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Company Formation Ireland:

Company formation Ireland is highly regarded as a sought after jurisdiction for start-ups and well established businesses as well because in general, Ireland has a very investment-friendly climate. Start-ups are relatively quick, non-bureaucratic and feasible with relatively low cost.


Geo-Location Advantages:

Ireland is an island nation surrounded by the Atlantic Ocean to the west and south, bordered to the north by the United Kingdom (Northern Ireland) and to the east by the Irish Sea. Ireland has been part of the European Union since 1973.


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To avoid mistakes as you set up your new company, it is essential to seek advice. We would be happy to provide you with the best advice on how to set up your company abroad. We are offering you a short, intial, free and non-binding consultation via email. It will go a long to way to help you setup your company the right way.

International Taxes
Tatjana Lintner

Key account manager at W-V Law Firm LLP

+44 2080783389 069 2475630-68 [email protected] Mo - Fr 09.00 till 17.00 CET
International Taxes
International Taxes
Tatjana Lintner

Key account manager bei W-V Law Firm LLP

International Taxes
+44 2080783389 069 2475630-68 [email protected] Mo - Fr 09.00 till 17.00 CET

Economic Situation:

Despite rising labor costs, Ireland has managed to retain the majority of existing companies in the country and even attract new businesses. Thus, the focus is on innovative industries with high added value, such as sectors from bending technology. Furthermore, there is a high increase of companies in the service sector. Thus, e.g. various back-office matters of international companies are outsourced to Ireland. Call centers are also increasingly being set up by internationally active companies on the “Green Island”.


General Overview of Ireland’s Tax Structure:

In Ireland there is an income tax, a value added tax (VAT), and various other taxes. Employees pay pay-as-you-earn (PAYE) taxes based on their income, less certain allowances. The taxation of earnings is progressive, with little or no income tax paid by low earners and a high rate applied to middle to top earners, the top marginal rate of tax (including USC and PRSI) is 52%. However a large proportion of central government tax revenue is also derived from VAT, excise duties and other taxes on consumption. The standard rate of corporation tax is among the lowest in the world at 12.5%.


Double Taxation – Treaties and Agreements

Ireland is continuously expanding its tax treaty and agreement network so as to reduce barriers to cross-border trade and investment. Ireland has currently entered into double tax treaties with 72 countries. Irish Revenue Commissioner has concluded negotiations with Turkmenistan and a new agreement is expected to be signed shortly. Negotiations for new agreements with Azerbaijan, Jordan, Kazakhstan and Ghana are in progress and the Revenue Commissioner intends to initiate negotiations for new agreements with other countries during 2015. This will facilitate future expansion and modification of group structures.


Benefits of a Company Founded in Ireland

  • - EU membership since 1973
  • - Excellent infrastructure
  • - Low start-up and administrative costs
  • - Limitation of liability to subscribed equity
  • - Banking secrecy for legal persons
  • - Banking secrecy for legal director does not need to live in Ireland
  • - Double tax treaties with many other countries
  • - No mandatory minimum capital for incorporation of a Limited
  • - Stable legal situation and strong economic growth
  • - Tax-free income from patents and license income
  • - Effective tax burden of 12.5% of the company with proper design
  • - At the incorporation of the company a 3 years tax exemption, provided the profit in any of the 3 years does not exceed 40,000 euros


The biggest mistakes when starting a company abroad

Not all topics related to founding a company abroad are always free of prejudices and false information that have prevailed over the years. We give you an overview of the most important questions about founding a company abroad.

International Taxes
Founding a company abroad as a citizen of another country is legal?
Founding a company abroad as a citizen of another country is legal?

Yes, in most countries foreigners can be sole shareholder of a local entity.

International Taxes
Do you have to live in the country where you start a company?
Do you have to live in the country where you start a company?

No you can set up a company anywhere in the world, as long as the country in question allows you, as a foreigner, to acquire shares in local companies. If this is not the case, trustees can be used. Freedom of establishment applies within the European Union. However, it is important that the management takes place locally, in the country in which the company is registered. In addition, a permanent establishment must be set up. Without this, a German tax office will not recognize the company and, in the worst case, would demand back payment of corporate and trade taxes plus late payment penalties. We rent you a real office and set up a permanent establishment that meets all requirements without a doubt. In addition, we have real managing directors who run companies in the home country and are resident there.

