Irish company set up
Upon request, we can set up an Irish limited company for you to use as a holding company for your boat or yacht. Because of the Brexit, Ireland has become the cheapest and most suitable country to set up a limited liability company to be used for the registration of your boat.
We will set up a “dormant” company for you to register your yacht. A dormant company is a dormant company that has no commercial or economic activities. As a result, it has very limited formal obligations.
If you want a cheaper alternative, we can set up the UK BV for you until the end of this year (until the end of 2020, due to the Brexit).
Advantages of an Irish limited liability company
- Suitable for all European boat registrations
- Your business is set up within 2 days
- Affordable annual fees
- The company is inactive, leaving you with minimal liabilities
- You are the sole beneficiary of the company
- BlueWater Registration Services handles all necessary paperwork such as the annually required tax return
How does it work?
Do you need an Irish BV because you do not have a European passport and want registration in one of the EU countries? BlueWater Registration Services provides its services to clients from all over the world. Our registration service handles the entire registration in English. You only need to follow a few simple steps in our online registration process. Once we receive the required documents, we will forward your information to the authorities and set up your Irish BV within 2 days. Upon completion, the registration information will be sent to you via Express Shipping.
I do not have a European passport
If you want an Irish BV without a European passport, there are several options:
- We nominate an EU resident as a director, this is arranged through our Irish partner company. There is an additional charge for this.
- You nominate a family member, friend or acquaintance with an EU passport as director. There is no additional charge for this.
All obligations related to filling out documents and making sure your company is known as trustworthy will be taken care of for you. Of course, you are also allowed to take care of this yourself. You can choose this during the online registration process.
I have a European passport
If you have a European passport, you can act as a director yourself or you can nominate an EU/EEA resident of your choice as a director.
How much does an Irish BV cost?
Possess an EU/EEA passport
If the owner of the yacht has an EU/EEA passport and can himself act as the director/shareholder or can nominate an EU/EEA resident as director, the registration fee is €750. The annual fee is € 850.
Not holding an EU/EEA passport
In this case, our local Irish partner will nominate an EU resident as a director of your company, of which you will be a 100% shareholder. This service requires more paperwork, responsibility and time. The registration fee is €1350 and the annual fee is €1450.
These prices include:
- Processing your request
- Setting up the Irish BV and all associated costs
- Correspondence with Irish authorities
- Registration documents
- Irish taxes and surcharges
- Current and future enterprise bonuses
- Mandatory Irish address and representation
- Shipping costs via courier
What documents are required for an Irish limited liability company?
During the online registration of a UK limited company, we require the following documents from you:
- Identification of all shareholders
- Evidence of the addresses of all shareholders
- Identification of all directors
- Evidence of the addresses of all directors
Note: All documents must be written in English. If the documents are not in English, a translation of these documents must be provided. This can be done by you, the yacht owner or a formal translator.
Reliable company with verified references
We are an experienced company specializing in boat registrations and have been doing so for more than 10 years. We help people all over the world. If you still have such doubts, please read our reviews from satisfied customers around the world. You can read their own experiences with our company at the bottom of this page (verified references by TrustPilot).
Frequently asked questions about Irish limited partnership
What extra services does BlueWater Registration Services offer?
BlueWater Registration Services handles:
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Company setup for non-EU owners
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Certified translations and legalizations
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MMSI applications
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Document checks to avoid delays
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Delivery of official certificates worldwide
This saves time and ensures a smooth, compliant registration.
Are there any restrictions as to who can act as a company director?
Yes, there are a few restrictions as follows:
Another company.
An undischarged bankrupt.
The company’s auditor.
A person specifically barred by the Courts.
A person who has been convicted on indictment of any indictable offence in relation to a company, or any indictable offence involving fraud or dishonesty, is automatically disqualified for five years (or for such period as the court may order) from being appointed as a director or from being concerned in any way in the promotion, management or formation of any company.
If the proposed Director already holds 25 directorships.
I am an EEA resident, can i set up a company in Ireland acting as sole director?
Yes. You can set up an Irish limited company with a single director who is a resident of EU/EEA. However, by law, you are required to appoint a Company Secretary to take care of your filings to the Companies Registration Office and the Revenue Commissioners, as well as deal with day to day business, needs as they arise.
