Business in Ireland.

Ireland city landscape from the water

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

 

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If you wish to register a business in Reland our team will be happy to help you there and provide you with more detailed information, you can contact us at [email protected]

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Business in Ireland.

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