International Taxes
Problematic law firms: closure is made more difficult
Problematic law firms: closure is made more difficult

Some law firms tie clients with gag contracts and apply pressure when the client wants to close their business. If you are a client of a law firm that has set up a legally unsound company for you, you make yourself vulnerable to blackmail. Because in the event of a tax problem, law firms without a license are not bound by a duty of confidentiality.

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Changing offices is made more difficult
Changing offices is made more difficult

We receive many inquiries from customers who already own a foreign company and are looking for a new law firm. Switching to us is then often made more difficult. So horrendous final bills are made, which have to be paid before a change is possible. Therefore we have developed a trust principle. If you are not satisfied with us and want to switch, you can do so at any time. You will receive the necessary documents (resignation letter) from us in a standardized form after the foundation. This protects you from unexpected costs and you are free to go to another law firm at any time. So far we have not lost a client to another law firm.

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Privacy Policy/Office Location
Privacy Policy/Office Location

Your accounting documents are safe with us. In addition, all electronic data is only stored in encrypted form and apart from us, who are bound by professional secrecy, no one has access. All accounting documents are also only stored locally. Neither authorities nor hackers can access this data.

International Taxes
No taxes?
No taxes?

There are certainly locations in the world that do not charge any taxes to companies and private individuals or only charge a very low flat-rate tax. However, this can rarely be used without a corresponding change of residence. If you are resident in Germany, the relevant double taxation agreement is decisive. Providers who promise otherwise will tempt you into tax evasion, which is usually severely punished if discovered. We advise you not to set up companies in countries that have already been blacklisted by the OECD. The foundation is usually very cheap, but the tax consequences in Germany can be devastating. Since the introduction of the automatic exchange of information between almost all major countries, an anonymous account or company no longer exists.

We comply with the following code:

  • - Legally secure foundations
  • - No unexpected(hidden) costs
  • - No false promises
  • - Finding the right solution by focusing on your requirements


With this strategy, we have been on the market since 2013 and have not disappointed our clients so far, and we prioritize in keeping it that way. We strive to ensure that every client is satisfied and does not take risks with the solutions we provide for them, but only exploits legal opportunities. Starting a company that involves doing real business is more costly than a letterbox company, but it is the only way to save on taxes without risking legal action.


EU bailout - no longer for Ireland, but of great benefit to it

Ireland left the EU rescue facility in early 2014. The resulting benefit for Ireland was that the Irish government has regained much more flexibility in its freedom of choice and that EU mass rules have been removed. Thus, Ireland's competitiveness was strengthened and there was an influx of foreign investment..


Other advantages of Ireland:

  • - Low employer shares for employees
  • - Ireland is one of the tax havens


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We can give you advise on choosing right jurisdiction for your business. Contact us today.

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International Taxes

Tax structure in comparison

Here are some examples of the tax differences between a highly taxed jurisdiction versus major tax havens.

  Belgian Limited (SPRL/BVBA) Ireland Limited Company Malta Limited (Ltd.)
Profit 100,000 EUR 100,000 EUR 100,000 EUR
Corporate tax 33% including. surcharge tax rate 3% Totally 36,000 EUR(36%) 12,500 EUR (12,5%) 5,000* EUR (5%) Effectively reduced from 35%
Profit after taxes 64,000 EUR 87,500 EUR 95,000 EUR
Key advantages Strong economy, highly reputed country Banking secrecy, double taxation agreement with many countries, excellent infrastructure Stable and growing economy, high anonymity, low start-up capital
Tax burden 36,000 EUR 12,500 EUR 5,000 EUR


Company formation Ireland - That's how it works

Starting a business in Ireland is easy and the founder does not have to travel to Ireland. For the foundation only a certified ID or passport copy and a power bill is needed. Depending on the choice of bank, and also a short CV or bank reference.

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