How to Start a Business with Utility Bill

by | Business

electricity charger

You may wonder “Why would I ever need a utility bill to start a company in Ireland?” These are far not the most glamorous expenses and seem to have no relation to my future company. At a certain point, you are right

However, let us uncover the truth.  Such a small step as utility bill acquisition is a large contribution towards your future entrepreneurial well-being. Excited? We are here to dispel your doubts and make this topic clear.

What is a Utility Bill

Starting from the very beginning, a utility bill is the official monthly statement of the amount a household owns for essential services and utilities like electricity, gas, water, internet, TV etc. 

Some even call it a nightmare of adulthood as the numbers sometimes make you feel like going broke. 

So, let’s go further and learn why your business can’t go anywhere without some legal authorities figuring out how much you paid for water, Internet, or gas this month. A little spoiler: it’s not about showcasing how much you spend.

Why to Obtain Utility Bill

How does utility bill attainment relate to starting a business in Ireland? The answer lies in the Irish legislation. A utility bill is one of the fastest ways to prove your address. There are several circumstances that require you to do so.

Open an Irish Company

No matter if you apply to register a company in Ireland services from a third party or try to handle it on your own, you won’t able to move on without proving your residence. This and the following are set in the Anti-money laundering legislation.

At Chern & Co, we also require an official utility bill to start providing our clients with any kind of our services. We realise that proof of address is sensitive data. Therefore, we take all the reasonable measures to keep it secure. 

Notice that according to the news rules imposed by the legislation of Ireland, utility bills should not be older than 3 months. 

If you cannot provide a utility bill to prove your address, we also accept a recent bank statement where your address is mentioned.


Open Irish Bank Account or Account in Other Financial Services

It is required by bank authorities as a security measure to make sure you are honest about the place of your current residence. They want to stay in touch with you via regular posts and truth be told want to know where to find you when necessary. 

Additionally, banks ask to confirm your current residence to make sure that accounts won’t be opened for criminal or money-laundering purposes either.

Pass the Account Verification Process on Amazon

Amazon is serious about the security of its users. Thus, sellers must undergo an obligatory verification process and proof of address is a part of it.

If you need help with passing Amazon account verification, you can get it from Chern & Co. We offer Amazon seller account registration and Amazon seller account verification services for entrepreneurs who intend to start a business journey on one of the largest marketplaces in the world Amazon.

UPDATE: Currently Amazon does not accept utility bills as confirmation of address. Instead, it’s preferred that you provide a recent bank statement.


Wrapping Up – So What do You Need the Utility Bill For

Things are much clearer now and we know you wouldn’t argue that. An official utility bill attainment is a legal requirement to set up your company in Ireland, open an account in a bank or pass the Amazon account verification. Sure, it’s never about acknowledging someone that you do not even try to save on electricity. 

Obtain Utility Bill with Chern & Co

At Chern & Co, our mission is to make business easy and understandable for everyone.  We help entrepreneurs establish a trustworthy business entity in Ireland and utility bill acquisition is what you will definitely require in the long run. Don’t hesitate to contact our managers! We are ready to deliver assistance and answer all your concerns related to Utility bill attainment!

Disclaimer: The content of this page is for acquainting purposes only and is subject to change. It does not constitute any professional advice. No liability is accepted by Chern & Co for any actions taken or not taken in reliance on the information set out in this article. Professional, legal or tax advice should be obtained before taking or refraining from any action

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