Settle In Ireland With Your Family As An Entrepreneur
As one of the world’s best-located and most welcoming economies, Ireland is the perfect destination for entrepreneurs wanting to settle abroad. The Ireland Startup Entrepreneur Program invites non-EEA entrepreneurs to setup their business and settle permanently in Ireland. With dynamic opportunities and a great standard of living, Ireland is perfect for entrepreneurs seeking global mobility.
Y-Axis can help you make the most of this opportunity with our dedicated, expert immigration support.
Details of Ireland Startup Entrepreneur Program
The Ireland Startup Entrepreneur Program enables entrepreneurs to apply and settle in Ireland. It has one of the lowest financial requirements and one of the most attractive options for entrepreneur immigrants. Under this program you can:
- Enjoy a low Investment requirement of €50,000.
- Settle with your family for 2 years which will be renewable for a further 3 years.
- After 5 years you will be eligible for long term residence in the State.
- Enjoy low corporate tax rate of 12.5% of active business.
- Have no need for initial job creation target for the first 2 years.
- Have no need for specific business management experience.
- Get access to healthcare and education benefits.
- Gain access to a high standard of life.
How Y-Axis Can Help You?
Y-Axis can help you evaluate your options and choose the course of action that is best for you. Our services include:
- Managing records of information for immigration
- Complete application processing
- Dealing with forms, records, and application filing
- Providing you immigration and process updates and follow up
- Support for relocation including assistance post landing in Ireland
How much does it cost to register a business in Ireland?
One of the below forms along with the fee for the registration of the business name in Ireland must be submitted to the CRO within 30 days of adopting the business name:
- For a body corporate: Form RBN1B
- For a partnership: Form RBN1A
- For an individual: Form RBN1
The registration fee is €40 for paper-filing and €20 for electronic filing.
How long does it take for a permit in Ireland?
The processing time of an application for a permit for Ireland can vary based on the complexity and type of application. The intended processing times for full permit applications filed for Ireland are as follows:
- Application for permit for business – 7 working days
- Application for visitor and other short-stay purposes – roughly 4 weeks
It’s advisable that applications for permits for long-term and short-term stays are filed 4 months before the travel date.
How do I set up a business in Ireland?
Below is the step-by-step process to set up a business in Ireland.
Company registration: You must first decide if you are registering as a company, partnership or sole trader. Registering as a sole trader implies that the business is wholly in your hands. You are the decision-maker and this option is good if you intend to trade as a small business.
Registering as a limited company or partnership is recommended if your innovation has much larger potential.
Registering business name: The name of the business must be registered with the CRO within 30 days of adopting it after the company has been registered.
Engage an accountant: You are more than likely of already having availed the professional services of an accountant if you used a tax agent. However, if you did it alone, then you must look for an Accountant immediately.
Get legal advice: Obviously, legal advice is a crucial aspect of trademarks and patents. You may have to get in touch with a specialist firm that takes care of the intellectual property.
Set an office space: It’s not necessary to own or rent an office space. It’s possible to do this however for a comparatively low cost if you are a start-up seeking to leave the isolation of a home office or relocate from the kitchen table.
Hire staff: You can register yourself as an employer after you have been offered a tax reference number and have registered your business. Then it’s time to research employers’ liability insurance, book-keepers, and payroll software. It will depend on the number of staff you intend to employ and how good you are at book-keeping.
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