set up a laundry business in ireland
TRANSCRIPT
A presentation brought to you by IrelandCompanyFormation.com
Set up a Laundry Business in Ireland
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Start a Laundry Company in Ireland
• Businessmen who want to start a small company in Ireland can open a laundry business.
• It can be a profitable business, as the services provided by the laundry company can be suitable for different types of clients, such as natural persons or legal entities.
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Customers of a Laundry Business in Ireland
• The main customers of a laundry establishment are represented by Irish citizens, as well as foreigners travelling for a determined period of time in Ireland.
• The customers of a laundry business can also be other companies, mainly represented by accommodation units and other similar settlements (such as bars, pubs or restaurants).
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3
Register a Laundry Company in Ireland
• The procedure related to company formation in Ireland respects the registration requirements available for other companies incorporated here.
• According to the investors’ business plans, but also to the capital available for the respective company, the businessmen will have to choose a legal entity.
4
Types of Companies in Ireland
• As a general rule, most of the companies incorporated in Ireland are set up as limited liability companies, but investors have other options as well, prescribed under the Companies Act 2014.
• Foreign investors can also set up sole traders or partnerships.
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VAT Registration in Ireland
• It is important to know that laundry companies are imposed with a Value Added Tax (VAT), which is generally applied at the standard rate (23%).
• However, under specific circumstances, the company may be imposed with the reduced VAT rate (13,5% or 9%) available in Ireland.
• Our team of Irish company formation agents can offer in-depth information on the VAT registration.
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Laundry Services in Ireland• Those who are interested in
company registration in Ireland under the form of a laundry business must know that, in general, such companies provide the following types of laundry services:
bed linen;
table linen;
kitchen linen;
washing/dry-cleaning for clothing items.
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Laundry Regulations in Ireland• A laundry in Ireland must respect
several regulations related to the location where the laundry services are provided.
• It must have specific tools and the floors and the walls should be tiled. It should contain automatic washing machines, dryers, ironing boards and other related objects.
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Business Permits in Ireland
• Companies operating in Ireland are required to obtain special business permits and licenses, which are issued by relevant authorities, in accordance with the company’s main activities.
• A laundry business will need to receive approval on its place of business, as well as on the equipment used in the premises.
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Consultancy Services in Ireland• Foreign businessmen are invited to
receive further details related to a laundry business in Ireland, such as on the regulations related to the employees of the company.
• Our specialists can offer assistance on how to register with the Pay As You Earn system.
• Please contact our team of company formation consultants in Ireland for more information.
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Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.irelandcompanyformation.com 11