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Ireland Incorporation

By having a company in Ireland and by locating websites in Ireland, either in the International Financial Services Centre or in the Shannon Free Zone, to carry out functions previously based in high-tax jurisdictions such as sales and marketing, treasury management, supply of financial services, and most of all, the supply of digital goods such as music, video, training, software etc, businesses can take advantage of low rates of taxation for increasingly substantial parts of their operation.

Ireland Company, ideal for:

Main characteristics of Irish company:

Company Type Private Company limited by shares
Corporate legislation Irish company law is contained in the Companies Acts 1963 – 2009.
Information published relating to company officers Upon registration of the company in Ireland, names of companies officers will appear in the public registry.
Accounting requirement Accounts and tax filing must be submitted by year-end for any company registered in Ireland.
Taxation Low Corporation Tax of 12.5%.
Standard Currency Euro
Office The company must have a registered office in Ireland
Stability Stable jurisdiction with very good reputation
Communication Efficient communication means
Time zone Convenient world time zone GMT
Secretary required Yes , company secretary can be either an individual or company and may or may not be resident in Ireland.
Paid up capital requirement No paid up capital requirement
Basis of legal System Under Common Law
Minimum shareholders / directors A minimum of 2 Directors, Directors must be individuals and not corporate entities.  1 director of an Ireland company must be resident in the European Economic Area
Bearer shares Bearer Shares are not permitted for Ireland company.

VAT number for Irish Company

When you are starting your own business, whether as a sole trader, partnership or a company, you need to determine if you are obliged to register for VAT and what VAT rate should be applied to your sales.

Who needs to register?

The main reason for registering for VAT is that the business engages in the supply of taxable goods or services within Ireland or within the EU.

A business whose turnover, in any twelve month period, does not exceed or is not likely to exceed €37,500 (in the case of supply of services) or €75,000 (in the case of supply of goods) is not obliged to register for VAT.

Other reasons for VAT registration are:

The business makes intra Community acquisitions of goods. The business receives fourth schedule services (for business purposes) from abroad.

Fourth schedule services include consultancy services provided by accountants, lawyers, consultants and engineers. All persons, other than private individuals, who receive fourth schedule services from abroad (for business purposes), must self account for the Irish VAT and must therefore be registered for VAT regardless of the above.

The business is involved in property transactions within the State and needs to register for VAT as a result of same.

TAX treaties signed

Ireland has signed comprehensive double taxation agreements with 64 countries, of which 56 are in effect.

Double Taxation Treaties entered into by Ireland:

Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia, Herzegovina, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Germany, Greece, Hong Kong, Hungary, Iceland, India, Israel, Italy, Japan, Korea (Rep.of), Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Portugal Prot., Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Rep., Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, UAE, United Kingdom, USA, Vietnam, Zambia

To form a company in Ireland, just send us an email : info@bethelfinance.com