Ireland Company Formation |
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When properly structured, Ireland company formation is an ideal, tax-efficient way to conduct business in the European Union. The information provided below, will assist you in determining whether Ireland company registration is the optimum corporate structure to fulfill your international business objectives.
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Advantages of Ireland Company Formation |
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Ireland company formation is attractive due to its low corporate tax of of 12.5%, one of the lowest in the European Union (EU). An Irish company also accesses a wide network of 48 double taxation treaties with countries including European Union (EU) states, Australia, China, India, Japan, South Africa, South Korea and the US.
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If properly structured, an Irish company enjoys legally tax exempt status when the entity i) is beneficially owned by non residents and ii) does not conduct business in Ireland and iii) is managed and controlled outside Ireland. Ireland is not perceived to be a tax haven, but a reputable trading jurisdiction.
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Ireland has a well-developed business infrastructure, stable government and low-tax regime which greatly benefits investors incorporating an Ireland entity and make it an ideal European base. Irish company formation provides a legitimate corporate vehicle domiciled in a reputable, highly regulated, international trading jurisdiction.
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Ireland company formation allows 100% foreign ownership. A minimum of one shareholder is required, corporate shareholders are allowed and the shareholder can be of any nationality.
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Ireland company formation is simple and cost-effective. According to the World Bank's 2011 Doing Business Survey, Ireland is the world's 9th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business. Furthermore, Ireland is positively ranked as the 14th least corrupt country in the 2010 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.
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Ireland incorporation is stimulated by the government via Enterprise Ireland. This is a government agency responsible for developing successful Irish enterprise. Enterprise Ireland assists start up companies to set up and grow in global markets through investment grants and incentives. |
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Ireland is positively ranked as the world's 7th freest economy in the Heritage Foundation's 2011 Index of Economic Freedom, a measure of freedom enjoyed in business, trade, monetary, financial, investment and labour markets.
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In its 2010 World Competitiveness Yearbook, the Switzerland-based IMD positively ranks Ireland as the world’s 21st most competitive economy. The ranking takes into account factors including economic performance, government efficiency, business efficiency and infrastructure. |
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Over the past few years, Ireland has maintained a very high Human Development Index (HDI) ranking of 5th in the world. The HDI is a 'Quality of Life' index developed by the United Nations that ranks 182 countries based on several factors related to GDP, education and life expectancy. |
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Following Ireland company registration, Healy Consultants can open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank. |
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Healy Consultants transparent, logical procedures mean Ireland company registration is hassle-free. Clients are not required to visit Ireland at any stage of the engagement to complete Ireland company set up. |
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Disadvantages of Ireland Company Formation |
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Ireland company formation requires a minimum of two directors, one of whom is resident in the European Union (EU). However, the directors can be of any nationality. |
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Following Ireland company formation, it is necessary to register the company for VAT if annual sales exceed €37,500 (US$53,500) for the supply of services,or if sales exceed €75,000 (US$107,000) for the supply of goods. |
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Following Ireland company formation, financial statements are audited and submitted annually to the Companies Registration Office. Healy Consultants will assist our clients efficiently and effectively to complete this annual statutory obligation. |
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Contact Us |
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For more information on Ireland company formation, e-mail us at email@healyconsultants.com or call us at (+65) 6735 0120. |
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