An Introduction to Regan Solicitors for the International Referral Network
TAX ADVANTAGES OF IRELAND AS A PLACE TO DO BUSINESS
Hundreds of other International Companies who have realised the benefits to be derived from expanding into Ireland. Regan Solicitors have the experience and expertise to assist your company in joining them.
DOING BUSINESS IN IRELAND
Tax Incentives
• Ireland has a competitively low corporation tax rate of 12.5% which does not breach EU or OECD harmful tax competition criteria;
• There is no withholding tax on interest payments to EU/Treaty Countries, and wide exemptions in respect of dividend payments;
• Ireland has an extensive and ever expanding double tax treaty network;
• It also has a comprehensive unilateral foreign tax credit system;
• There is no capital gains tax (CGT) exit charge to EU or Treaty Countries;
• There is an exemption from CGT in respect of the disposal of shareholdings in qualifying companies;
• A refundable tax credit of 25% is available for incremental R&D expenditure;
• Corporate tax relief for the acquisition cost of IP and other intangibles; and
• No custom duties on Irish goods on their importation into other parts of the EU
Development Agencies
In addition to consistently defending its low corporation tax regime, the Irish Government actively encourages international companies to choose Ireland as a European base. This policy forms a key pillar of its economic recovery and development plan.
The Industrial Development Agency (IDA) is responsible for promoting and developing foreign direct investment into Ireland and is the primary grant awarding body.
The IDA is focusing on attracting high value investment into Ireland such as Research & Development activities, European Headquarters, Advanced manufacturing and supply chain management activities, and it can provide valuable practical and financial assistance to companies.
Grant Assistance
Part of the incentive package offered by the various Development Agencies is the availability of State financial assistance, in the form of grants.
Each proposed investment is assessed by the relevant grant authority, such as the IDA, against a number of criteria. The level of grant payable is generally determined through negotiation.
A variety of grants are also available and can be specifically tailored to meet the needs of each investor. In most circumstances grants do not have to be repaid.
Grant aid may be available for the acquisition of intangible assets such as patent rights, licences and know-how.
In certain “regions” of the country approved by the EU for Regional Investment Aid, aid may be given in the form of capital grants for the acquisition of fixed
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