The Irish Government has recently announced a new initiative for start-up companies! New Companies incorporated after October 2008 can avail of 0% Corporation Tax on turnover up to €960,000 for the first 3 years of business!
Ireland may be a small country (population of approximately 4.2 Million) but it has become one of the Europe’s biggest success stories. Despite being in recession, Ireland still continues to punch above it's weight with regard to attracting foreign investment due to low corporate tax and a liberal approach to trade. As the most Western country in Europe, Ireland is a fully independent jurisdiction, a committed European Union member and is presently the only English speaking jurisdiction in the Eurozone monetary system.
The advantages of incorporating in Ireland can be summarised as follows:
• Ireland has an excellent international corporate image. Excellent Holding Company Regime
• Low corporate taxes with a universal rate of 12.5% on trading profits (0% until 2012!)
• Extensive network of Double Taxation Treaties. Agency Agreements can be used also.
• Committed European Union and Eurozone Member.
• English speaking jurisdiction.
• Europe's premier corporate domicile for multinational inward investment.
• Excellent telecommunications infrastructure.
• Low capitalisation costs when compared with most EU jurisdictions.
• Ideal for international Joint Ventures where participants wish to incorporate in a neutral state.
To discuss in more detail how you can incorporate in Ireland and improve your company's tax structure, please contact us for a free Consultation.
