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Frequently Asked Questions about Ireland
| The following are some of the most frequently asked questions about Ireland Company formation: |
What makes an Irish Company suitable to use as a European headquarters? |
What are the tax incentives associated with incorporating a Company in Ireland? |
What are the negative tax implications of setting up an Irish Company? |
Is it possible to set up a corporate bank account for an Irish Company |
Are there any incentives available to investors planning to set up in Ireland? |
Does an Irish Company need to prepare and submit annual accounts? |
How many directors and shareholders must an Irish Company have? |
| Can an Irish Company conduct international business? |
| Yes. If properly structured, an Irish Company is an excellent tax-efficient corporate vehicle through which to conduct international business. |
| What makes an Irish Company suitable to use as a European headquarters? |
| Ireland has a well-developed business and legal infrastructure, has a stable government and is a key member of the European Union (EU). In addition, Ireland has the lowest corporate tax rate in Europe, at 12.5%. |
| What makes Ireland a good base for international Companies? |
| Ireland has a well-developed business and legal infrastructure, has a stable government and is a key member of the European Union (EU). In addition, Ireland has the lowest corporate tax rate in Europe, at 12.5%. Also, Ireland has an outward-looking policy towards foreign investment, and offers a range of incentives for entrepreneurs and organisations. |
| What are the tax incentives associated with incorporating a Company in Ireland? |
| Ireland has the lowest corporate tax rate in Europe of 12.5%. In addition, the country has signed double taxation agreements with 48 countries, which offer protection from duplicate taxation. |
| What are the negative tax implications of setting up an Irish Company? |
| Ireland-resident companies are liable to pay capital gains tax of 20%. |
| Is it possible to set up an Irish offshore Company? |
| Such a structure does not exist. Under the Finance Bill of 1999, all Companies incorporated in Ireland are classed as 'resident' and are liable to pay corporation tax on their global income. |
| Is it possible to open a corporate bank account for an Irish Company? |
| Yes, it is relatively easy to open an account in a leading international bank. |
| Are there any incentives available to investors planning to set up in Ireland? |
| The Irish government provides grants, loan guarantees and other incentives. Some of the most popular schemes include the R&D Capability Grant Scheme, Research Technology & Innovation (RTI), the Innovation Partnership Initiative and the EU Framework Programme. |
| Does an Irish Company need to prepare and submit annual accounts. |
| Yes. They must be audited and submitted annually to the Irish Companies Registration office. |
| How many directors and shareholders must an Irish Company have? |
| Under Irish Company law, all Companies must have a minimum of two directors, and a minimum of one shareholder |
| Does an Irish Company need a resident director? |
| Yes, though she/he need not be an Irish citizen. |
Contact Us For more information on any of our Ireland corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120. Back to Ireland Company Formation page. |
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