How do I name my company?
When you’re setting up a company in Ireland, you need to a choose company name so you can put it on your legal documents, branding and your clients can recognise you. But as well as that, your company name gives your business brand identity.
Choosing the right name is an exciting step when you’re starting a business and it can be easy to spend too much time thinking about the right name. We’re here to help you choose the right name for your company while also keeping in mind the statutory guidelines from the Companies Registration Office (CRO).
When you set up a company with Accountant Online, we offer free company name checks with the CRO so you don’t have to worry about not meeting their guidelines – we’ll let you know if your name is likely to be accepted or not!
1. Keep your customer in mind
Before you start your business you should create a customer persona for your target consumer. You should then choose a company name that will help attract this person to your business.
If, for example, you’re selling a professional service your name should be simple, serious, and easy to remember. Always remember to keep in mind the target consumer for your market.
2. Help describe your business with the name
Choose a company name that conveys the identity of your brand. A great example of a descriptive company name is Amazon. Named after earth’s largest rainforest. When they launched in 1995 they had the tagline “Earth’s largest bookstore”.
It might be worth having a think about a catchy tagline as well. Many great company names have a memorable tagline to go with them. For example, the brand L’Oreal has the well-known tagline “Because you’re worth it”.
3. Choose a name that will help you grow
When choosing your company name always think about the possible expansion of your business. This means you shouldn’t refer to geographic locations when naming your company. Local place names may also clash with another company in the same area.
A name like “Digital Marketing Dublin Limited” may work well at the start, but it limits itself when it comes to expanding the company outside of Dublin.
4. Think of unique words
There are certain words that the CRO deems too commonly used and don’t count them as separate words in a company name. Here is a list of words that are not considered distinguishing, so try to avoid these or include them with some unique words: services, Ireland, EU, Europe, and, Co., Company, and, &, Numbers (either in number form or spelled out), technologies, solutions, system, universal, global, enterprises, international, holding, group, or any other generic descriptive word.
5. Ask for help
Once you’ve created a list of proposed names, bounce your ideas off your close colleagues, friends, and family. Getting another person’s opinion will give you an entirely new perspective on your shortlist.
6. Check with the CRO
When you submit your company registration application to the CRO, they will check your proposed company name against all other company names registered in Ireland – including those that have been shut down in the last 20 years! We offer free company name-checks to ensure that your company registration application will be accepted the first time. Although the CRO can’t always guarantee that a company name will be accepted, it is a safe bet to follow their guidance on whether or not a company name will be accepted.
Company name registration vs business name registration
When you set up a Limited Company in Ireland, you need to submit an application to the CRO called a Form A1. One of the first things they ask for is your company name.
The company name is registered during the incorporation process, however, you can change your limited name later if your circumstances change. This can be a costly and timely process, so we advise that you follow our tips to get it the right first time!
Once you have chosen your new company name and have been successfully registered by the CRO, your name will be protected by the CRO. The CRO will reject all company formation applications that have a proposed name that is too similar to your company’s name.
Business name / "trading as" name
Registering a business name in Ireland is a different process than setting up a Limited Company. To register a business name, you need to complete a form RBN1 and submit it to the CRO. Both Sole Traders and Limited Companies can follow this process and it is different from setting up a business.
When is a business name registration required?
Any Sole Trader that wants to trade under any name that isn’t their own true name, must register their business name with the CRO. This is a separate process from registering as a Sole Trader, so be sure not to confuse the requirements.
Limited Companies and Partnerships may also want to register a business name if they want to trade under a different name to their company name. For example, our business name is Lizdan Business Services Limited, but the business name that we trade under is Accountant Online.
The CRO does not protect a business name. This means there are no restrictions for any other individuals or companies who want to use your business name. If you’re interested in registering a business name, take a look at our guide for more information on how to register your business name with the CRO.
What happens if your company name is rejected?
You’ll need to think of a new name if you have chosen a company name that the CRO deemed unacceptable or too similar to other names. Updating your company formation paperwork can be a time-consuming process and it can provide unnecessary stress to come up with a new name on short notice.
We ask our clients to come up with three company names they would like to use. This means you have other options readily available if your first choice is not accepted.
It’s also worth noting that the CRO may allow a company name, through inadvertence or otherwise, and the public can make an objection to your company name on grounds of similarity. If someone objects, they could be made in writing to the Registrar of Companies within six months following the incorporation of your company. If this happens, you could be directed by the Registrar to change the company name. This change must take place within six weeks of the date of the Registrar’s direction.
Reserving a company name
You can reserve a company name if you are nervous someone may take your name but you are not ready to set up your company. New companies or existing companies that want to change their name can avail of this service.
However, you can only reserve the name for 28 days at a time. The CRO charges a fee for reservation of company name of €25 and this €25 can be offset against your new company formation application (form A1).
If you want to reserve your company name for longer than 28 days, you need to submit a new application on the 28th day and pay an additional €25. Your second or any subsequent reservations cannot be offset against your company formation application.
The name you wish to reserve follows the same guidelines as other company names. So make sure you always check your company name on the CRO’s company search facility to ensure it is unique.
What documentation do I need to register my company name?
Your company name is chosen upon company registration, therefore choosing your company name and registering your company goes hand in hand. As part of our Company Formation Service, we can register your company name within a couple of days.
We will also run a name check with the registrar to ensure that your company name has the best chance of being accepted. All you have to do is provide us with a shortlist of names you are happy with.
If you need help setting up a company in Ireland, we are more than happy to help. We offer a wide range of services to get your company started in Ireland. Get in touch with us on +353 1 905 9364 or email us at email@example.com.