Ireland company set up

International investors planning on setting up an Ireland company are able to tap into a range of incentives which encourage Ireland company set up. Ireland ranks amongst the most attractive in the world in terms of investment incentives available, according to the World Competitiveness Yearbook 2006 by the IMD, in part due to the generous support for companies investing in research and development (R&D). Some of the salient points of Ireland company set up are outlined below:
1.	Prior to the Ireland company set up, our client signs Healy Consultants engagement letter and returns the original to our Singapore head office.
2.	Healy Consultants receives the required corporate and personal due diligence information from our client.
3.	Healy Consultants provides our client with a detailed engagement plan for Ireland company set up, outlining a roadmap for the upcoming engagement, thereby minimising unwanted surprises and meeting client expectations.
4.	Our client confirms the Ireland corporate structure, including shareholders and directors. Only then will Healy Consultants proceed with Ireland company set up, see Ireland Company Registration procedures.
5.	Prior to Ireland company set up, Healy Consultants Incorporation Team performs a company name search with the Companies Registration Office (CRO) of Ireland and, if approved, we begin Ireland company set up.
6.	On behalf of our client, Healy Consultants visits the Commissioner for Oaths and swear (on the statutory form for incorporation) that the relevant provisions of the Irish Companies Acts have been complied with.
7.	Additionally, prior to Ireland company set up, Healy Consultants Incorporation Team emails the following to our client for signature and return to us i) Memorandum and Articles of association ii) list of directors, shareholders and company secretary iii) statement of authorised and issued share capital/consideration paid iv) statement of the main activity to be carried out and the address.
8.	Assuming our client emails the above signed documents to us in a timely manner (originals to follow by courier), Healy Consultants Incorporation Team submits the following documents to the CRO to complete Ireland company set up: i) Memorandum and Articles of association ii) list of directors, shareholders and company secretary iii) statement of authorised and issued share capital/consideration paid iv) notice of registered office v) companies Office Form A1.
9.	Healy Consultants’ Incorporation Team receives an email of the Certificate of Incorporation from the CRO. Our team will immediately email the same to you.
10.	On behalf of our client, Healy Consultants obtains a company seal following Ireland company set up.
11.	Following Ireland company set up, Healy Consultants Compliance Team prepares all post incorporation documents, including minutes of the first meeting, preparation of bylaws, assurance of initial share certificates.
12.	Upon receipt of original client signed corporate documents, Healy Consultants couriers a company kit folder (to our client’s preferred international address) containing the following corporate documents i) Original Certificate of Incorporation ii) original bound copy of the Memorandum and Articles of Association iii) original share certificates iv) Printout of the company’s details on from the CRO v) Client feedback form.
13.	Healy Consultants completes the opening a corporate bank account for our client to support Ireland company set up, including world-class multi-currency Internet banking facilities. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
14.	Healy Consultants assists our client with business website building, search engine advertising, as well as stationery and logo design to support Ireland company set up.
15.	To support Ireland company set up, Healy Consultants also provides our client with a local business address in Ireland for invoicing purposes, along with telephone, fax and email support.
16.	Healy Consultants will assist our client to obtain corporate finance, trade finance and to open merchant accounts to support Ireland company set up.
17.	Healy Consultants will aid our client to locate business premises and recruit local staff in Ireland to support Ireland company set up.
18.	Healy Consultants e-mails an Engagement Feedback Survey to our client following the completion of the Ireland company set up.
19.	Legal considerations to consider after Ireland company set up include any non-European Economic Area (EEA) national who intends to proceed with Ireland company set up and conduct business in Ireland must obtain business permission from the Minister for Justice, Equality and Law Reform.
20.	To support Ireland company set up, the R&D Capability Grant Scheme helps companies establish or substantially expand their existing R&D functions. The Industrial Development Agency (IDA Ireland) contributes to the capital costs of establishing an R&D unit, in addition to the current costs of running the unit for a defined period. Eligible costs include personnel; instruments, equipment, land and premises used for the research activity; consultancy and equipment services used exclusively for the research activity; additional overheads incurred directly as a result of the research activity; other operating expenses incurred directly as a result of the research activity; and feasibility studies and technology acquisition costs. Visit the IDA Ireland website for more information on how the R&D Capability Grant Scheme scheme can support Ireland company set up.
21.	The Innovation Partnership Initiative can provide financial support to encourage Ireland company set up. Under this initiative, Ireland-incorporated companies can undertake collaborative projects with Irish Universities and Institutes of Technology. All manufacturing, processing and research companies involved in science, engineering, technology and internationally tradable goods and services and with an operating base in the Irish Republic are eligible to participate. Collaboration with Irish third-level institutions is also a required criterion.
22.	Ireland company set up is also supported by the European Union’s Framework Programme. Following Ireland company incorporation, this programme offers companies the opportunity to collaborate with leading European research corporations and research organisations. Please follow this link for more information on how the EU Framework Programme can support Ireland company set up.
23.	Further support for Ireland company set up is offered in the Research Technology & Innovation (RTI) scheme. This scheme is aimed at organisations planning to undertake their first R&D projects or significantly develop their existing R&D activities. Following Ireland company set up, this scheme can provide funding support of up to 650,000 Euros (US$1 million). Visit the Enterprise Ireland website for more information on how the RTI scheme can support Ireland company set up.
Contact Us
For more information on Ireland company set up, email email@healyconsultants.com or telephone us in Singapore at (+65) 6735 0120.
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Buy the Ireland chapter of Healy Consultants' Asia Business Set Up book for US$100, to order call +65 6735 0120 or e-mail email@healyconsultants.com