Company formation

Over the years, the Irish government fiscal policy has undergone some revisions. These changes have positively transformed Ireland from being one of the most backward European countries to become one of the most economically thriving countries in the European Union. Today, Ireland stands as one of the most favorable destinations for international companies who want to set up a holding company in Europe. What makes Ireland very attractive for foreign investors are the low tax rates and it’s generally foreign-friendly legal structure. 

Partnerships are one of the most prefered business legal structures in Ireland. This is because partnerships offer a more flexible and less expensive business structure than other business agreements. The upside to a partnerships is that the partners receive both profits and losses directly and as result they do not face double taxation incured through a corporation. The two most common types of partnerships in Ireland are General Partnership and Limited Partnership. These two partnerships have different terms and conditions and should not be confused.  

Due to the ever increasing level of corporate governance, it is very crucial to ensure that your company’s judicial obligations are met fully. With experience, knowledge, and understanding, SIGTAX helps both local and foreign business owners to set up their businesses in Ireland with ease. We provide a broad range of company secretarial services to help entrepreneurs establish their businesses, making sure that they are equipped with the right knowledge and documentation at every stage of the process. 

Assigned by the legal authorities in the European Union, the EORI (Economic Operators’ Registration and Identification) is a unique numerical figure that permits customs officials to recognize the economic operators in the economy and in certain instances other people of interest as well. The number is lawfully binding in all European Union member states. Every so often, the EORI number is mistaken for the VAT (Value Added Tax) number, an erroneous conclusion. EORI numbers from Ireland appear in such a way that the IE prefix precedes the enterprise’s VAT number. 

A lot of companies are finding luck in Ireland’s low corporate tax. Over the years, Ireland has attracted many foreign investments and has also benefited from its low corporate tax requirements. Ireland also signed double taxation treaties with most industrial nations in order to prevent the duplications of companies' taxes. 

According to the Irish legislation, all companies registered in Ireland are required to comply with the terms and conditions stated in the Dividends Withholding Tax legislature. The standard withholding tax for dividends in Ireland is 20%. This Tax will be deducted from payables which are relevant distributions i.e.income tax and corporation tax (applicable at the rate of 12,5%).