Successful Case Study of Ireland Company Setup

Successful Case Study of Ireland Company Setup

Tetra Consultants assisted a renowned German automotive company in navigating the complexities of entering the Irish market. By focusing on consumer preferences, conducting a thorough competition analysis, understanding regulatory requirements, and identifying optimal distribution channels, Tetra Consultants provided comprehensive support throughout the process. This included helping to register company in Ireland, ensuring full compliance with local laws and regulations. They facilitated market entry by leveraging their deep expertise and local knowledge, ultimately enabling the company to establish a robust presence in Ireland. Tetra Consultants’ strategic guidance ensured a seamless registration process and successful market integration, positioning the company for long-term success in the competitive Irish automotive industry. 

Tetra Consultants began by advising the German automotive company on the optimal business structure, deciding on a Multinational Enterprise (MNE) due to its alignment with the company’s global strategy. Leveraging the support of the Irish government and agencies like the Industrial Development Agency (IDA), which actively attract and retain foreign direct investment (FDI) from MNEs, Tetra Consultants ensured a strategic entry into the Irish market. Following this, they secured name reservation for the company, meticulously checking that the proposed name was unique and not similar to existing organizations. This step was crucial for establishing a distinct corporate identity. 

Once we complied with the name reservation requirements, we proceeded with the adherence to the following rules and regulations: 

• Register the company with the Companies Registration Office (CRO) 
• A minimum of one director is required, with at least one director being a resident of an EEA member country 
• If all directors are non-EEA residents, a bond must be obtained, renewable every two years until an EEA resident director is appointed 
• Companies are typically capitalized with 100 issued shares of €1 each 
• At least one shareholder is required, without residency requirements 

Tetra Consultants assisted the client in adhering to all these requirements, including providing nominee director and shareholder services.  

After complying with the regulatory requirements, we proceeded to fulfill the documentation requirements. Simultaneously, Tetra Consultants arranged an official registered address for our client, which was then submitted to the registrar. We meticulously gathered and prepared all necessary documents, including the Memorandum and Articles of Association, details of directors and shareholders, and proof of the registered address. Once all documentation was in order, we submitted everything to the Irish Companies Registration Office (CRO). 

Once our experts registered the company with the tax authorities, we proceeded with corporate bank account opening. Tetra Consultants facilitated this process, ensuring our clients received a business bank account within 4 weeks after incorporation. We liaised with Permanent TSB and Allied Irish Banks prepared all necessary documentation, and guided our clients through the compliance requirements. This seamless process provided our clients with a fully operational business bank account, enabling them to manage their financial transactions efficiently and focus on their core business activities in Ireland. 

Thus, Tetra Consultants successfully facilitated the entry of a German automotive company into the Irish market by providing end-to-end services. We completed the company registration process within 2 weeks, ensuring compliance with all regulatory and documentation requirements. Following this, we opened a corporate bank account for the client, achieving this milestone within 4 weeks post-incorporation. Thus, in a total of 6 weeks, we delivered a fully operational company with a functioning bank account. Our comprehensive support allowed the client to focus on their core business activities, confident in their compliance and operational readiness in Ireland. 

Contact us to know more about how you can register company in Ireland and our team will revert back in 24 hours.