If you are considering setting up a business in Ireland, then some of the issues you will need to consider include:

Business structure – do you set up your business as a sole trader, a partnership, a branch / subsidiary of a foreign company or as a separate Irish registered limited company? The legal and tax implications of each vary so appropriate advice to your needs should be sought before deciding.

Funding – how will you fund the business? Bank finance, personal equity, venture capital funding and / or Government assistance eg start-up grants, employment grants, capital grants, R&D grants……?

Taxation – what are the tax obligations for your business? You will need to register for a tax ID number, for Income tax or Corporation tax. If you take on an employee(s) you will need to register for Employment taxes. Do you need to register for VAT (sales tax)? Do you apply for any tax exemptions? What books and records do you need to keep, what are the minimum requirements for your business invoices? What are your monthly, bi-monthly, quarterly or annual tax reporting requirements?

DG International Tax can advise you on all these issues and more. Email us for further details at info@dgitax.com or contact us at ++ 353 56 7780852

DG International Tax provides the following services to businesses setting up or established in Ireland:

• Business Start-up advice & assistance – advice on legal structure, grants, funding, business plans, bank finance applications, tax & accounting;
• Company Secretarial / Company formation services;
• Assistance with raising finance including application for Government grants and drawing up business plans;
• Tax registration, tax advisory & compliance services;
• Expat & international tax advisory services;
• Accounting services.

Some of the tax benefits when investing in Ireland:

• 12.5% corporate tax rate for active business
• 25% Research & Development (R&D) tax credit which may be refundable over a three year period
• Intellectual property (IP) regime which provides a tax write off for broadly defined IP acquisitions
• Attractive holding company regime, including participation exemption from capital gains tax
• Effective exemption for foreign dividends (12.5% tax rate on qualifying foreign dividends, with flexible onshore pooling of foreign tax credits)
• EU approved stable tax regime, with access to extensive treaty network and EU Directives
• Generous domestic law withholding tax exemptions and reliefs