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Ireland

Ireland has become one of the EU’s biggest success stories.

The so-called Celtic Tiger economy has powered ahead in recent years, fuelled by foreign investment, low corporate tax and a liberal approach to trade.

Generous investment incentives complete an attractive package. No wonder that thousands of foreign investors have opened an Irish company.

Ireland is perfectly positioned as a trade bridge between Europe and the United States.

Also it is a global e-commerce hub, boasting a truly world-class telecommunications network.

Above all, it has a particularly beneficial tax environment with corporation tax fixed at 12.5% on all trading income, whether manufacturing or otherwise.


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The main types of company in Ireland are :

• Private Limited Company (PrC), the most popular format for foreign investor, with no minimum threshold of share capital. Two directors and company secretary are required and one director has to reside in Ireland, or €25,395 bond. Audited accounts has to be filed annually.

• Public Limited Company (PLC), where the minimum share capital for a PLC is €38,092. At least 25% of the authorized share capital must be paid up. A minimum of seven shareholders is required, and audited accounts has to be filed annually.

• Partnership is available as a general, limited or investment limited partnership. General partnerships have unlimited liability and limited partnerships have limited liability. Investment limited partnerships allow for double tax relief.

• Branches

Ireland’s rapid economic growth has prompted the government to streamline its regulatory infrastructure.

Financial controls are the responsibility of a single body, the Irish Financial Services Regulatory Authority.

The overall regime is relaxed. There are no general restrictions to foreign ownership, capital and dividends can be freely repatriated and Ireland has bilateral tax treaties with many countries.