Kytletelogue Cosec Services - Company Formation Package, Secretarial Services, Filing & Obligations For Limited Companies
Benefits of Irish Companies
Company incorporation Ireland is an attractive proposition due to low corporation tax rates (12.5%) and a
current 3 year tax exempt period for new companies. For foreign investors considering setting up business
in Ireland and existing organisations seeking a more tax efficient corporate base, the benefits of Irish
company formation should be given serious consideration.
Many US corporations made the decision to consolidate its European interests under a single
Irish holding company. This is by no means unique, and follows moves taken by several
multinational corporations to consider the benefits of Irish company formation and relocate
to Ireland in the wake of proposed tax reforms in the US.
In May 2009, US president Barack Obama declared his intention to clamp down on the channelling of US company
profits through registered offices overseas and to dampen corporate enthusiasm for outsourcing jobs to foreign
countries.
Since then there has been a noticeable increase in Irish company formation applications as a number of notable
firms have moved their place of incorporation from countries identified by the US as tax havens, such as Bermuda,
to Ireland.
Ireland is hailed as having a “sophisticated” and “well developed” legal and regulatory
environment, key factors in many corporations decisions to relocate business here in the best interests of their
shareholders. Company incorporation in Ireland can provide economic benefits and help ensure global competitiveness.
A member of the European Union, Ireland offers a sophisticated, well-developed corporate, legal and regulatory
environment. It also has a long history of international investment and long-established commercial relationships,
trade agreements and tax treaties with European Union member states, the United States and other countries around
the world. In addition, company incorporation Ireland offers a stable political and economic environment and has the
financial and legal infrastructure to meet client needs.
email: companylaw@eircom.net
