Ireland, the EU member, is a prestigious jurisdiction with moderate taxation. Currency – EUR. Capital city – Dublin, population – more than 4.5 mn people. State language – English and Irish. Nowadays, Ireland is one of the leading EU countries in terms of technological development and financial services.
Until 1999 non-resident companies were exempt from corporate income tax, which facilitated many international companies entering the European market. Also, that contributed to the country’s high pace of economic development. At the moment, Irish 12.5% income tax rate is among the lowest rates in Europe and still attracts international entrepreneurs.
Irish Limited Company
Standard declared capital – 10 000 EUR . Minimum paid-in capital 1 EUR. Finance Act 2006 Abolished Capital Duty. Up to 1000 EUR can be paid-in by cash.
Shares to bearer.
Should be on the territory of Ireland.
Quantity: minimum – 1.
Quantity: minimum 2.
Quantity: minimum 1 physical or legal body.
Submission of Annual Report
Annual report for the first year should be submitted no later than after 18 months from the registration date.
Financial statements are submitted annualy to the companies register and tax authorities ( Company Tax Return). The audit of financial statements is required under the following conditions (year’s end):
The book-keeping documentation should be stored at the place of registration.
Company’s stamp - required.
Corporate income tax for trading activities of a resident company – 12.5%, for passive incomes (interest, rent, royalty) - 25%. By using international tax treaties the rate can be lowered from 25% to 12.5%. Corporate tax for non-resident companies – 25%. For the company to be counted as resident, it must have features of being governed from Ireland.
Agreements about elimination of double taxation
Agreements about elimination of double taxation are signed with more than 61 countries, including European countries, the US, Russia and CIS countries.
Set of registration documents
This service is offered to clients that work with Latvian companies inside the EU, and also for clients that perform export operations in other countries.
The registration procedure takes 30 working days. Monthly and quarterly accountant compiles and submits VAT reports. Cost of compilation of reports is included in yearly company maintenance fee and depends on the number of operations.
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