
Foreign and local businessmen who want to start the procedure of
Irish company formation for an
investment fund will be
taxed following the
tax legislation applicable for this type of structure, which can depend on the specific
type of investment vehicle that was chosen for
registration. Our team of specialists in
Ireland company formation can provide in-depth information on the
tax regime applicable in this case.
Tax exemptions available for Irish investment funds - presented by our Ireland company formation experts
Ireland is a country that applies the principles prescribed by the
Organization for Economic Cooperation and Development (OECD), being compliant with the European Union’s legislation on the
taxation of the investment funds. As a general rule,
investment funds that are set up in this country or distributed here will benefit from the following
tax exemptions:
-
• the Irish investment funds are exempted from paying the tax on income and the tax on gains;
-
• in the case of transfer or redemption of units addressed to foreign investors (who are not Irish residents), there are no transfer taxes;
-
• non-Irish investors are not imposed with the withholding tax on the payments concluded through their fund in Ireland;
-
• several types of services are exempted from paying the value added tax (VAT), such as the administration and management services provisioned to an investment fund.
Taxation of EU and EEA investment funds in Ireland
The
tax regime applicable to an
investment fund depends not only on its structure, but also on its
tax residency. Thus, an
investment fund that has its
tax domicile in a country that is a member state of the
European Union (EU) or the
European Economic Area (EEA), will benefit from the same regulations that are available for
investment vehicles that are
incorporated in Ireland.
Our team of consultants in company registration in Ireland can provide further information on this matter.
Investors should also know that the
foreign domiciled funds can benefit from the
tax regime applicable to
local investment funds if the
fund is registered in a country with which
Ireland has concluded a
double tax treaty. For more details concerning the provisions stipulated by this type of agreement, foreign businessmen are invited to
contact our team of Ireland company formation specialists, who can provide tailored advice.