advantages and disadvantages of ireland company registration
DESCRIPTION
When properly structured, an Ireland company is an ideal, tax-efficient way to conduct business in the European Union. Here are the main advantages and disadvantages of registering a company in Ireland. Do visit our website for more information on starting a business in Ireland: http://www.healyconsultants.com/europe-incorporation/ireland-company-registration/TRANSCRIPT
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Advantages and Disadvantagesof Ireland Company Registration
![Page 2: Advantages and Disadvantages of Ireland Company Registration](https://reader036.vdocument.in/reader036/viewer/2022081504/557c1a65d8b42a22218b494d/html5/thumbnails/2.jpg)
(If properly structured) Irish LLC is legally tax exempt on all international income if there is no Ireland source of
income
TAX
Advantage
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Low corporate tax rate
12.5%
Advantage
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Can be claimed if new company conducts qualified trade including: carpentry, medical, and electronic
equipment
3year tax exempt period
Advantage
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English speaking + skilled labor force +
well-developed infrastructure= ideal European headquarters
Advantage
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Youngest population in Europe(average = 34.4 years)
Advantage
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Double taxation treaties with over 60 countries
Advantage
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Corporate tax on non-trading income – applies to activities including: rental,
interest and foreign income
25%
Disadvantage
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Employment permits unlikely to be granted to companies that exceed 50% of non-EEA national’s quota
Disadvantage
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An EU resident director must be appointed
Disadvantage
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Very difficult to get corporate finance because the banks are deleveraging
Disadvantage
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Company required to apply for VAT (23%) if sales exceed €55,000
23%
Disadvantage
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Click here to find out more information about registering a
company in Ireland