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How to open a corporate account in Ireland

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Corporate account opening in Ireland in 2020

Benefits of opening a bank account in Ireland:

  • One of the most prestigious and popular jurisdictions;
  •  A clear and structured banking system;
  • The ability to procces with transactions almost anywhere in the world;
  • The ability to coordinate with a personal bank manager.
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Having decided to start an entrepreneurship in Ireland, do not forget about the most important point, namely opening a corporate account in Irish banks.

This material has been prepared to inform you about some particular qualities of this procedure.

What information do you need to have in order to open a corporate account for Irish companies?

Entrepreneurs, who want to issue an account with a bank in Ireland, need to know, that for this they need to register the Irish business. The director of this company must be a resident, the firm must have a local, registered office.

Read also:
Banks of Ireland may levy local companies with fees such as:
  • a commission for opening a bank account in Ireland;
  • for maintaining an account;
  • the collection of an administrative fee, if any;
  • a commission for financial operations (transfer/receipt of funds);
  • for liquidation of the account.
Documents required to issue an account with Iris banks:
  • copies of passports of directors, sharers;
  • the copy of the Charter;
  • a copy of the Certificate;
  • completed bank forms;
  • copies of signatures of directors.

IMPORTANT! In order to open an LP account in Ireland, you need a physical presence of a resident director at the selected bank. This is necessary for an interview.

An additional data

Planning to issue an account with the bank of Ireland, you should have an extensive description of the company. This document does not have to be large, just one page, A4 format will be enough.

A help of lawyers

For entrepreneurs, who plan to register an Irish company, we recommend to contact us for a personalized option for you.

Also, IQD Consulting team will provide accompanying services in registering the account for the Irish LP in banks of other jurisdictions.

  • The information outlined in the article is actual at the time of its publication.
  • Please refer to our specialists for checking possible solutions for your business.
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