A company owner can decide to relocate his or her business from the country where the legal entity is registered due to a set of reasons. One of the countries where investors can relocate their companies in is Ireland, which offers a competitive market for a wide range of business activities. Businessmen interested in Irish company formation may relocate a legal entity in this country for tax purposes or for the incentives available for specific industries. Our team of specialists in company formation in Irelandcan offer in-depth assistance on the legal procedures, depending on the country in which the respective entity is a tax resident.
Reasons to relocate a company
Numerous companies operating in other jurisdictions have taken the decision to relocate to another country, which offered a more competitive environment. One of the main reasons for relocating a bussiness refers to the costs associated with operating the company’s business activities in the country of origin. Another problem refers to the quality of life and the consumer market in the respective country, which do not offer a suitable framework for developing a specific business activity. Thus, relocation can ensure better economic prospects.
The video offers a short presentation on the manner in which a foreign company can relocate to Ireland:
In order to relocate a company in Ireland, it is necessary to deregister from the local institutions where the legal entity performed its activities and to re-register in the new jurisdiction (Ireland, in this case).
Ireland is one of the most competitive jurisdictions at a European level, providing an attractive corporate taxation system. Numerous international companies have set their operations here, as the corporate tax is imposed at one of the lowest levels in the European Union’s countries (12,5%).
Investors interested in opening a company in Ireland can also benefit from thetalented workforce available on this market, as well as from local support for business purposes. Companies in Ireland can obtain numerous grants and funds from Enterprise Ireland, the main institution which handles foreign direct investments in this country.
Peter Murphy is one of our company formation specialists. He can help you establish your company in Ireland fast and easy.
Call us now at +353 1 843 5455to set up an appointment with our lawyers in Dublin, Ireland. Alternatively you can incorporate your company without traveling to Ireland. All our clients beneficiate from the joint expertize of local lawyers and international consultants.
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