Ireland – An amazingly low corporate tax rate
The Ireland corporate tax rate is one of the lowest in Europe at just 12.5%. Consequently, the low tax rate makes the resident an excellent way to book global profits while legally minimizing international tax.
Ireland business setup is relatively quick and easy. LLCs are still the most commonly established entities, LLC’s in Ireland have the following benefits:
· 3 year tax exempt if the business conducted is a qualified trade;
· Excellent employability with the youngest population in Europe;
· The benefits from Irelands EU membership;
Although few, disadvantages when incorporating in Ireland include:
· For all non-trading income, an Irish business must pay a 25% corporate tax rate. This rate applies to activities such as rental income, interest, and foreign income;
· An EU resident director must be appointed therefore no securing 100% foreign ownership;
· Businesses in Ireland are subjected to a high VAT rate of 23%.
Healy Consultants is capable of giving advice to international entrepreneurs to whether incorporating in Ireland is suitable for their business. Although Ireland has a couple of disadvantages, if managed properly by Healy Consultants, firms can reap the benefits of Ireland company incorporation.
About the tax regime in Ireland
Ireland imposes a relatively low tax burden depending on the business activity of the company. Consequently foreign businesses need to consider the tax details before incorporating. In Ireland, the standard corporate tax rate is 12.5%, with a standard VAT rate of 23%. If the business is conducting a qualified trade, a 3 year tax exempt may be awarded to the business.
Finally, being a member of the EU, Ireland enjoys EU membership benefits, and boasts 71 signed tax treaties with other countries around the world.
Why invest in Ireland?
A limited company in Ireland is that it can be legally tax exempt on all international income if no Irish source income is earned. Consequently, a company setup in Ireland can be an excellent holding company;
Ireland serves as an ideal headquarters to serve the EU market because: i) It is English speaking ii) has a skilled labor force and iii) a well-developed infrastructure including ports, banking, and airports;
It is easy to open corporate bank accounts all over the world to support registering Ireland company. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate banking services;
Healy Consultants can assist foreign entrepreneurs with the best possible business setup solutions in Ireland.
About Healy Consultants
Healy Consultants provide a full range of professional services, which include the following:
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
For further information:
Mr. Aidan Healy, Business Owner, Healy Consultants
1 Kiocrim, Listowel. Co Kerry Ireland