How to start a Business

How to start a business in Kilkenny

If you are thinking about starting a business in Kilkenny there are a number of things you will need to consider. There are supports available and different regulations depending on your situation.

Are you legally entitled to start a business in Kilkenny?

Nationals of the European Economic Area (EEA) or Switzerland do not need permission to set up a business in Ireland. If you are a non-EU/EEA and non-Swiss national and you wish to open a business or invest in the State, you may apply for permission under the Immigration Investor Programme and Start Up Entrepreneur Programme. You can find out more from the Citizens Information document on coming to set up a business or invest in Ireland.

Who can help?

Kilkenny Local Enterprise Office provides support to local businesses that are starting up or developing here in Kilkenny. Their role is to help stimulate the establishment, development and growth of small business. To find out about how they can help or upcoming events and courses, you can visit their website here.

Legal structures of businesses in Ireland

You can set up a business as a sole trader, as a partnership or as a limited company. The type of structure you choose depends on the kind of business you are running, with whom you will be doing business and your attitude to risk. It is advisable to get the advice of a solicitor or accountant when considering the structure for your business. The Companies Registration Office (CRO) has more information about these different structures on its website, www.cro.ie.

Registering a business name

You can register your business name and file company returns online with the CRO using CORE (Companies Online Registration Environment). LINK TO https://www.core.ie

Tax

How your business is taxed depends on whether it is incorporated as a company. If it is a company, it is liable for corporation tax. If your business is not incorporated, you are considered to be a sole trader and you pay tax under the self-assessment system. You can find out more about the tax and customs implications of starting a business from Revenue.

For further information about starting a business in Ireland visit the Citizens Information website.