Why Ireland is the Preferred Country to Set up Your Company

by | Business

set up company ireland

One of the most important decisions a new business owner can make is where to set up their company. This can be a difficult question to answer as every company is different. However, Ireland is an ideal choice for most businesses to set up a company and one you should definitely consider. Ireland is one of the most popular countries in the world for new business owners for several reasons:

Low Corporation Tax:

Ireland has the lowest Corporation tax in Europe at 12.5% making it the ideal location to start a new business. Countless international companies have flocked to Ireland including Amazon, Google, Facebook and other tech giants. This low tax combined with Ireland’s pro-business government, allows business owners to create and manage their dealings with ease. 

Pro-Business Government:

Ireland’s government has always had a cooperative relationship with businesses. The Companies Act of 2014 was put in place to make it easier for Directors to manage their company. This makes Ireland one of the easiest countries in the world to do business in. As a result of this, Irish Company Formation is quickly becoming a must for new business owners. The reveal of the 2021 Budget proves this as there were very little changes that would affect businesses.

Easy Set-up:

Due to a combination of Ireland’s pro-business government and the Companies Act 2014, setting up a company is quite a rapid process. Setting up a Limited Company in Ireland is actually quite straightforward when using a formation agent with it usually taking between 3 to 5 working days. Chern & Co Ltd will simplify and guide you through the process of registering your company by drafting your company documents and by implementing our automated filing process. This system is the result of our integration with the CRO.

Legal Benefits:

The good news continues for business owners as there are various legal and administrative benefits for companies looking to set up in Ireland. There are several Research and Development tax credits that Directors can avail of, along with the fact that a company is a legal entity in and of itself. This means that legal action is taken against the company and not the owner if there are outstanding debts. Employees can purchase shares and a Limited Company name is protected from trademark.

Ireland took the leadership from the UK:

With Brexit, it is important that you protect the future of your company. After Brexit came into effect, Ireland became the only English speaking member of the European Union. Ireland of course has the lowest Corporation Tax in Europe and all the benefits from the EU. Ireland also allows a business owner easy access to millions of customers in Europe.

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