Ireland is one of the most attractive destinations for foreign investment in the world due to its young, well-educated and flexible workforce. Ireland represents a profitable and consistent business environment, offering several company types suitable for different kind of businesses. The procedure for company formation and registration in Ireland is rather simple, being finished in a matter of days.
- at least one director of any nationality or residence
- at least one shareholder of any nationality or residence
- Shareholder can be natural person or legal entity
- Local secretary is required
- legal office address in Austria
- registration for social insurance, corporate taxation and VAT with the Revenue Commissioners is required
- minimum share capital for a public company is approximately 38,100 EUR and 25% must be paid upon incorporation
Taxation:
- Corporate tax is 12.5% for trading income, while the non-trading income is taxed at a 25% rate
- Dividend tax is 20%, unless tax treaties are enforced and smaller rates apply
- VAT rate is 23%, but reduced rates of 13.5%, 9%, 4.8% apply to certain products
- No Capital Gains Tax on the disposal of shareholdings in subsidiaries
- No transfer pricing, thin capitalisation or CFC rules