Relocate Your UK Company to Ireland After Brexit

While the UK decided to exit the European Union, an action that was recently concluded, the Republic of Ireland which remained an EU state was put in a difficult position because of its common border with the UK and Northern Ireland. However, the two countries cannot simply cut any relations, which is why agreements have been set in place in order to ease the transition of goods from one to the other.

The relations between Ireland and the UK after Brexit

Options for UK companies seeking to establish operations in the EU

1. the creation of a subsidiary company in which the UK company has full or partial ownership,
2. the establishment of an Irish branch office which will operate as a satellite company of the UK business,
3. the opening of an Irish holding company is also a choice for British companies,
4. the registration of an Irish company and transferring the assets and the operations of the British business is also an option.

What does it imply to relocate a UK business to Ireland?

Registering a new business in Ireland

• - the Irish company will need to have a registered address in the city it will operate,
• - the business licenses will need to be obtained with the Irish authorities,
• - if the new company will have a local director, he or she will need to obtain an Irish residence permit.

Why relocate a UK company to Ireland after Brexit

• - it has one of the lowest corporate tax rates in Europe of 12.5%,
• - tax credits that start at 25% for research and development activities are available,
• - Ireland has a VAT registration threshold of 37,500 euros for the supply of goods,
• - the VAT registration threshold for the supply of services is 75,000 euros.