IRELAND
Ireland means
business
A good place for your offshore limited
company, but at what cost?
AMY STEADMAN
W
hen it comes to investment in Ireland, it
seems as if freedom favours the fortunate.
Have a successful business? You’re in.
While setting up an Offshore Company in Ireland
is possible, it also must come with a certain level of
established success. incorporates shares giving limited liability to its
members depending on the amount held by each
member.
Ireland Resident Private Limited Company
(PLC) Offshore Formation & Registration Advantages of Setting up an
Offshore Limited Company
Ireland has a renowned jurisdiction for outside
companies to base their operations. Its incredibly low
tax rate and its proximity to Europe is beneficial to
companies. However, it has not been the obvious choice
for offshore company formation in previous years.
In order to benefit from having the second-
lowest tax rates in Europe, individuals are required to
disclose information regarding financial accounting
and auditing. Companies will qualify for access to
double-taxation treaties and other benefits from EU
trade agreements.
Irish corporate legislation is regulated by the
Companies Act. The Ireland Company Registry is
the company that authorises the usage of company
names and is responsible for the filing of annual
returns.
Out of several Irish company formation structures
available, the most popular is the Resident Private
Limited Company. This structure has been widely
used for private, commercial and other international
business trade holding activities. Any corporate
registration documents do not use the term ‘offshore’
as offshore financial markets are under tight scrutiny.
However, it’s good to know that the Ireland Resident
Private Limited Company incorporates flexible
corporate management structures and other tax
benefits. A traditional Private Limited Company
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OFFSHORE GUIDEBOOK 2020
Setting up an Offshore Limited Company in Ireland
has many benefits and advantages. The list below
provides an idea of the benefits involved;
Highly reputable jurisdiction
Geographical proximity to the UK and
Europe
Membership of the European Union
Has trade advantages
Nominees Services are available
One of the world’s lowest Corporate Tax
Rate at 12.5%
Employees can hold shares
Ability to own property and enter into
legal contracts
Beneficial
owners
can
remain
confidential
No meetings required
Small companies exempted from audit
requirements
Well-established company formation
structures
Additional tax breaks for business
activities in a number of industries
OFFSHORE GUIDEBOOK 2020
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