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» The advantages of incorporating a company in Ireland are the following:
- Employee charges no more than 18% of salary (60% in France!)
- Few administrative formalities
- A single profits tax of 12,5% no matter how high yearly profits may be
- No need to make a VAT declaration if turnover below 55,000 €
- Ireland is within the euroland zone
- Clients outside of Ireland may be billed as ‘tax-exempt’
- Company officers may be paid fees without any with-holding tax being applied if they are not resident in Ireland
- Possibility of creating a Trust (a retirement pension fund) from company profits before tax, in favour of the company director. These funds may be used for the acquisition of property and other assets.
» A director of the company must reside in Ireland – Offshore Conseils is able to nominate a director for this purpose.
» Incorporating a company in Ireland may take 3-4 weeks and the opening of a bank account from 7-10 days. It is necessary to come to Dublin for the opening of the bank account.
If a resident Irish company director is not nominated, the company is obliged to take out a guarantee against possible non-payment of Irish taxes.
» The cost of these services is as follows :
• First year :
- Incorporation of the company and domiciliation for the first year 1,700 €
- Nominated Irish resident director 1,250 € ou
- Guarantee against non-payment of taxes 4,000 € (2ans)
- Nominee Secretary (normally carried out by us) 450 €
- Opening a bank account in Dublin 480 €
- Opening a personal offshore 480 €
- Opening a “virtual terminal” for credit card payments 250 €
- Opening a secure Internet payment terminal on company website 350 €
• Second year:
- Domiciliation and Annual Return declaration 750 €
- Nominated Irish resident director 1,250 € ou
- Guarantee against non-payment of taxes paid
- Nominee Secretary (normally carried out by us) 450 €
- Annual accounts 1,000 € - 1,800 €
- Dormant Company Account 400 €
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