Benefits Of Starting A Company In Ireland

Each year hundreds of multinational companies choose to incorporate here in Ireland. Companies such as Google, Apple, and Facebook have all chosen to have their European Headquarters in Ireland. A company start up in Ireland is a wise business strategy for those who want to get the most back from their chosen place of set-up. Choosing Ireland for your company incorporation can turnover many advantages and opportunities.

The benefits of choosing Ireland

Due to the pro – business environment and attractive taxation rates, its not surprising that so many companies make the strategic decision to have Ireland as their European base. How Much Does It Cost To Set Up A Limited Company In Ireland

  • Ireland has the lowest corporation tax in Europe at a mere 12.5%.
  • In an attempt to promote Research and Development (R&D), The Irish government offer a 25% Tax credit against any research or developmental costs.
  • Ireland has a double Taxation agreement with over 70 countries including all the leading trading bodies for e.g USA, UK, China, Canada.
  • Enterprise Ireland is the Irish entity for the promotion of Business development abroad. They have very solid policies for new business support and have been greatly successful in doing so.
  • Ireland has a growing population full of young, highly educated and highly skilled workforce.
  • Ireland has an ideal business location. It is the closest EU country to the USA. It is also within just a couple of hours travel distance between all European business centers.
  • Ireland is a world leader in innovation with outstanding research facilities and opportunities.

The Benefits Ireland has being part of the EU

  • Having duty – free access to the worlds most valuable market from Ireland.
  • Companies within the EEA are not subject to currency change when trading in this jurisdiction.
  • European Citizens can move freely within the EU to live and work.

Requirements to starting up a company in Ireland

There are many requirements needed when setting up a company which include things like company name, company type, shareholders etc,. Irish Formations can help you through all of these with the purchase of any of our Company Formation Packages. Two significant things you wont be able to get started without are:

  • You must have at least 2 Directors – one has to be an EEA resident, otherwise a section 137 bond will need to be put in place.
  • you must have a registered address and trading address.