The Ireland is West-European country located on the similarly-named island that was labelled as «Celtic Tiger» at the end of previous century. Not to be confused with Northern Ireland, which borders it but is part of Britain.
Economic achievements of the Ireland became real due the scope of factors: stable politic and economic relationships with USA and the United Kingdom, old-established membership in EU (since 1973), well-executed tax reforms, development of manufacturing industry and investment sphere, renovation of social policy etc.
Ireland is not offshore, this is a country with favorable tax conditions, which, if certain requirements are met, becomes tax-free for non-residents (you need to be a non-resident of Ireland, not do business and not make a profit on the territory of this state).
Ireland's legislative acts are based on the English Common Law system. Activity and business registration in the Ireland are regulated by:
For doing business in Ireland, it is most convenient to register the following types of companies:
Corporate tax (income tax):
1. The reduced rate of 12,5% is used for trade enterprises. To apply this rate, a firm must conduct part of its business in the country (for example, an enterprise may have signed a contract with a local firm).
2. At the standard rate of 25%, mining firms are taxed if the source of the trading profit is abroad, as well as dividends, interest and other non-trading profits.
Dividend taxes - 25%.
A preferential rate of 12,5% is used in the presence of international agreements on double taxation, if more than 75% is invested in an Irish organization, as well as for dividends received by an Irish holding from organizations from the European Union.
Dividends are paid only from profits from commercial activities.
Payment of dividends to non-resident firms or individuals (resident/non-resident) is taxed at 20% (in addition to options for using reduced rates).
VAT - 23%.
It is necessary to register as a VAT taxpayer if the annual turnover for goods trading company is more than 75 thousand euros, for services – 37,5 thousand euros. In other cases, registration is optional. A VAT number can only be obtained if you have a real office in Ireland or an account with a local bank.
Is absent at this country.
The Republic of Ireland has concluded agreements with more than 70 countries.
If you are planning to buy a company in Ireland, please contact our lawyers for advice:
+38 (098) 737-88-88
We will help you open an «offshore» company in Ireland or any other jurisdiction of your choice. Starting a business in Ireland by registering a company with the Campio Group is safe and easy.
The cost of registering a company in Ireland is formed for each specific business and depends on the organizational form, check the final price of the finished company with our lawyers depending on your individual needs.