Incorporating an Ireland Entity

Incorporating an Ireland entity is an excellent way to tap into one of Europe's fastest-growing economies and is also an excellent way to conduct international business. A properly-structured Irish company is a highly-effective, tax-efficient corporate vehicle. The following information will help you determine whether incorporating an Ireland entity is the optimum solution to meet your business objectives:
Advantages of Incorporating an Ireland Entity
1.	Ireland's well-developed business infrastructure, stable government and low-tax regime benefit investors incorporating an Ireland entity and make it an ideal European base. An Irish company is a legitimate corporate vehicle domiciled in a reputable, highly regulated, international trading jurisdiction.
2.	Ireland's corporate tax rate of 12.5%, applied to trading income and to capital gains, is the lowest in Europe and acts as a stimulus for incorporating an Ireland entity.
3.	It is easy to open corporate bank accounts all over the world to support incorporating an Ireland entity. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.
4.	The Irish government actively encourages foreign investment in the country, providing grants, loan guarantees and other incentives for entrepreneurs and organisations interested in incorporating an Ireland entity.
5.	Ireland is the world's 25th most competitive economy, according to the World Bank's Global Competitiveness Report 2009-2010.
6.	Ireland has signed double taxation treaties with 48 countries around the world, including most of the world's leading economies, providing tax advantages to incorporating an Ireland entity.
7.	Ireland is a reputable, highly regulated, international trading jurisdiction and is positively ranked as the 14th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
Disadvantages of Incorporating an Ireland Entity
1.	Resident Irish companies are liable to pay corporation tax on their global income. Under the Finance Bill of 1999, all companies incorporated in Ireland are classed as 'resident'.
2.	Investors incorporating an Irealand entity must annually submit audited company accounts to the Companies Registration Office.
3.	An Irish company requires at least two directors and a company secretary. At least one director must be resident in Ireland, though he/she is not required to be an Irish citizen.
Uses of incorporating an Ireland entity
1.	Incorporating an Ireland entity projects a positive image. It is an excellent vehicle to promote to customers, suppliers, investors, and venture capitalists in Europe and around the world.
2.	If properly structured, incorporating an Ireland entity is an ideal way to book international profits at a low local corporate tax rate.
3.	An Irish company is an ideal entity to use as a Regional Headquarters for your European business because of the extensive Government grants available to support investors incorporating an Ireland entity.
Other Information
Refer to the following links to read more information on incorporating an Ireland entity:
Ireland Jurisdiction Summary
Ireland Company Incorporation
Ireland Corporate Bank Account
Client Case Studies
Factors to Consider When Seting Up a Company in Ireland
Frequently Asked Questions about Ireland
Contact Us
For additional information on incorporating an Ireland entity, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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