ireland offshore business setup

Ireland offshore company formation

Ireland occupies a dominant spot in the Forbes list of top countries to work in. With its attractive tax regime, wide availability of skilled labor, attractive holding company regime and technological advancement, Ireland has attracted big companies to set up offices in the country.

An Ireland offshore company is required to have a registered office in the Republic of Ireland, where the details regarding the directors and secretaries are maintained. The corporate tax rate in the Republic of Ireland is 12.5% on trading income, which is relatively low compared to other countries in the EU. Ireland has many advantages which makes incorporation of an offshore or international style company something which deserves consideration.

The company can start its activity with the presence of at least one director. Corporate directors are not permitted. At least one of the directors shall be resident of the country of the EEA. If this requirement is not met, the company must acquire a security , which is issues by the Bank of Ireland for the period not less than two years. Not more than 25 Irish companies can be simultaneously headed by Irish resident.