
One of the best destinations for starting the procedure of
Irish company formation is
Galway, a city which experienced a rapid development in the last period. Its economy relies on business sectors such as tourism, manufacturing, healthcare, financial services and others. Considering that
Galway is a coastal city, its maritime sector also represents a solid business activity.
Foreign businessmen can also invest in the city’s agriculture sector or the ICT industry or in retail. Depending on the chosen business activity,
our team of consultants in company registration in Ireland can advise on the business permits necessary for a specific object of activity; investors can also request
assistance in choosing a company type when
investing in Galway.
What is the procedure for company formation in Ireland?
One of the ways in which
our team of specialists in company registration in Ireland can assist local and foreign investors refers to the registration procedure available for a local business.
Our consultants can provide information on the documents necessary for
opening a company in Ireland and can also assist with the registration requirements imposed by any of the competent authorities. When
opening a company in Galway, the following will apply:
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• choosing a business form – one of the most common ways to start a business in Galway, Ireland, is by opening a private company limited by shares, but investors also have the possibility of opening other corporate entities, partnerships or sole traders;
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• register a business name – the business name (or the trading name) registration is mandatory for all companies set up in Galway, Ireland, regardless of their business form;
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• register for corporate taxation – in order to be able to register for taxation in Ireland, which is done through the Irish Revenue, any new legal entity must own a company number issued by the Companies Registration Office (CRO);
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• opening a corporate bank account – this procedure is done after the company was incorporated and in order to be able to set up a bank account, the investors should provide the company’s statutory documents and to complete specific forms.
Obtaining business permits in Galway, Ireland
Most of the
businesses registered in Ireland need to obtain various business permits and licenses. Such documents can be requested for the premises in which the
company will carry its activities, for the
company’s object of activity and for other purposes. Such licenses need to be renewed in a given period of time and in most cases, the renewal will require the payment of a fee.
Licenses are required when dealing with the trade of alcoholic beverages or when entering gambling operations in this country. The issuance of the latter type of license includes an application made to the
Irish District Court, which, if approved, will be sent for further evaluation with the
Revenue Commission, the institution in charge with the issuance of the license.
Licenses are also needed when a
company is involved in
selling food products, but also when modifying the premises where the business will develop its activity, even for minor changes. When building a construction project for a
company in Galway, Ireland, construction permits will be required.
Can foreigners purchase ready-made companies in Galway?
Yes, both local and foreign investors are allowed to
purchase ready-made companies in Galway and
our team of consultants in Irish company formation can assist with advice on the legal procedure. The
advantage of a ready-made company is that it has already been incorporated and registered with the local institutions in
Galway, which means that the investors will have to complete only few steps in order for the
company to become operational.
Assistance in obtaining the services of a virtual office in Galway
Our consultants can also represent investors in selecting the
services of a virtual office in Galway, which is a cost convenient way to start a business here. If the
company has a limited number of business activities, that do not require renting or purchasing a large office, the virtual office can become the ideal solution, as it provides a credible corporate image.
A virtual office provides a wide range of services necessary in the business environment, which can help investors in maintaining a close contact with their business partners or clients (a registered office, phone answering services, fax and mail services, teleconference rooms and others). Investors are invited to
contact our team of specialists in company registration in Ireland for more information concerning other types of services we can provide when
starting a business in Galway.