What is the difference between a PPS number and an IPN?
A PPS (Personal Public Service) number is Ireland's national identification number used for various public services, while an IPN (Identified Person Number) is specifically designed for company registration purposes for non-residents. The IPN is much easier to obtain for non-EEA residents and serves the same purpose for company formation.
How long does it take to obtain an IPN through the VIF process?
The typical processing time for an IPN application through the VIF process is approximately 2-3 business days once all required documentation has been submitted. This is significantly faster than attempting to obtain a PPS number as a non-resident.
Can I use my IPN for multiple Irish companies?
Yes, once you have an IPN, it remains valid for life and can be used for any future Irish company formations or directorships. This makes it a valuable asset for international entrepreneurs with multiple business interests in Ireland.
Do all shareholders need an IPN, even minority shareholders?
No - only shareholders with more than 25% of the company must have either a PPS number or an IPN. For shareholders, the IPN is required for the "Beneficial Ownership Filing" which takes place after incorporation.