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 consultants in company formation 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.
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 registration in Ireland
can offer in-depth details. Please contact our consultants
for assistance on this matter.