Ireland

General Information

    Advantages:

 

  • Low corporate tax rates  

  • 0% rate until 2022 for companies that meet certain conditions 

  • 70+ Double Taxation Treaties  

  • No withholding tax on the payment of dividends by the holding company to EU or tax treaty countries 

  • No Capital Gains Tax on the disposal of shareholdings in subsidiaries 

    Disadvantages:

 

  • Brexit creating uncertain economic perspective 

  • No legislation that protects know-how, trade secrets, and confidentiality 

  • IP ownership has to be secured in contract 

 

The Republic of Ireland is a sovereign state that is usually mistaken for Northern Ireland which is a part of the UK. It takes the major part of the island and is considered to be the best country in the world to do business according to Forbes. 

 

The overall economic conditions are very favorable for international investors. The nominal GDP of Ireland is $217.3 billion.  Ireland is the world's largest exporter of software, yet the country’s major exports include food products such as potatoes, lamb and beef. 

 

Many American hi-tech companies have been investing massively in Ireland. Thus, Google, Microsoft, Apple, IBM, Dell, Intel, Motorola, Oracle, Lotus, and Boeing Computer Services located their headquarters in Ireland. 

 “Ireland is an ideal entry point for businesses seeking access to the European Union and its population of more than 300 million people. Businesses with operations in Ireland benefit from barrier-free access to the EU’s 28 member countries and its four freedoms – free movement of goods, capital, services, and people,” 

– Stephen Mullan, VP of emerging business at the Industrial Development Agency. 

Legal Information

Tax Information

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