is one of the first European countries which established a free zone
. A free zone
is a special area in which certain business activities are developed by both local and foreign companies
. One of the main advantages of a free zone
refers to the advantageous taxation regime, the infrastructure dedicated to the specific activities carried out and other relevant aspects. Investors interested in Irish company formation
in a free zone
should know that the Ireland
has two such locations. Our team of local consultants in Ireland
can offer advice on the main advantages of a free zone
Free zones in Ireland
• The Shannon Free Zone;
• The International Financial Centre.
The Shannon Free Zone
provides an attractive business market, as the companies
registered here can develop a wide range of activities, such as:
• repairing and maintaining aircraft products;
• trading activities which help increase the value of the free zone (in this sense, the business activity must be approved by the Ministry of Finance);
• trading activities related to the manufacturing of goods;
• activities related to the intellectual property rights.
The company registration in Ireland
referring to the Irish free zones
requires the issuance of a license provided by the Customs Free Airport Act
. The Ministry of Finance
will issue a special certificate
which will offer the free zone company the right to a range of tax reductions and our team of Irish company formation agents
can offer advice on how to obtain this permit.
Tax reductions in the Irish free zones
The certificate issued by the local authorities will allow the free zone company
to enjoy a special tax regime. As a general rule, the corporate tax rate applicable in Ireland
is one of the lowest available across Europe (it is imposed at the standard rate of 12,5%). In the Irish free zones
, the corporate tax
will be applicable to companies
at the rate of 10%.
Another important tax regulation refers to the fact that companies operating in the free zones
will be exempted from paying the Value Added Tax
, as well as the customs duty.
There are numerous other advantages for the Irish free zones companies
, and our team of experts in company formation in Ireland
can offer in-depth details. Please contact our consultants
for assistance on this matter.