Blog posts

Although the diplomatic relations between Ireland and Turkey do not stretch back from century old, they have significantly strengthened over the past years. Both the two countries are active members of many European organizations such as the Organization for Security and Co-operation in Europe (OSCE), Organisation for Economic Co-operation and Development (OECD), the Council of Europe, World Trade Organization (WTO) and the Union for the Mediterranean.

Irish and Luxembourgian Plenipotentiaries met on the 14th of January 1972 to sign the Double taxation agreement between Ireland and Luxembourg. Their goal was to avoid double taxation and fiscal evasion in regards to capital gains and income of their nationals. Over the years, the bilateral ties of the two countries have strengthened and both countries are members of the Organization for Economic Co-operation and Development, the Council of Europe, and the European Union.

By law, all legal Irish entities are supposed to pay taxes on all chargeable income and gains. Ireland’s Taxes Consolidation Act which was established in 1997 is instrumental in the country’s taxation system

The double taxation treaty between Ireland and the United Arab Emirates was signed in early July 2010. The tax convention was meant to prevent over taxation of businesses operating in both countries and it has also greatly strengthened the bilateral ties between the two nations. The pact fosters investment opportunities in either of the states and increases instances of trade endeavors between the two countries.

In Ireland High Potential Start-Ups or HPSU are those companies with the potential to provide an innovative service or product for sale on global markets and the capability to generate at least 10 jobs and €1m in sales within three years of commencement. In general, HSPUs are those companies with the ability to drive innovation and wealth creation, by developing new products and markets never seen before and generating networks which never existed before

Partnerships are one of the most preferred business legal structures in Ireland. This is because they offer a more flexible and cost-effective option compared to other business structures. The main advantage of a partnership is that partners share both profits and losses directly, which means they can avoid double taxation typically associated with corporations. The two most common types of partnerships in Ireland are General Partnerships and Limited Partnerships. These have different terms and conditions and should not be confused.

There are a lot of myths and misconceptions regarding the process of becoming an Irish citizen. The first thing you should know is that there is no standard way of becoming an Irish citizen—the process differs according to nationality, why you want citizenship among other reasons.

Ireland offers favorable trading conditions for tourism companies, making it one of the most attractive destinations for foreign travel agencies. Irish tourism companies can benefit from several incentives, such as the Travel Agent’s Margin Scheme, which exempts them from paying VAT on certain tourism-related services. Due to these advantages, tourism has become one of the most thriving industries in Ireland and presents a lucrative investment opportunity for both foreign and local investors.

Setting up a bank account in Ireland is no different from other countries. It’s a pretty straightforward process as long you have all the required documents. Both foreign citizens and national citizens are free to choose any Irish financial institution they would want to work with.