There are a lot of myths and misconceptions surrounding distance sales. Distant sales refer to supplies of goods which are made by non-established traders to non-taxable customers or private customers who are located in the State where the trader should deliver the goods.
The Designated Activity Company (DAC) is one of the most contemporary company types in Ireland. DACs are limited companies in nature and are particularly appropriate for entities who want to set up a unique business model, built upon their specific preferences, unlike in Private Companies Limited by Shares (LTD) whereby the shareholders have unlimited powers. Such entities usually have a detailed description of a clear source of revenue for the business stipulated in their constitution, instead of giving unlimited trading authority, as is the case with most limited companies. As a result, the creed of ‘Ultra Vires’ continues to hold as true in these business entities. DACs keep their Memorandum and Articles of Association as constituent elements of the complete constitution.
Ireland is one of the most targeted countries by foreign investors due to its significantly low tax rate. Ireland’s corporate tax rate is about half the tax rate of the majority of most developed countries in the Organization for Economic Cooperation and Development.
According to the Companies Registration Office (CRO), the office address should be an actual physical location. Thus it is obligatory for Irish companies to have a registered physical office address in Ireland. SIGTAX offers a professional Irish Registered Office Service to both local and foreign companies who do not want to go through the rigorous process of setting up a physical office location in Ireland.
Due to the ever increasing level of corporate governance, it is very crucial to ensure that your company’s legal 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.
Limited companies exist as lawfully separate entities in Ireland. This means that the partners are not entirely responsible for the company’s liabilities. Their degree of liability is determined by the amount of capital that they put in the business. Prospective entrepreneurs looking forward to register their limited liability or unlimited company have a variety of company types to choose from.
