Ireland remains a key location to form a company despite Britain leaving the E.U.

Ireland remains a key location to form a company despite Britain leaving the E.U. Ireland will remain in the European Union, and strategically becomes a key English speaking location to do business into the UK & Europe. Over the past few days and hours since this post was written, the Irish Government has not only shown its commitment to its European Union Membership, but it has also advised that Ireland’s corporation tax rate of 12.5% will remain low,  comments made by Michael Noonan Minister for Finance in Ireland. The minister also stated that the shock on Brexit has also been contained. Below you will find a short list of advantages of incorporating in Ireland;

  • The new 2014 act in Ireland makes it easier for Directors to manage a company. It is the goal of the Irish Government to make Ireland the easiest place in the world to do business.ireland
  • Ireland has a low 12.5% Corporation Tax rate and is a pro business environment. The Irish Government has stated that this rate will remain.
  • A company can be incorporated with a low Share Capital Requirement, as low as €100.
  • There is Limited Liability on Shareholders. Shareholders only risk the share capital they invest.
  • Ireland is an English Speaking Jurisdiction, soon to be the only one in the Eurozone.
  • Ireland offers free access to over 500 Million consumers in the E.U.
  • Ireland is ranked in the top 10 easiest places in the world to do business.
  • There are generous Research & Development tax credits.
  • A Company is a legal entity in itself. It is completely separate from the Officers and the people who run it. It is the company that legal action is taken against as a result of unpaid debts for example.
  • A limited company has greater ability to raise finance by the issue of shares.
  • The limited company name is protected.
  • The company is protected against sudden changes to Management structure.
  • Employees can acquire shares in the company.
  • Making changes to the company is relatively simple.

If you have any questions please do not hesitate to contact us regarding incorporating in Ireland, and what requirements you need to meet to ensure a smooth transition in moving your company, or setting up a new company in Ireland. To see packages for Irish Directors click HERE, and for Non-Resident Directors click HERE.