Setting Up An Ireland Shelf Company - A Complete Guide

If you are interested in getting a business in Ireland established as soon as possible, the most suitable choice may be to use a shelf company. A shelf company is a private limited company that has been registered but has never traded in the past or has not engaged in any business activity. Purchasing a shelf company can be beneficial for an entrepreneur, as it enables them to start doing business in Ireland quickly and without dealing with the creation of a new legal entity and all the accompanying administrative procedures.

Advantages of Shelf Companies in Ireland

There are several advantages to purchasing an Ireland shelf company rather than going through the process of incorporating from scratch:

Time – To incorporate a new company in Ireland may take five to ten working days, whereas it is possible to acquire a shelf company within a few hours. This saves a lot of time in the initial stages of getting your operations started.

Company formation background – Irish shelf companies will be formed several years ago and may have a company track record. This can enhance their reliability on issues such as funding.

Ease of operation –You can mostly alter the name, director, articles of association and so on of a shelf company after acquisition to fit your own business requirements.

Reduced expenditure – While you can incorporate a shelf company from €3,000 to €4,000, you are relieved of legal and professional expenses that accompany the incorporation process.

Selecting the Right Shelf Company Service Provider

When selecting your shelf companies in Ireland you should engage the services of a formation agent or provider in Ireland. It is important to review the companies and their client reviews and choose one that has a flexible shelf company package. Also, ensure that they have a proper transfer process too to ensure all the laid down enactments are implemented effectively.

Employing the services of a knowledgeable company like Ireland LSC Partners will go a long way in helping you identify the right Irish shelf company and hence put you in the right footing for commercial success.