Are there any restrictions to the selection of an Irish company name?
As a general guide, the Companies Registration Office will refuse registration of a company name if it breaches the following guidelines:-
It is offensive.
It suggests state sponsorship.
It causes phonetically and/or visually similar names.
Names containing certain words cannot be used unless written approval is received from certain bodies, examples include:-
Words such as “bank”, “banc”, “banker” and “banking” must be approved by the Central Bank of Ireland. This includes names containing these words such as “Sallybank”, even through the business does not intend operating in the banking sector.
Words such as “insurance”, “re-insurance” and “assurance” must be approved by the Irish Financial Services Regulatory Authority.
Words such as “society”, “co-op” and “co-operative” must be approved by the Registrar of Friendly Societies.
Words such as “University” and “Institute of Technology” must be approved by the Department of Education.
“Holding”, “group”, “system”, “services”, “international”, etc. may not be regarded as a sufficient distinction between company names.
Can i register an Irish Limited company if i am not an Irish resident?
You do not need to be a resident in Ireland. However, you must meet several other conditions including:
-You must be over 18 years and older
-You must never have been declared bankrupt
-You will require a registered office address in Ireland
How many shares can a company have?
A private limited company must have a minimum of 1 shareholder and is subject to a limit of 99 shareholders.
Can i be a director of a Irish Limited company if i hold a NON EU passport?
No, a director of a Irish company always has to hold a EU passport. But we offer a nominee director service for our NON EU clients so also our NON EU clients can open a Irish Limited company without any problem.
The documents you need to present when opening a Irish bank account are likely to include:
Two forms of ID, including a photo form such as a passport, for the individual opening the account.
A valid bank mandate form, confirming that you have the authority to open an account on behalf of the business.
Signature samples for anyone with authority to use the account.
Constitution, and Certificate of Incorporation –for limited company only.
Evidence of Partnership – if you are applying as such.
Certificate of Business Name – if applicable.
If you are a new customer, you may need to provide evidence of your banking history (recent statements) to prove you are reliable and a good risk.
Opening deposit.In some cases, you will need to bring original documents to the branch to open the account, in others, copies will be accepted.
What is the process for opening a business bank account in Ireland?
Exactly what documents you need to open a business bank account in Ireland will depend on the type of account you choose. If you are a partnership, you will need to provide documents relating to all beneficial owners or those with a 25% share (or more). If you are a limited company, you need a mandate form signed by all directors to confirm they agree to the opening of the account.
We would like to get an EU resident nominee director. Are you able to offer this solution?
Yes, we do. We have several professional Irish and EU/EEA resident vetted directors who could be integrated into any type of corporate structure you are planning to set up. You could add this service to your cart after you have purchased our non-resident package
Do dormant companies need to file accounts?
Yes, all Irish Limited companies (dormant or trading) must prepare and submit accounts to the Companies Registration Office on an annual basis, regardless of the company’s trading activities.
I live overseas, do you provide a mail forwarding service?
Yes. we will forward all your mail to your chosen correspondence address, globally. The cost will be the An Post fee plus a 15% handling fee.
What is the role of a company secretary?
A company secretary advises the company and looks after compliance and corporate governance matters. They are responsible for filing the company’s annual returns and filing taxes among other administrative functions. In a company with multiple directors, one of the directors can act as a company secretary. If the company is a single-director company, a separate Company Secretary is required by law. Irish Company offers a professional and affordable Company Secretary Service
What is a registered office address?
A registered address is the official address of an Irish limited company where all official government correspondence is being posted to. The registered office address must be a physical address in Ireland. Your company, however, does not need to carry out its business or trade activities from this address. If you do not have a suitable Irish address to use as your registered office, the Non-Residents Package includes a registered office address in Ireland.
Is the UK or Irish Limited company 100% in my ownership?
Yes! You will be the sole shareholder and director of the company. In Ireland a director needs to be a EU citizen. In that case you can appoint a friend or family to be a director in your case. In the case you do not have a friend or family who can be the statutory director we can request our Irish partner company to appoint a director in your place. This is possible at additional costs. But this does not change your company’s ownership in any way!