Ireland

An island in north-western Europe which has been divided politically since 1920. Most of the island is made up of Ireland (Irish: Éire, also known as Poblacht na hÉireann = the Republic of Ireland). The remainder is Northern Ireland, which is part of the United Kingdom.

Ireland is one of the first choices of foreign investors when decided to enter the Eurozone market. The country has a pro-business environment and attractive taxation rates. The country has signed double tax treaties with over 60 countries, including almost all major trading partners for creating more benefits for investors. The corporate tax is 12.5%, the lowest in Europe and moreover, trading partners can benefit from the EU member status of Ireland, meaning duty-free access and no currency fluctuations when trading within the Eurozone.

Main benefits of an Irish IBC:

• Ireland has an excellent international corporate image.
• In 2014, Forbes ranked Ireland as the best country in the world to do business.
• Low corporate taxes with a universal rate of5% on trading profits.
• Extensive network of over 60 Double Taxation Treaties including the United States.
• In the 2010 IMD World Competitiveness Yearbook, Ireland was ranked fourth in the world in terms of availability of skilled labour and openness to new ideas
• Only fully English-speaking jurisdiction in the Eurozone, committed European Union and EEA Member.
• Europe’s premier corporate domicile for multinational inward investment.
• Excellent telecommunications infrastructure.
• Low capitalisation costs when compared with most EU jurisdictions.
• Ideal for international Joint Ventures where participants wish to incorporate in a neutral state.

Together with Ireland ‘s positive image as an excellent corporate domicile and on-shore jurisdiction, makes company formation Ireland an attractive proposition for international tax planning purposes.