Advantages and Disadvantagesof Ireland Company Registration

(If properly structured) Irish LLC is legally tax exempt on all international income if there is no Ireland source of

income

TAX

Advantage

Low corporate tax rate

12.5%

Advantage

Can be claimed if new company conducts qualified trade including: carpentry, medical, and electronic

equipment

3year tax exempt period

Advantage

English speaking + skilled labor force +

well-developed infrastructure= ideal European headquarters

Advantage

Youngest population in Europe(average = 34.4 years)

Advantage

Double taxation treaties with over 60 countries

Advantage

Corporate tax on non-trading income – applies to activities including: rental,

interest and foreign income

25%

Disadvantage

Employment permits unlikely to be granted to companies that exceed 50% of non-EEA national’s quota

Disadvantage

An EU resident director must be appointed

Disadvantage

Very difficult to get corporate finance because the banks are deleveraging

Disadvantage

Company required to apply for VAT (23%) if sales exceed €55,000

23%

Disadvantage

Click here to find out more information about registering a

company in Ireland