Ireland has positioned itself as a top financial services provider in Europe. As such, it is an ideal choice international companies that require an EU business bank account for purposes of accepting Euro payments and transacting with business associates within Europe. However, international companies are required to incorporate their companies in Ireland prior to opening business bank accounts. Once your Irish company is fully incorporated the next step is opening a business bank account. Though traditionally, business partners and owners were required to be physically present during the business bank account opening, the internet of things has made remote bank account opening possible. Once you have the Ireland company incorporation certificate, you can open a business bank account online without worrying about visiting Ireland immediately.
How Does Remote Bank Account Opening Work?
A number of Irish banks allow foreign investors to open business bank accounts online. However, the investors are required to book an appointment with the bank and make a physical appearance at a later date when they are in Ireland. Remote business bank account opening in Ireland starts with the downloading an account application form from your preferred bank’s website or requesting a form from the bank that is forward to you mainly via email. Fill in the business bank account application form, and mail it back to the bank. Remember to attach the required supporting documents such as; proof of address documentation, company incorporation certification and photo ID copies of core company shareholders and partners. Note that, photo ID copies and submitted proof of address must be duly certified. This requires signing and stamped by a notary public, chartered accountant, commissioner for oaths, embassy officials, and practicing solicitors. The person responsible for document certification must; confirm that the documents are unaltered copies of the original, indicate their contact information, designation and names clearly in caps and sign, stamp and date the document.
Working With Ireland Company Formation Service Providers
It is paramount for foreign investors to work with Ireland based company formation service providers not only during the company formation stage but also during the business bank account opening stage. In this case, the service providers will diligently help you choose the right bank for you based on your banking needs as well as make a business bank account application on your behalf. However, based on the company structure and bank policies, at least one company director is required to visit the bank after the application has been filled in order to finalize the business bank account set up. The advantage of working with company formation experts in Ireland is that they will guide you through the online business bank account opening, prepare the required documentation for you and file the business bank account application on your behalf as you continue with your daily duties in your home country.
