Business in Ireland.

Ireland city landscape from the water

Business in Ireland. 

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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

ireland flagCompany 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.

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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