The Republic of Ireland is located in Western Europe and has a territory of 70,000 square kilometers, and is also almost completely surrounded by the Atlantic Ocean being a perfect logistics center between North America and Northern Europe. Ireland borders the United Kingdom, being one of its major export partners. The capital city of Northern Ireland is Dublin. Republic of Ireland has a population of 4,7 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 12,5%. Tax returns are filed on an annual basis. Preliminary income tax payments are made on a biannual basis
- Dividend withholding tax - 25%
- Interest withholding tax - 20%
- Royalties withholding tax - 20%
- Capital gains tax - Standard tax rate 33%
- VAT - Standard tax rate 23% or reduced rates from 0% up to 13,5%. Tax returns are filed on a monthly, four monthly, biannual or an annual basis
- Personal income tax - from 20% up to 40%.
The following are the most common types of companies to incorporate a company in Ireland as:
- Private company limited by shares (LTD)
- Public limited company (PLC)
- Public company limited by guarantee (PCLG)
- Designated activity company limited by shares (DAC)
- Unlimited company (UC)
- General partnership (GP)
- Limited partnership (LP)
- Limited liability partnership (LLP)
- Societas Europaea (SE)
- Branch office.
Official currency of the Republic of Ireland is euro (EUR).
74% of the state's GDP is service sector. New opportunities for investing in renewable energy, biotechnology, car industry and space industry arise constantly. In 2017-2018 the state's GDP rose by 6,7% and amounted to around USD 375,9 billion.