Your 90-Day Launch Plan

Days 1-30: Foundation

Choose business structure
Register business name
Get Tax Reference Number
Open business bank account

Days 31-60: Registration

Register for VAT (if required)
Set up ROS access
Complete compliance setup
Register for employer PRSI

Days 61-90: Launch Ready

Accounting Software - Coming Soon
Create PayVat account
Launch marketing
Make first sale

Step 1: Choose Your Business Structure

Your business structure affects everything from liability to taxes. Choose wisely—it's easier to start right than change later.

Sole Trader

Quick setup (24-48 hours)

Lower admin burden

Keep all profits

!Unlimited personal liability

!Limited credibility with suppliers

Best for: Service providers, consultants, freelancers with low risk

Limited Company

Limited liability protection

Professional credibility

Tax planning opportunities

!More complex setup (7-10 days)

!Annual CRO filings required

Best for: Growth-focused businesses, multiple shareholders, higher risk activities

VAT Consideration

Both structures must register for VAT when turnover exceeds €42,500 (services) or €85,000 (goods) in any 12-month period. Many businesses register early to reclaim input VAT on startup costs.

Step 2: Register Your Business

Business Name Registration

Check name availability

Search the CRO database for existing names

Reserve your name

Valid for 28 days

Complete incorporation

Submit Form A1 with required documents

Required Documents

Memorandum and Articles of Association

Form A1 (incorporation application)

Director and secretary details

Statement of compliance

Registered office address

PayVat helps: We can guide you through business registration and set up your VAT obligations simultaneously—saving time and ensuring compliance.

Step 3: Tax Registration

Tax Reference Number

Essential for all tax obligations

Apply through Revenue's MyAccount or Form TR1/TR2

VAT Registration

When turnover exceeds thresholds

€42,500 services / €85,000 goods

ROS Access

Online tax filing system

Digital certificate required

Early VAT Registration Benefits

Reclaim VAT on startup costs

Professional credibility

Avoid registration delays

Better cash flow management

Step 4: Banking & Finance

Separate business and personal finances from day one. It makes accounting, VAT management, and tax compliance infinitely easier.

Business Bank Account Requirements

Certificate of incorporation (companies)

Tax Reference Number

Director/owner identification

Proof of business address

Business plan (some banks)

Account Features to Consider

Monthly fees and transaction limits

Online banking and mobile apps

Direct debit facilities

International payment options

Integration with accounting software

Common Mistakes to Avoid

Leaving VAT registration too late

Can result in back-dated liabilities and penalties

Mixing personal and business finances

Makes accounting and VAT compliance extremely difficult

Poor record keeping from day one

Digital receipts and systematic filing prevent future headaches

Ignoring compliance deadlines

Set up reminders for VAT, company filings, and tax payments

Not planning for growth

Consider future needs when choosing structure and systems

Not setting up proper systems

Establish accounting and compliance systems from the start

Complete Startup Guide For FREE!

Learn how to setup your Business from start to finish!

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Last updated: August 12, 2025