Jun 22 2011
Ireland is one of the most attractive EU destination for companies due to the soft and easy going legislation. Ireland has been ranked as the 3rd most easiest way in term of incorporation and running business in EU and the seventh in the world by World Bank in 2010. There is quite general tax legislation giving opportunities to companies to have higher net profit while operating a business through Irish company. Ireland is an attractive jurisdiction due to low corporation tax rates (12.5%) and a current 3 year tax exempt period for new companies. A lot of US companies have moved and incorporated their holding company in Ireland. In Bloomberg there is quite well known article stating the Google strategy in regards to taxation and local use of benefits. In law terminology known as “Double Irish” and “Dutch Sandwich” – this article might help you find how big companies trying to save a money with offshore strategy.
If you think to incorporate Irish Limited company, please visite our website – Republic of Ireland.