How we can help you?
Why setup a company in Ireland?
Ireland has a stable parliamentary democracy and has been a member of the European Union for over 37 years. It has an extremely well-developed infrastructure and a renowned education system which has helped create a “world-class talent pool” producing some of the world’s most successful and forward-thinking entrepreneurs.
Ireland’s position as a base for Global Business is desirable. In December 2013, Ireland was voted, by Forbes, as the Best Country in the World to do business and was the only nation to rank among the top 15% of countries in every single one of the 11 metrics examined. Of note, it was also one of the leading countries with low tax burden, investor protection and personal freedom. Ireland is an onshore jurisdiction with a low tax rate.
Some of the largest companies on the planet have moved their operations to Ireland in recent years. The European Commission has recently stated that Ireland is among Europe’s most industrially competitive countries.
Three-year tax exemptions for Start-Up Companies
Corporation tax rate of 12.5%
Double Taxation Treaties in effect with 68 countries
Tax relief on acquisition and development of Intellectual Property
Tax credits on R&D
Withholding tax exemptions to EU/Treaty countries
Tax Exemptions for
Ireland currently has an incentive for start-ups of a three-year remission from taxation on profits and capital gains for those new companies with a tax liability of less than €40,000 per year. Qualifying companies are entirely exempt from corporation tax on trading profits and chargeable gains on the disposal of assets. At the current rate of 12.5%, this equates to €320,000 of annual profits. There is also marginal relief between €40,000 – €60,000. There are certain conditions attached including the type of trade, and the relief is linked to the amount of employers PRSI (Pay Related Social Contributions) up to €5,000 per employee.
Available Irish Entities:
Private Limited Company
Private Unlimited Company
How More Group
can help you
At More Group we can provide peace of mind by helping you assess which company type will be more suitable for you. Our Irish company set up experts prepare all the required paperwork, including a new or revised constitution containing additional regulations, to complete the transition to the new entity. While we’re at it, we’ll throw in a full statutory health check for free. We’ll also provide a useful checklist of action points you need to consider elsewhere in your business to make this as smooth a process as possible. If you elect to use a single director company, we can also provide a company secretary.