Ireland develops numerous types of business activities for
rental or leasing purposes. Investors who want to
open a company in Ireland in this sector may set up their activities in
aicraft leasing operations or may
start a business related to the
rental and leasing of properties (land included). At the same time, a developed field of activity is the
rental of vehicles.
Corporate entities providing this type of services will need
special permits and licenses, while in the case of
natural persons leasing land in Ireland (
land for farming activities, for example) other regulations are imposed. The latter may also
obtain a tax relief on the income tax, as long as the
land is
leased for a period of minimum five years.
Our team of consultants in Ireland company formation can advise on special procedures that should be completed for such businesses.
Renting vehicles in Ireland
A popular business amongst those registered for
rental and leasing activities is the
rental of vehicles (
cars, motorcycles, vans, vehicles for persons with reduced mobility).
Investors interested to start the procedure of
Irish company formation performing this activity may increase their business opportunities if they
set up their business near an
airport or in large cities, as these locations offer the
highest rate of customers.
In
Ireland, most of the
owners of a car rental business will not
conclude a contract with a
person below 25 years old and this is also available for
renting motorcycles. In the case of the
drivers with an age above 75, special requirements will be imposed. When
renting a van, the
driver is required to have a
driver’s license for
at least eight years.
Our team of specialists in company registration can provide further details on this type of activity.
Leasing activities for aircrafts - detailed by our Ireland company formation team
Leasing in Ireland is highly developed for aircraft activities. Leasing refers to the legal procedure through which a lessor (the owner of a specific asset) grants a lessee the right to own the respective asset for a specific period of time. In return, the lessee is required to perform lease payments to the lessor.
In
Ireland,
Dublin is the
top center for leasing activities in this industry and it is important to know that the country has
attracted 14 of the top 15 aircraft lessors, most of them setting their headquarters in the
Irish capital city.