Those who are interested in setting up a retail business in Ireland can do so if they follow the steps prescribed for the registration of any other type of company. It is important to know that the Irish legislation prescribes that companies with less than 10 employees can receive business support from the Local Enterprise Office. When establishing a retail business in Ireland is it crucial to choose a legal entity which is representative for the investor’s business plans. Our team of Ireland company formation specialists can provide assistance to foreign or local entrepreneurs on the registration process.
Register a retail business in Ireland
The process of incorporation of a new company is performed in accordance with the provisions of the Companies Act 2014. The Act brought major changes to the structure of the legal entities set up here, amongst many other provisions.
The registration process starts with choosing a trading name for the company and its registration at the Companies Registration Office (CRO). The investor will be required to register at the Irish CRO the legal entity under which the company will function.
It is important to know that investors can choose to incorporate the company under the following legal entities:
• sole trader;
• limited company.
Under the rules and regulations of the Companies Act 2014, limited companies are required to incorporate as a private company limited by shares or as designated activity company; our team of Ireland company formation agents can offer an in-depth presentation on the new legal entities.
The company will have to be registered for tax purposes, but also to open a corporate bank account, in which the investors will deposit the minimum share capital.
Retail legislation in Ireland
Businesses in Ireland with operations in the field of retail are regulated by the Competition and Consumer Protection Commission. In accordance with the specific activities of the business, the company will have to obtain special permits, issued by designated institutions. For example, retailers selling tobacco will need a business license from the Office of Tobacco Control.
Persons who need further information on the retail businesses in Ireland can address to our team of Irish company formation consultants.