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Company Formation Ireland



Financing Options for Irish Start-Ups

Written by: Bridgewest

Financing-Options-for-Irish-Start-Ups.jpgIreland offers one of the most attractive business markets available at a European level. Businessmen who are interested in Irish company formation should know that if they operate in this country through a start-up business, they will be entitled to a set of financing options which can increase the possibility of developing a strong company. Our team of consultants in company formation in Ireland can offer advice on the registration requirements established by the Irish institutions

Competitive Start Fund in Ireland 

One of the main institutions which can offer financing options for Irish start-ups is Enterprise Ireland. The institution can grant up to EUR 50,000 for businesses which have the potential of developing on international markets, under the Competitive Start Fund
In order to apply for this funding scheme, the company should have maximum three years since the date it was registered. However, businessmen who want to open a company in Ireland and to apply for this grant should know that they must provide a 10% equity stake to their investors. Our team of company registration agents in Ireland can offer further information on this aspect. 

Innovation Grant in Ireland  

Another funding option when opening an Irish company is the Innovation Grant, provided by the Enterprise Board and Enterprise Ireland. Under this fund, investors can receive a funding representing 50% of the company’s costs (Value Added Tax not included), with the mention that the applicants will not be required to pay back the respective sum of money. 

Credit Guarantee Scheme in Ireland  

Entrepreneurs are also welcomed to apply for the Credit Guarantee Scheme, which is available for small and medium sized (SME) companies in Ireland. Through this funding, investors will benefit from a state guarantee when applying for a bank loan. The programme assumes that the applicants have already applied for a bank loan that was rejected, prior to submitting an application under this funding scheme
Businessmen are invited to contact our team of company formation specialists in Ireland for more details on the Irish funding options