation documents. We also submit applications for any tax registrations required, and organise meetings for the client with Tax advisers, the bank, and any government funding meetings with Enterprise and Local Enterprise offices. For Legal and Accounting firms the process is basic and includes only the incorporation.
Banking: We offer 2 methods of banking referrals. We refer clients to Major Irish Banks so they can fly into Ireland and meet with us to go through the Incorporation documents, so they can then go to a pre-arranged meeting with our contacts in the bank. We also offer a remote opening proceduire where our clients can open an account with Internet banking. This account comes with an IBAN and SWIFT code.
Compliance Meeting: For Non-Resident Pack and Premium Pack clients we organise a compliance meeting with an Accountant. This meeting goes through what you need to do to keep your new company compliant for the immediate future. Its a one hour meeting with an agenda, and there is plenty of time to ask questions in the future.
First Annual Return: The first annual return for every company must be submitted to the companies office 6 months exactly after incorporation. This is a statment of information on the make up of the company, and it is emailed to our client for signing and returning.