Bank Account opening in Ireland
Open a corporate bank account for an Irish company. We assist international clients in opening corporate bank accounts with well-known banks in Ireland, Europe and worldwide.
Company bank account in Ireland
Apart from the need to receive and make local payments, there are a variety of options to open a company bank account.
Ireland is just a small country and only a few banks, namely AIB-Allied Irish Bank, National Irish Bank (Part of Danske Bank), HSBC, Bank of Ireland, Ulster Bank and Permanent TSB are available to open company bank accounts.
Company bank accounts can be openend in Euro or in foreign currencies. The Irish banking industry fully implemented the SEPA Euro payment standards. Business bank accounts in Ireland come with online banking, cheque book, pay by direct debit facility and - subject to bank policies - Credit Cards..
Company bank account opening options
| A local company bank account in Ireland is required for an Irish VAT registration. Being VAT registered is more or less mandatory to do business within the European Union now. |
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| Under certain circumstances, for example if the company does business abroad or expands to another country, it might be beneficial to open a company bank account abroad. |
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| EU company bank account: Opening a bank account in the European Union is a straight forward process for an Irish company and usually requires just a set of apostilled company documents. |
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| A variety of international bank account options is available in many different jurisdictions worldwide. However, the requirements and time frame to open such accounts may vary depending on bank chosen. |
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Futuramax's company bank account opening services
Should you decide to use Futuramax's account opening services here is a description of what we do and how we do it:
1. Recommendation: We analyse your business banking needs and point out which banks are suitable for your business.
2. Application: We liaise between you and the bank, prepare the required account application forms and pre-check all supporting documents you supplied.
3. Processing: We submit the original application forms, company documents, client identification etc. to the bank. Should a personal visit be required you have the choice of either joining a pre-arranged meeting with a senior bank officer or have us attending the meeting.
4. Account opened: Once the account was opened either the bank or we will advise the account number. At this stage the entire banking relationship is between yourself and the bank and only you or your designated account signatories have access to the bank account. Chequebooks, Credit Cards and Online Banking user names, passwords and encryption devices will be sent directly to your business address.
5. Time Frame: The process may take from just a few days until several weeks, depending on the bank chosen, where you and the bank are located (postal/courier delivery times!) and required documents.
Benefits of using Futuramax's account opening service
Opening an international bank account may be different to everything you know from your country. Banks are obliged to know their clients and due diligence procedures are strict. Most banks are very cautious in dealing with new clients and prefer clients being introduced by someone they know. Futuramax's corporate bank account opening service takes the hassle out of bank opening procedures.
* Being a business consultancy firm, we do not provide any sort of financial advice or nominee bank signatories. Residents / Nationals of Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Cuba, Colombia, Congo-Brazzaville, Iraq, Ivory Coast, Lebanon, Liberia, Myanmar, Nigeria, Rwanda, Sierra Leone, Somalia, Sudan, Uzbekistan and Zimbabwe cannot use our bank account opening services. Enquiries from these countries will not be responded to.
