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GO
IRELAND COMPANY INCORPORATION

Advantages

 
  • "Effective" Zero Tax Dividends (on certain qualifying dividends)
  • Attractive for companies heavily involved in R&D as a 25% tax credit is given
  • No physical presence is required
  • Attractive IP regime
  • Nominee services are allowed
  • Large number of double tax treaties
  • English Language
 
Disadvantages
 
  • Incorporation takes 5 - 15 days
  • Non trading income is taxed at 25%
  • Substance is required to safeguard the 12.5% corporation tax
  • VAT rate of 23%
  • Proper accounting records must be maintained and filed locally
  • Audit is required if threshold is exceeded*
  • Corporation tax rate 12.5%
  • Public record of financial statements 
  • Simple capital structure allowed only
  • Corporate directors are not allowed
  • One week to incorporate
 
Note: Main Audit threshold requirements*
 
To avoid a statutory audit the Irish Company must meet at least the following main requirements:
 
  • Turnover lower than €7.3m, and
  • Total assets lower than €3.65m, and
  • Employee fewer than 50 people
 
 
Characteristics
 
  • Officers - company director, secretary, registered office must be appointed
  • Year end audit must be performed if t
  • Year end tax returns must be prepared and submitted
  • Companies Act 2014
  • Share capital classes registered shares and preference shares with bearer shares not permitted
  • Services such as insurance, fund management, collective incentive schemes, trustee services and management are not included
  • Must have a registered office in Ireland.
  • Director must be different from company secretary and at least one director must be within the European Economic Area (EEA). Corporate directors are not allowed required for an Irish company formation.
 
 
Available Double Taxation Treaties
 
  • Australia
  • Austria
  • Bahrain
  • Belarus
  • Belgium
  • Bosnia & Herzegovina
  • Canada
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • Franc
  • Germany
  • Greece
  • Italy
  • Israel
  • Japan
  • Latvia
  • Lithuania
  • Luxembourg
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Pakistan
  • Poland
  • Russian Federation
  • South Africa
  • Spain 
  • Sweden
  • Switzerland
  • Turkey
  • United Arab Emirates
  • United Kingdom
  • United States

 

The Island (Wikipedia)