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Ireland Company, ideal for:
VAT number for Irish Company
When you are starting your own business, whether as a sole trader, partnership or a company, you need to determine if you are obliged to register for VAT and what VAT rate should be applied to your sales.
Who needs to register?
The main reason for registering for VAT is that the business engages in the supply of taxable goods or services within Ireland or within the EU.
A business whose turnover, in any twelve month period, does not exceed or is not likely to exceed €37,500 (in the case of supply of services) or €75,000 (in the case of supply of goods) is not obliged to register for VAT.
Other reasons for VAT registration are:
The business makes intra Community acquisitions of goods. The business receives fourth schedule services (for business purposes) from abroad.
Fourth schedule services include consultancy services provided by accountants, lawyers, consultants and engineers. All persons, other than private individuals, who receive fourth schedule services from abroad (for business purposes), must self account for the Irish VAT and must therefore be registered for VAT regardless of the above.
The business is involved in property transactions within the State and needs to register for VAT as a result of same.
TAX treaties signed
Ireland has signed comprehensive double taxation agreements with 64 countries, of which 56 are in effect.
Double Taxation Treaties entered into by Ireland:
Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia, Herzegovina, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Germany, Greece, Hong Kong, Hungary, Iceland, India, Israël, Italy, Japan, Korea (Rep.of), Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Portugal Prot., Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Rep., Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, UAE, United Kingdom, USA, Vietnam, Zambia
This has resulted in Ireland becoming one of the most prosperous countries in Europe. The GDP per capita in Ireland has increased from 69% in 1990 to 144% in 2007, of the average rate in Europe.
The communication system is excellent and the transportation infrastructure is perfect.
Corporate tax in Ireland is very low at 12.5%, and you will have a unique address on your business card.
If you are involved in technology or with the internet, Ireland is the ideal country. Intel, Microsoft, Dell and even Google have established their European headquarters in Ireland. Many receive tax incentives.
You too can receive all these benefits with one phone call to Bethel Finance.
By
having a company in Ireland and by locating websites in Ireland, either
in the International Financial Services Centre or in the Shannon Free
Zone, to carry out functions previously based in high-tax jurisdictions
such as sales and marketing, treasury management, supply of financial
services, and most of all, the supply of digital goods such as music,
video, training, software etc, businesses can take advantage of low
rates of taxation for increasingly substantial parts of their operation.
- Businessmen
- Holding intellectual property rights
- E-business
- Holding Assets
- Operational center (marketing, accounting…)
- Consultants / Counselor/ Forex/Binary Options
- For inheritance purposes
| Company Type | Private Company limited by shares | |
| Corporate legislation | Irish company law is contained in the Companies Acts 1963 – 2009. | |
| Information published relating to company officers | Upon registration, names of companies officers will appear in the public registry. | |
| Accounting requirement | Accounts and tax filing must be submitted by year-end. | |
| Taxation | Low Corporation Tax of 12.5%. | |
| Standard Currency | Euro | |
| Office | The company must have a registered office in Ireland | |
| Stability | Stable jurisdiction with very good reputation | |
| Communication | Efficient communication means | |
| Time zone | Convenient world time zone GMT | |
| Secretary required | Yes , company secretary can be either an individual or company and may or may not be resident in Ireland. | |
| Paid up capital requirement | No paid up capital requirement | |
| Basis of legal System | Under Common Law | |
| Minimum shareholders / directors | A minimum of 2 Directors, Directors must be individuals and not corporate entities. 1 director of an Ireland company must be resident in the European Economic Area | |
| Bearer shares | Bearer Shares are not permitted | |
When you are starting your own business, whether as a sole trader, partnership or a company, you need to determine if you are obliged to register for VAT and what VAT rate should be applied to your sales.
Who needs to register?
The main reason for registering for VAT is that the business engages in the supply of taxable goods or services within Ireland or within the EU.
A business whose turnover, in any twelve month period, does not exceed or is not likely to exceed €37,500 (in the case of supply of services) or €75,000 (in the case of supply of goods) is not obliged to register for VAT.
Other reasons for VAT registration are:
The business makes intra Community acquisitions of goods. The business receives fourth schedule services (for business purposes) from abroad.
Fourth schedule services include consultancy services provided by accountants, lawyers, consultants and engineers. All persons, other than private individuals, who receive fourth schedule services from abroad (for business purposes), must self account for the Irish VAT and must therefore be registered for VAT regardless of the above.
The business is involved in property transactions within the State and needs to register for VAT as a result of same.
TAX treaties signed
Ireland has signed comprehensive double taxation agreements with 64 countries, of which 56 are in effect.
Double Taxation Treaties entered into by Ireland:
Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia, Herzegovina, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Georgia, Germany, Germany, Greece, Hong Kong, Hungary, Iceland, India, Israël, Italy, Japan, Korea (Rep.of), Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Poland, Portugal, Portugal Prot., Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Rep., Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, UAE, United Kingdom, USA, Vietnam, Zambia
About Ireland
It is precisely because the market is so small that the Irish government has put into place legal, social and tax incentives which are extremely attractive.This has resulted in Ireland becoming one of the most prosperous countries in Europe. The GDP per capita in Ireland has increased from 69% in 1990 to 144% in 2007, of the average rate in Europe.
The communication system is excellent and the transportation infrastructure is perfect.
Corporate tax in Ireland is very low at 12.5%, and you will have a unique address on your business card.
If you are involved in technology or with the internet, Ireland is the ideal country. Intel, Microsoft, Dell and even Google have established their European headquarters in Ireland. Many receive tax incentives.
You too can receive all these benefits with one phone call to Bethel Finance.
To attain all this, you should call us at your convenience : +972-3-643-7999 or just email us at info@bethelfinance.com
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