Bank account opening assistance in Ireland

With its favorable conditions for account management and deposit growth, Ireland presently is one of the most significant and promising players in Europe and in the world. Its banking system is very attractive for international business. Not being an offshore, Ireland’s tax system and significant advantages in distributing deposit interest allow it to outshine many well-known classic offshore zones of the world.

It is quite easy for both individuals and corporations to open a bank account in Ireland in a single day. The required documents for opening differ according to the requirements of each bank.

How to Open a Business Bank Account in Ireland

Opening a business bank account is a significant step that every entrepreneur wishes to start or expand his business in Ireland. Ireland is a conducive location to do business, owing to its stable economy, friendly tax policy, and strategic location in Europe. This article will outline the process of opening a business account in Ireland.

The setup of the business account is crucial and should be carefully prepared in advance, taking into consideration local legal requirements. Such a decision is very important because your choice of bank must not only answer the financial needs of your business but also provide the support needed for its further growth and development. With the right approach and preparation, opening the account will be swift and smooth, thus giving your business a good and stable start in Ireland.

Leading Banks in Ireland

ACC Bank adheres to strict policies related to confidentiality, and it may take around three months for the bank account opening process. It facilitates banking to the local people as well as businesses belonging to that particular area.

AIB Group

AIB Group facilitates the people of Ireland with an opening facility of all kinds of accounts. It is highly renowned among the Irish due to attractive rates related to mortgages as well as personal loans. Furthermore, AIB Group facilitates their customers with remote banking through its online banking facility.

Bank of Ireland offers virtually the same service level to residents and non-residents. Due to its more customer-oriented approach, it is one of the favorite banks for relocating people in Ireland.

Banking 365 Online is purely an online bank. Its main activity is pioneering online Internet banking.

Some aspects, which are to be addressed in the process of opening an account:

• Banking service and transaction costs
• Other fees from the bank – certification of documents, Apostille
• Features connected with the account, for example, value-added services.
• The possibility of transaction processing in various currencies.

Ireland is one of the most attractive countries for foreigners who want to open a company. In Ireland, a bank account can be opened by individuals, entrepreneurs, and representatives of companies. Our lawyers and authorized agents will process all the procedures.

With vast knowledge and experience in banking and international law, our experts at Regulated United Europe efficiently make efforts with very limited chances of rejections by Irish banks.

If you plan to open a business bank account in Ireland, our team will be glad to assist you through the process. Our eight years of experience in assisting our clients with bank account opening in Europe are based on the use of our extensive network of reliable partners in the European financial industry to ensure the best cost-effective solutions to develop further the operations of our clients’ businesses.

Open a Bank Account in Ireland for Individuals and Legal Entities

The banking system of Ireland is famous for having the lowest rates in comparison with financial institutions in Europe. It will not be hard for a non-resident to open a bank account in Ireland – this is why this Western European country is popular when it comes to registering international business. Not being an offshore zone, Ireland’s tax schemes are characterized by zero rates. Also, the details of the law provide for cases of reduction of the income tax to 10% of the sum.

Both natural persons and legal ones may open an account in the Bank of Ireland. Because of the possibility to increase the capital very fast due to small taxes, with the creation of high level of competitiveness, Ireland is a proper place to give additional financial impetus for systemic development.

Ireland opens a personal bank account in local financial institutions mainly for residents. The exceptions are wealthy private clients with large amounts of deposits. The procedure for the registration of residents and non-residents in local banks differs in number only. More documents are needed for registering the first.

Offshore in Ireland

There are special economic territories that can be called offshore in the state – Shannon and the Dublin Financial Services Center. Till the beginning of the XXI century, zero taxation of foreign corporations was a feature of the jurisdiction of these territories and developed the attractiveness of the country for global investors as a result hundreds of large corporations were registered here. Nowadays, the stated above law was repealed; nevertheless, at a very low fee for deposits within 12.5%, Ireland is one of the most profitable countries for capital investment.

It is worth noting that, in order to use an offshore account here, bank managers need to send an annual financial report to the company. Thus, the leadership of this country avoids the possibility of cooperation with prohibited types of business (in the global sense).

How to open a bank account?

It is not necessary that only Irish citizens can create bank accounts. Non-resident individuals and legal entities are also entitled to create an account with a financial institution.

About this individual, you need:

• confirmation of the address in the applicant country;
• proof of address in Ireland;
• statement confirming the financial situation from another banking institution – if there are other active accounts;
• a copy of your passport.

Our specialists will be happy to provide more detailed information on the requirements regarding the opening of a bank account by non-residents.

When performing the procedure, the following should be taken into account:

• banking service and operation fees;
• bank tariffs, for example, for document certification, Apostille, etc.;
• services connected with the account;
• operations can be performed in other currencies.

Ireland is rated among the most favorable countries to start a business for foreigners. Non-residents of Ireland-meaning individuals, entrepreneurs, and representatives of companies-can open bank accounts. All actions are performed by our lawyers and affiliated power of attorney agents.

With the help of our specialists, you will be able to achieve the desired result in the shortest possible time. The high qualifications and experience in banking and international law enable us to minimize the quantity of refusals from Irish banks.

If you would like to set up a business bank account in Ireland, our team here at Regulated United Europe will be happy to assist. We draw on eight years of experience opening bank accounts for our clients in Europe. Tapping into this extensive network of tried and tested contacts in the European financial services industry, we put into practice cost-effective solutions that enhance the functioning of the businesses we serve.

Ireland Business Bank Account

Opening a corporate bank account in Ireland is one of the most crucial steps for an international company desirous of conducting effective financial management in the country, which boasts of a developed economy coupled with a favorable business climate. We will look at the benefits and key steps involved in opening a corporate bank account in Ireland.

Advantages of Opening a Corporate Bank Account in Ireland

• Favorable Business Climate: Ireland has a favorable business climate, hence it is always targeting international investment and corporate accounts alike.
• Access to International Markets: Opening a corporate account in Ireland helps one access the international financial markets and various international investment opportunities.
• Flexible Financial Services: The range of various financial services provided includes lending, investments, asset management, and trading.
• High Service Level: The clients of Ireland receive high-class service, tailored financial solutions corresponding to each client’s needs and goals.

Stages of Opening a Corporate Bank Account in Ireland

Opening a corporate bank account in Ireland would provide companies with access to a great deal of financial services and investment opportunities available within one of Europe’s most vigorous economies. Aside from reputation, each bank is unique regarding the conditions of service and the scope of services. Therefore, while choosing your bank, be certain that it will fit exactly what your business will need.

Personal Bank Account in Ireland

Opening a personal bank account in Ireland is important for those seeking a safe place where convenience in the management of finances is required. This article considers the advantages that come with opening a personal bank account in Ireland and the key steps involved. Let’s take a look at the benefits and the key steps taken in opening a personal bank account in Ireland.

Benefits of Opening a Personal Bank Account in Ireland

• Safety and Security: Ireland’s banking system is aimed at keeping the precise level of security through safeguarding your money and information.
• Easy to Operate: All services are provided by the banks with the access convenience of online platforms to the accounts.
• Variably Available Options: One may select the account type based on one’s requirements, whether a current account, savings account, or international transaction account.
• Innovative Technology: Banks operating in Ireland actively use innovative technology so that you have access to the latest financial tools and services.

Step-by-Step Operations to Be Followed for Opening a Personal Bank Account in Ireland

A reason for opening a personal bank account in Ireland is that doing so will be an effective way of financial management, because it guarantees security, convenience, and easy access to a wide range of banking services. The type of service offered, reputation of the bank, and the terms of service will be crucial in choosing the most viable one to suit your needs.