open a real estate agency in ireland
TRANSCRIPT
Open a Real Estate Agency in Ireland
A presentation brought to you by IrelandCompanyFormation.com
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Real Estate in Ireland
• A company set up as a real estate agency acts as an intermediary between the buyers interested in purchasing a property in Ireland and other entities (such as natural persons or legal entities), interested in selling or renting real estate properties.
• Such companies can provide their services to local or foreign persons who need to relocate in Ireland.
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Register an Irish Real Estate Company >>
• Businessmen interested in setting up a real estate agency will incorporate the company in accordance with the registration procedure available for other types of businesses.
• In order to register a real estate agency, the investor will have to choose a legal entity under which the company will carry its specific operations.
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>> Register an Irish Real Estate Company
• Foreign investors have numerous options in this sense, as the Companies Act 2014 restructured the legal statute of businesses set up here, providing a more flexible system.
• However, most of the businessmen in Ireland prefer to register the business as a private limited liability company.
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Requirements for Real Estate Companies >>
• The registration procedure is performed at the Companies Registration Office (CRO), the main institution which handles many aspects of the company formation process in Ireland.
• It is important to know that the business name of the company should be unique on the Irish territory and should respect several conditions imposed by the CRO.
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>> Requirements for Real Estate Companies
• Because the business is set up for commercial purposes, the investor will then have to register with the relevant authorities for taxation purposes and social contributions.
• Our team of Irish company formation representatives can offer an in-depth presentation on the requirements available for this business field.
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Real Estate Services in Ireland • Real estate agencies set up in
Ireland can offer two main types of services, for commercial properties and for residential properties.
• Commercial properties are usually bought or leased by local or foreign companies.
• The residential real estate is available only for natural persons seeking for an apartment or a house to live in.
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Real Estate Due Diligence in Ireland • When purchasing a property in
Ireland, it is highly recommended to perform real estate due diligence procedures.
• Such measures are not imposed under the Irish legislation, but they should be completed prior to signing a sale contract to discover any hidden flaws.
• Our team of Irish company incorporation agents can offer assistance in this process.
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Company Due Diligence in Ireland
• The due diligence procedures are also available for commercial properties available for sale in Ireland.
• Investors can perform the following:
financial due diligence;
commercial due diligence;
legal due diligence.
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Consultancy Services in Ireland • Our agents can assist with more
legal information on the registration requirements for a real estate company in Ireland.
• Our representatives can provide more details on the employment legislation and the regulations applicable to real estate agents in Ireland.
• Please contact our team of Irish company incorporation consultants for more details.
Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408 (for international clients)
[email protected] www.irelandcompanyformation.com
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