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Company in Ireland : The benefits of setting up a Company in Ireland

The economy of Ireland is a knowledge economy, focused on services into high-tech, life sciences and financial services industries.
Ireland is an open economy and ranks first for high-value FDI flows.

Some of the benefits of setting up a company in Ireland
Having a company in Ireland allows you:
To be part of the EU in an English-speaking country
Access to all the EU trade & customs agreements between Ireland and other non-EU countries
Access to over 73 double tax treaties
Cross Border VAT registration with simplified administration;
Easy distribution of goods and services
EURO currency bank account
Low corporate tax rate of less than 12.5% after deductions
A large variety of tax reliefs and incentives aimed at attracting foreign companies

Something else you need to know about Irish Companies
Common Law based on English Common Law.
No exchange control
All company types must have one secretary and a minimum of one director.
One of the directors is required to be resident in a member state of the European Economic Area (EEA).
For those residing outside the EEA, there are two options. Either you can purchase a bond, which insures the company against fines for any offences under the Companies Act, this bond would need to be renewed every 2 years; or you may appoint a non-executive or “nominee” director to the board to satisfy residency requirement.

How to get full confidentiality and disclosure on an Irish Company
The identity of the beneficial owners of an Irish Company may remain confidential if corporate shareholders are engaged to act as the shareholder on behalf of the ultimate beneficial owners.
This confidentiality is maintained as long as the company and its ultimate beneficial owners are not involved in any criminal activity.

Time scale to incorporate in Ireland
3 to 4 working days.