Shelf Company in Ireland

In order to invest in Ireland a foreign entrepreneur needs to consider his/her options. Forming a company may be a profitable way to invest, and this can be achieved by setting up a brand new company, or purchasing a shelf, or readymade company. The main difference consists in the time of incorporation. Incorporating a new company from scratch requires complex procedures and documentation whereas a readymade company is already incorporated in Ireland.

Purchasing shares of a company in Ireland requires notification of the Companies Registration Office. The process of share transfer is relatively similar to setting up a company in Ireland, however it requires less documentation and it can be used immediately. The new shareholders are required to provide the agreement of the foreign investor to purchase shares in the Irish company, extracts from the Trade Register if the buyer is a legal entity.

The Transfer Agreement of the shares needs to be notarized as well as the modifications in the company's Articles of Association, such as additional or different object of activity, company name, address and information on the shareholders or other.

It is advisable for a foreign entrepreneur to conduct a thorough documentation on the company to takeover, as the taxes, social security debts etc. are inherited upon share trade. Also the age of a company is an important factor as well as the company's structure, assets and commercial obligations.

Even though there are many things to be taken into consideration before purchasing shares of an Irish company, it can be a profitable activity, beginning with its immediate use.

BridgeWest is able to offer VAT-registered Irish shelf companies headquartered in Irish major cities per the requirements of the clients.