How Long Have You Been Operating?
Euro Company Formations was established in 2008 as a joint venture between a leading Irish Company Formation Practice, and a leading European Company Formation and Corporate Service provider. Between our companies we have a combined 23 years experience in business, whilst our Directors have a combined 70 years experience in the company formation and corporate service business.
Can I Have A Company That Has One Person Only?
Yes you can. In most cases this is acceptable. There are exceptions whereby if you have only one shareholder then either the amount of share capital to be paid is increased as the liability increases. In some cases, if one director is named on the company then this has to be declared as part of the main corporate name. Some jurisdictions such as Ireland require a minimum of two directors, however we can provide a non-executive director should you require one.
What Documents Will I Be Required To Provide?
We will require a certified copy of your passport and two original documents that prove residential address that are less than 3 months old - i.e. utility bill - Gas, electricity, telephone (not cell phone), water or bank statement. Some countries may require a Bank Statement or a reference from your bank. (We will verify this on your application) These documents are required under EU ant-money laundering legislation.
Why Do Companies In Europe Have Such High Share Capital?
The reason why many European companies have such high share capital is to show a commitment to the authorities in that country that they are serious about setting up in business. However you can incorporate a company in some European countries with just 1 euro share capital (e.g. Ireland)
What Documents Will I Be Required To Sign?
This differs from country to country but in most cases you will be required to sign individual countries registration documents and bank application forms.
Can You Provide Nominee Services?
Yes, we can provide full nominee services for company officials and shareholders.
Are There Any Additional Costs?
No, unless you require an additional service over and above the standard incorporation.
Can I Have A Branch Of My Company?
Yes, provided that you produce full details of your company including the required certified documents. We can act as your registered agent & compliance officer and provide you with a branch address.
Why Do I Need To Obtain An EU VAT Number?
This may be required to import goods into the EU and to trade in the EU. Please note the company may have to prove trading activity in the country in question to secure a VAT Number. Some countries have a VAT registration threshold, whereby you must register if your turnover exceeds a certain amount.
What Banks Do You Use?
We deal with a number of different banks across Europe, so it depends on the country in question. We only deal with major international banks or major banks in the country in which we incorporate your company.
Why Do I Have To Have A Virtual Office / Physical Office?
This is to demonstrate to the tax authorities in the country in which you are setting up that there is a genuine trading business in their country. Some countries have measures against so called 'brass plate' companies. Please note that this is also required for an EU VAT number.
Why Does Company Formation Take Longer In Europe?
This is due to the fact that companies are not formed online in Europe except in the UK and Denmark. Some countries such as Germany require that the bank account is open and share capital is paid up before the company is incorporated. Many countries in Europe require the signature of incorporation documents to be witnessed by a Notary. Please note Euro Company Formations can supply Readymade Companies in many European jurisdictions.
Do I Have To Pay Renewal Fees Each Year?
This depends upon the jurisdiction in which you form your company. Most countries do not require renewal of services. Please ask for further information regarding this when you send us your enquiry.
Can You Arrange Accountancy If I Need It?
Yes, we provide accountancy, taxation, payroll and bookkeeping services in all the countries we cover. This applies to legal and office services as well.
Why Do I Need To Provide Proof Of Who I Am?
This is due to EU money laundering requirements that we must adhere to. Banks are subject to the same requirements.
How Will My Company Pay Its Tax?
We can provide local accountants who will undertake this service on your behalf and fulfill all tax and accounting requirements for you.
Will I Be Able To Set Up An Irish Or European Company As A Non EU Resident?
Yes, all countries in Europe allow none EU residents to expand their business into Europe. However you may require a visa to be employed by your company, and there may be other requirements, depending on the jurisdiction.
Can I Use The Company Share Capital Once The Company Has Been Incorporated?
Yes, in most countries this can be used once the company has been incorporated. However, please note that the funds are blocked until the company has been incorporated.