|
Google ADS | ||
|
Ireland has a solid support system for new companies, but foreign citizens must meet special requirements. These include providing employment for at least two Irish, European Economic Area or Swiss nationals and generating an income that supports the owner fully during his stay in Ireland. As of 2009, the business to-be also must transfer a minimum of 300,000 euros to the state before obtaining a business permit. Some exceptions to these rules may apply. |
||
|
Google ADS |
||
Step 1 Determine your legal status. European Economic Area nationals, their dependents and spouses, Swiss nationals, parents of Irish-born citizens, and refugees do not need a business permit to conduct business in Ireland. Foreign citizens must have a business permission issued by the Minister for Justice, Equality and Law Reform to conduct business in Ireland for a specified amount of time (one year initially). Step 2 Apply for a business permit by contacting the Business Permission Unit of the Immigration Division of the Irish Naturalization and Immigration Service. The office will require a valid passport, a business plan, and a police statement from the authorities where the applicant has resided for more than six months in a span of 10 years. Check with the department to see if other requirements must be met. Step 3 Decide on a business name and register the name with the Companies Registration Office. Use their Leaflet No. 14 for guidelines, available on their website. Once the Certificate of Registration is received it must be displayed at the place of business. Step 4 Register with the Revenue Commissioners using the TR2 form. A limited company is a separate legal entity and requires the following to keep its status: Have a company register, file reports of business with the Companies Registration Office each year, have one general meeting each year, have chartered accountants audit the company's books and lodge accounts with the Companies Registration Office. Step 5 Obtain a Health and Safety statement from the Hospital Accounting Services. Follow the agency's "Guidelines on Preparing Your Safety Statement" document, available on its website. This statement must be displayed. Step 6 Open a bank account. The bank will require a copy of the Certificate of Registration issued by the Companies Registration Office in order to open the account under the specific business name. Step 7 Consider obtaining insurance. It is not a legal requirement in Ireland to have insurance, but it is advisable. Step 8 Keep up to date with the Office of the Director of Corporate Enforcement regulations. There are seven booklets with guidelines available on their website (www.odce.ie) regarding regulations for limited companies. Step 9 Seek support from the County and City Enterprise Boards regarding grants, loans and financial assistance. |
||
