Business in Ireland.
Business in Ireland
The Ireland retains impressive economic indicators for international investors. It is one of the small economies in Europe with a law tax.
Corporation tax in Ireland is pegged at 12.5%, in reality; the effective tax rate of the Irish subsidiaries of large multinationals is between 2% and 6%.
Ireland has been signed a double taxation treaty with more than 60 countries, which includes following types of taxation:
•Corporate Tax
•Capital Gains Tax
•Income Tax
Company Types in Ireland
There are a number of types of business in Ireland:
Limited company. The shares in a company are owned by its shareholders.
There are four types of limited company:
- A private company limited by shares: The members’ liability, if the company is wound up, is limited to the amount, if any, unpaid on the shares they hold. The maximum number of members is 99.
- A company limited by guarantee not having a share capital: As this is a public company, there must be a minimum of seven members.
- A company limited by guarantee having a share capital: As this will be a private company the maximum number of members is 99.
- A public limited company: This company type must have a minimum of seven members.
Bearer Shares: a Public Company may issue bearer shares under section 88 of the Companies Act 1963. A private company, however, cannot issue bearer shares. Section 33 of the Companies Act 1963.
Single Member Company. A single member company is a private company limited by shares or a guarantee company having a share capital.
Unlimited company. In an unlimited company, there is no limit placed on the liability of the members.
UCITS are public limited companies
EEIG’s – European Economic Interest Groupings
A Societas Europaea or SE is a European public limited liability company formed under EU Regulation
Cross Border Merger.A cross border merger is where a company merges with another company or companies
For more information on how to incorporate an Irish company today, please go
