Compared to other countries in Europe, Ireland's corporation tax is fairly low. While in most countries corporation tax subsidies stand at a staggering 20%, Ireland boasts of a subdued figure which is just 12.5% of the revenue of the entity.
Every business has a unique feature that differentiates it from others. To avoid other businesses from plagiarising your business model, it’s very important that you get a trademark for your unique competitive advantages and features. This will give you total and exclusive ownership of a particular product or service thus protecting you from market plagiarism.
Product originality
There are certain pertinent changes that companies should be aware of since the depature of the United Kingdom from the European Union (EU). For instance, if a firm registered in the Republic of Ireland wishes to continue doing business with players in the UK post-Brexit, the non-EU trade laws will probably hold.
Explaining the Essentials of an EORI Number
The question of whether to set up your business in Ireland or the UK has often rested heavily on the issue of taxes. However, the impending Brexit has completely changed the landscape.
In efforts to encourage foreign direct investment, Ireland has set up business immigration programs that allow investors and entrepreneurs permission to stay in Ireland.
Moving to Ireland comes with the legal responsibility to pay taxes to the Irish authorities. Liability to taxation depends on the residency status you hold.
