Verification of a company in Ireland
Foreign entrepreneurs doing business with an Irish company want to make sure the corporation they’re about to have as partner is trustworthy. In these situations it is highly recommended to perform a company due diligence procedure. The process was designed to verify a company from several points of view. In Ireland, these procedures are often employed in mergers and acquisitions where the stakes are very high. Company due diligence depends on various aspects that need to be checked, which is why foreign investors usually appeal to the services of professionals for these types of procedures.
Our specialists in company formation in Ireland have performed numerous due diligence procedures and can run a comprehensive analysis upon the company you are interested in.
Types of company due diligence procedures in Ireland
There are several ways of verifying an Irish company. The most popular company due diligence proceedings in Ireland are:
- – financial due diligence;
- – commercial due diligence;
- – legal due diligence.
Due diligence procedures can be performed by the interested party by doing several inquiries with the Irish Companies Register Office where most information can be found, or it can be performed by specialists who can also verify other aspects related to company the client is about to go into business with.
Due diligence procedures should start after the two parties involved in the sale of a company have agreed upon the sale price and terms of sale. The accountants and lawyers involved in a due diligence procedure can perform this action for a period of a few weeks (customarily, less than one month), in accordance with the type of due diligence you are interested in.
If you are interested in checking the financial situation of a business partner, the procedure can last for a short period of time, as most of the data you might be interested in is available at the Irish CRO. Our Irish company formation agents can perform a company due diligence procedure for you.
Which type of company due diligence to choose in Ireland?
Our agents in Ireland will provide clients with personalized services and company due diligence is one of those services that can be tailored to our customers’ needs. Depending on the business relations, each type of procedure addresses a certain aspect.
Financial due diligence on a company has the main purpose of verifying the actual financial situation of the business by taking into account if any debts or liabilities exist. The procedure also implies verifying an Irish company’s accounts and records.
Commercial due diligence, on the other hand, will concentrate on marketing issues and checking a company’s compatibility with the client’s needs.
At last, legal due diligence will be conducted in order to make sure that the company about to go into business with is not involved in any litigation that can harm a potential collaboration.
No matter the type of company due diligence services you need, you can contact our consultants in Ireland for a personalized offer.